$1.06M

$1.06M

Est. $7,017/mo · 20% down · 6.5% · 30yr

1018 Miller Street, Bakersfield, CA, 93305

MLS# 202607255

Active
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3,808sqft
10,018lot sqft
1950built
53 days on market

About this home

Located at 1018 Miller St in Bakersfield, CA, this well-positioned 10-unit multifamily asset offers a uniform floor plan of 1-bedroom, 1-bathroom units, providing operational simplicity and broad tenant appeal. The property currently generates gross annual income in excess of $103,000, reflecting consistent, in-place cash flow from a fully uniform unit mix. Bakersfield's steady rental demand, driven by its diverse local economy and relative affordability compared to coastal California markets, supports continued occupancy strength and upside potential through future rent growth or value-add improvements. With uniform units simplifying maintenance and management, 1018 Miller St presents an attractive opportunity for investors seeking a well-positioned, income-producing multifamily asset in a growing Central Valley submarket.

Property Details

💰

$1.06M

Price

🛏

0 bd

Bedrooms

📐

3,808 sqft

Living Area

🌿

10,018 sqft

Lot Size

🏗️

1950

Year Built

🚗

0 car

Garage

🏠

5 - 10 Units

Type

📅

53 days

Days Listed

✓ Active ListingBakersfield, CA 93305

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Loan Type

Loan Term

$1,060,000
%
3%50%
$53,000 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$7,958

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$6,365
Property Taxes / mo$1,104
Home Insurance / mo$120
PMI (Mortgage Insurance)$369
Total Est. Payment$7,958
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93305

Market Stats

Active Listings

119

ZIP 93305

Median List Price

$349K

ZIP 93305

Avg Days on Market

89

Bakersfield avg

Sale / List Price

98.5%

avg ratio

1018 Miller Street, Bakersfield, CA, 93305

Listed by: Eric VanDenk, Central Valley Property Advisors

MLS#: 202607255 · Source: Bakersfield AOR

Based on information from Golden Empire MLS, Inc. (a subsidiary of Bakersfield Association of REALTORS®, Inc.). All data is obtained from various sources and has not been verified. Full disclaimer

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