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4023 O STREET, 
Bakersfield, CA 93301

$2,100,000


Bed


Bath


6,104

Sq Ft


Multi-Family

Active

Listed by

Eric Mora

The Mora Partners Inc.

5791373

Last updated:

February 6, 2026, 03:28 PM

MLS#

202512612

Source:

BF

About This Home

4023 O STREET

-- Prime Value-Add Multifamily + Approved 22-Unit Development Opportunity --Rare chance to acquire a *7-unit apartment portfolio* across two well-maintained buildings *4-Plex* and *Triplex* positioned on a large parcel with tremendous upside. This property includes fully approved plans by the City of Bakersfield for a new 22-unit multifamily project, offering investors and developers the ability to earn immediate cash flow from the existing 7 (2 Bed, 1.75 Bath, Indoor Laundry) units while advancing a high-density expansion. All plans and approvals are in place, saving valuable time and reducing upfront development risk. Whether you're looking to grow your portfolio or build out a new multifamily community, this asset delivers strong current income, exceptional future value, and a path to long-term returns. A true turnkey opportunity with major potential in a growing market.

Home Facts

Multi-Family

Built in 1986

Price Summary

2,100,000

$344 per Sq. Ft.

MLS #:

202512612

Last Updated:

February 6, 2026, 03:28 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

6,104 Sq. Ft.


Structure

Structure

Building Area:

6,104 Sq. Ft.

Year Built:

1986


Lot

Lot Size (Sq. Ft):

56,628


Finances & Disclosures

Finances

Price:

$2,100,000

Price per Sq. Ft:

$344 per Sq. Ft.

Source:BF
“nformationdeemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2026.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.