Coldwell Banker Home Page
Skip to main contentColdwell Banker Home Page
Local Realty Service Provided By: Coldwell Banker Realty
Property view
Listing view 2
Listing view 3

940 WATER STREET, 
Bakersfield, CA 93305

$825,000

—

Bed

—

Bath

5,059

Sq Ft

Multi-Family

Active

Listed by

Eric Vandenk

, 

Robin Hundal

Central Valley Property Advisors

661-617-0074

Last updated:

January 13, 2026, 03:22 PM

MLS#

202600369

Source:

BF

About This Home

940 WATER STREET

Located at 940 Water Street in Bakersfield, CA 93305, this well-maintained 8-unit multifamily property offers a compelling investment opportunity with a desirable unit mix of (6) one-bedroom/one-bath units and (2) two-bedroom/one-bath units. The property has undergone major recent capital improvements, including a brand new roof and a freshly redone exterior, significantly enhancing curb appeal and reducing near-term maintenance costs. With strong potential to increase value through rental income growth, this asset provides investors an opportunity to improve cash flow and overall returns while owning a stabilized property in Bakersfield.

Home Facts

Multi-Family

Built in 1958

Price Summary

825,000

$163 per Sq. Ft.

MLS #:

202600369

Last Updated:

January 13, 2026, 03:22 PM

Added:

6 day(s) ago

Rooms & Interior

Interior

Living Area:

5,059 Sq. Ft.

Structure

Structure

Building Area:

5,059 Sq. Ft.

Year Built:

1958

Lot

Lot Size (Sq. Ft):

12,196

Finances & Disclosures

Finances

Price:

$825,000

Price per Sq. Ft:

$163 per Sq. Ft.

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

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.

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.