ISABELLA GARDEN APARTMENTS 4009 Lake Isabella Blvd 6 Unit Apartment Building $783,000 ($130,500/Unit) 8.01% Cap Rate Bodfish, CA 93205

Marcus and Millichap are pleased to present the Isabella Garden Apartments, a rare opportunity to acquire a fully renovated multifamily community strategically positioned along the highly traveled Lake Isabella Boulevard, the primary commercial corridor serving the Kern River Valley. The property consists exclusively of spacious 2-bedroom / 1-bathroom apartment homes, offering one of the most desirable unit configurations for families, working professionals, retirees, and long-term residents alike. Nestled in the heart of the Lake Isabella and Bodfish communities, the property is surrounded by one of California's premier outdoor recreation destinations. Renowned for its world-class bass and trout fishing, boating, kayaking, whitewater rafting on the Kern River, hiking, camping, off-road recreation, and its close proximity to the Sequoia National Forest
and Southern Sierra Nevada Mountains, Lake Isabella attracts visitors year-round while serving as the commercial and residential hub of the greater Kern River Valley. Its prime location on a major thoroughfare provides residents with immediate access to shopping, dining, schools, healthcare, and everyday conveniences, further enhancing the property's long-term desirability.
The asset has undergone a comprehensive renovation, creating a truly turnkey investment with minimal deferred maintenance and exceptional resident appeal. Every 2-bedroom / 1-bathroom unit has been extensively upgraded with modern flooring, contemporary cabinetry, beautifully renovated bathrooms, and energy-efficient mini-split HVAC systems with integrated heat pumps for year-round comfort. Each apartment is equipped with a full appliance package including a stove/oven and refrigerator, providing residents with movein-ready accommodations. Additional amenities include an on-site laundry facility, ample off-street parking, and professionally maintained
common areas, delivering the convenience and functionality today's renters demand. These substantial capital improvements significantly elevate the property above much of the existing rental inventory throughout the Lake Isabella market, positioning ownership to capitalize on strong tenant retention and continued rental growth.
The Lake Isabella market continues to benefit from favorable multifamily fundamentals driven by a limited supply of quality rental housing and consistent demand from local residents, healthcare professionals, government employees, seasonal workers, retirees, and households seeking an affordable lifestyle within the Kern River Valley. With relatively few professionally renovated apartment communities available and very limited rental inventory, well-maintained assets are positioned to experience strong occupancy and sustained leasing activity. Lake Isabella's combination of year-round tourism, outdoor recreation, and small-town charm continues to support long-term housing demand while creating meaningful barriers to entry for competing multifamily developments. As one of the area's few fully renovated apartment communities comprised entirely of desirable 2-bedroom / 1-bathroom residences, Lake Isabella Villas offers investors the opportunity to acquire a stabilized, income-producing asset with durable cash flow potential in one of Central California's most recognizable recreational destinations.