2700 White Lane, Bakersfield. At auction September 22 to 24, 2026.
A 149 unit studio community at the Highway 99 interchange, offered through a court supervised receivership sale on the Marcus & Millichap auction platform.
$2,250,000
Starting Bid
149
Studio Units
62%
Occupied
Sep 22
Bidding Opens
The offering
The LAAA Team of Marcus & Millichap is pleased to present 2700 White Lane, a 149 unit studio apartment community in southwest Bakersfield, offered via court supervised sale and powered by RealINSIGHT Marketplace. Built in 1965 as a hotel, the two story, L shaped, ±61,500 square foot property was converted to multifamily use under a Conditional Use Permit approved by the Bakersfield Planning Commission in February 2024, giving a buyer a rare, already entitled studio asset in the C-2 zone.
As of the July 2026 rent roll, the community is 62% occupied and collecting $86,385 in monthly rent across 149 studios averaging 413 square feet with a kitchenette. Local studio comparables and approved housing assistance contract rents support increases toward $1,095 per month.
The property is being sold by a court appointed receiver. Registration, the confidentiality agreement and all diligence materials, including the offering memorandum, rent rolls, financial statements, third party reports and the purchase agreement, are open now on the auction page. Bidding runs September 22 to 24, 2026.
Auction terms
Read these before you bid. The premium and the deposit are both buyer obligations.
- Starting bid
- $2,250,000
- Bidding opens
- September 22, 2026
- Bidding closes
- September 24, 2026
- Platform fee
- The platform fee is the greater of 5% or $25,000, paid by the buyer at closing, on top of the purchase price.
- Deposit
- 10% of the purchase price, minimum $20,000, maximum $1,000,000, wired within one business day of being declared the winning bidder, and non-refundable.
- Closing
- Closing occurs on or before 30 days after the contract date.
- Condition
- Sold as-is, with no financing and no due diligence contingency.
- Court approval
- Any sale is subject to court approval in the pending receivership action.
- Platform
- Bidding is conducted online through RealINSIGHT Marketplace. Registration, the confidentiality agreement and all due diligence materials are on the auction page.
Investment highlights
149-Unit Studio Community On Hwy 99
149 studio units sit on ±2.72 acres at the intersection of White Lane and Highway 99.
CUP-Approved Multifamily Conversion
CUP 23-0642 is approved, with fire sprinkler, alarm systems, and the city park fee complete.
62% Occupied Value-Add Lease-Up Deal
Approximately 62% occupied today, leaving clear upside through lease-up and stabilization.
Remaining Site Work Already Bid Out
Third-party contractor bids are already available for remaining exterior and site improvements.
Comp-Supported Rental Upside To $1,095
Local studio comparables and housing-assistance contract rents support increases toward $1,095.
The property
How to bid
- 1
Create an account on the auction platform
Registration is open now. Register early rather than on the day, so nothing about your account or your proof of funds is outstanding when bidding opens.
- 2
Sign the confidentiality agreement and review the file
The offering memorandum, rent rolls, financial statements, third party reports and the purchase agreement all sit behind the agreement on the auction page.
- 3
Bid September 22 to 24, 2026
Bidding runs online. The winning bidder wires the deposit within one business day and closes within 30 days, subject to court approval.
Questions before you bid
The LAAA Team at Marcus & Millichap is the listing broker on 2700 White Lane, with Marcus & Millichap Auction Services running the sale. Call any of us and we will walk you through the file, the process and the property.
Mike Banwell
Senior Director Investments, Auction Services
(949) 419-3397mike.banwell@marcusmillichap.com