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2711 Hollyhock Ln
Bakersfield, CA 93309
2711 Hollyhock Ln · Multifamily Property For Sale
·
5 Units
Investment Highlights
- Fully stabilized 5-unit investment property delivering strong cash flow.
- Amenities include central A/C, in-unit laundry, and dedicated parking with carports and garage.
- Proven income performer with recent interior upgrades and 100% occupancy.
- Unit mix includes (1) 3-bed, 2-bath and (4) 2-bed, 1-bath residences.
- Located in Southwest Bakersfield’s Laurelglen area near schools, shopping, and local services.
Executive Summary
2711 Hollyhock Lane presents a fully stabilized 5-unit multifamily investment opportunity situated in the desirable Laurelglen neighborhood of Southwest Bakersfield. The property includes one three-bedroom, two-bath unit and four two-bedroom, one-bath units, generating approximately $83,000 in gross annual income. Each unit offers central air conditioning, private laundry, and off-street parking, including carports and a two-car garage. Several units have received kitchen and bath upgrades, enhancing tenant appeal with modern finishes.
With 100% occupancy, an operating GRM of 10.27, and a cap rate near 5.9%, this investment delivers strong in-place cash flow within a highly sought rental submarket. Located near local schools, parks, and retail amenities, the property benefits from consistent demand and ease of access to major roadways like Highway 99 and Ming Avenue. This stabilized asset provides both immediate income generation and long-term growth potential in an established Bakersfield neighborhood.
With 100% occupancy, an operating GRM of 10.27, and a cap rate near 5.9%, this investment delivers strong in-place cash flow within a highly sought rental submarket. Located near local schools, parks, and retail amenities, the property benefits from consistent demand and ease of access to major roadways like Highway 99 and Ming Avenue. This stabilized asset provides both immediate income generation and long-term growth potential in an established Bakersfield neighborhood.
Property Facts
| Price Per Unit | $167,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.89% | Building Size | 4,163 SF |
| Gross Rent Multiplier | 10.27 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Zoning | R-2 - Small Lot Single-Unit Dwelling | ||
| Price Per Unit | $167,000 |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 10.27 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 4,163 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-2 - Small Lot Single-Unit Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,650 | - |
| 2+1 | 4 | $1,300 | - |
Property Taxes
| Parcel Number | 355-334-01-00-4 | Improvements Assessment | $392,230 |
| Land Assessment | $192,474 | Total Assessment | $584,704 |
Property Taxes
Parcel Number
355-334-01-00-4
Land Assessment
$192,474
Improvements Assessment
$392,230
Total Assessment
$584,704
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