940 WATER STREET, Bakersfield, CA 93305

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
940 WATER STREET,Bakersfield, CA 93305
$825,000
  • - Beds
  • - Baths
  • 5,059 sq. ft.
  • Multi-family
  • Active
Listed by: eric vandenk, robin hundal
Office: central valley property advisors
MLS#:202600369
Source:BF

Price summary

  • Price:$825,000
  • Price per sq. ft.:$163.08

About this home

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.

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Home facts

  • Year built:1958
  • Listing ID #:202600369
  • Added:1 day(s) ago
  • Updated:January 11, 2026 at 11:13 AM

Rooms and interior

  • Living area:5,059 sq. ft.

Heating and cooling

  • Heating:Floor/Wall Unit

Structure and exterior

  • Year built:1958
  • Building area:5,059 sq. ft.
  • Lot area:0.28 Acres

Schools

  • High school:East
  • Middle school:Washington
  • Elementary school:Noble, Myra A.

Finances and disclosures

  • Price:$825,000
  • Price per sq. ft.:$163.08
“nformationdeemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2026.

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