Offering

The Offering

2700 White Lane is a 149-unit studio apartment community at the White Lane interchange with Highway 99 in southwest Bakersfield. Built in 1965 and converted to multifamily use under Conditional Use Permit 23-0642, the two-story, L-shaped property spans approximately 61,500 square feet across 149 studios averaging about 413 square feet. It is offered at $7.9M, roughly $53,020 per unit, through a court-supervised receivership sale, with attractive seller financing available to qualified buyers. At approximately 60% occupancy, this is an active lease-up and repositioning opportunity for an operator ready to complete the remaining site work, lease the vacant units, and stabilize operations.

1. 01

   149 studio units on approximately 2.72 acres at the White Lane and Highway 99 interchange, with direct freeway visibility

2. 02

   Offered at $7.9M, approximately $53,020 per unit, through a court-supervised receivership sale

3. 03

   Attractive seller financing available to qualified buyers; call for terms

4. 04

   Active lease-up upside at roughly 60% occupancy, with 59 vacant residential units

5. 05

   CUP-approved multifamily use, with fire sprinkler and alarm systems reported complete and the $491,700 park fee already paid

6. 06

   Rent support from local studio comparables of $955 to $1,095 and Bakersfield Housing Authority contract rents up to $1,095