3518 N Chester, Bakersfield, CA 93308

Property Description

Offered at $599,000 (under $100,000 per unit), 3518 N. Chester Ave presents a compelling value-add opportunity in Bakersfield. This 6-unit apartment building, constructed in 1968, features six 1-bedroom/1-bath units with current rents ranging from $700-$850, offering clear upside through gradual rent growth. The property benefits from a capital improvement plan, including new electrical subpanels scheduled for completion by early April 2026, reducing future maintenance risk and enhancing long-term stability. Well-positioned for investors seeking affordable entry pricing, solid in-place income, and the ability to increase returns over time, this asset is an attractive addition to a growing multifamily portfolio.