2700 White Lane 2700 White Lane
Bakersfield, CA 93304

2700 White Lane presents an exceptional value-add opportunity in Bakersfield’s Wible Orchard submarket, offered at $9,950,000. This 149-unit workforce housing asset sits on 2.72 acres, delivering a current net operating income of $746,500 at a 7.50% in-place cap rate. With in-place rents averaging $925 versus market rents of $1,100, the property’s 65.1% occupancy and below-market rate structure afford immediate upside through strategic lease-up and rental rate adjustments. At a $161.79 price per square foot and a 5.53 GRM, investors can realize significant upside as the asset stabilizes to...