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Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2700 White Lane is a 149-unit studio apartment community in southwest Bakersfield, California, offered via court-supervised sale. 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 studio units averaging 413 square feet with a kitchenette. Capital improvements including fire sprinkler and alarm systems are complete and operational to code, and the required City park fee has been paid, while third-party bids are available for remaining exterior, accessibility, and site work. Rent potential is supported by local studio comparables and approved housing-assistance contract rents of up to $1,095 per month. Positioned at the Highway 99/White Lane interchange with strong visibility and access to surrounding retail, and offered at an attractive basis relative to local apartment sales, 2700 White Lane presents a compelling value-add lease-up opportunity for an experienced multifamily investor.
Due Diligence
Location
2700 White Lane sits directly at the Highway 99 interchange with White Lane in southwest Bakersfield, adjacent to a Denny's restaurant and a Motel 6, with additional retail and services along the corridor. The surrounding 3-mile trade area is home to more than 168,000 residents and $81,811 in average household income, anchoring steady studio-housing demand.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
