For Sale

Listed by Filip Niculete and Glen Scher

Source: Combined LA Westside Multiple Listing Service, Inc #26654845

2700 White Lane, Bakersfield, CA, 93304

$7,900,000

149
149
150
59600 sq. ft.
118483 sq. ft.

Other

30+ days on the market

What's around 2700 White Lane

About this property

We are pleased to present 2700 White Lane, a 149-unit studio apartment community located at the White Lane interchange with Highway 99 in southwest Bakersfield. Originally constructed in 1965 as a hotel, the property has been converted to multifamily use under Conditional Use Permit 23-0642, approved by the Bakersfield Planning Commission on February 29, 2024. The asset is now offered at $7,900,000, or approximately $53,020 per unit, as a court-supervised receivership sale. Attractive seller financing is available to qualified buyers. Call for terms.The two-story, L-shaped property includes approximately 61,500 square feet of building area across 149 studio units averaging approximately 413 square feet each, with kitchenette configurations in a converted-hotel format. The site offers high visibility from Highway 99, a large surface parking lot, a swimming pool, on-site laundry, and access to retail and services throughout southwest Bakersfield.The May 1, 2026 management rent roll reports 150 active entries because it includes a separate Flex Room. Excluding that non-residential entry, the residential rent roll reflects 149 apartment units, 59 vacant residential units, and approximately 60% residential occupancy. This should be viewed as an active lease-up and operational repositioning opportunity, not a stabilized apartment investment. A new owner can create value by completing the remaining site work, continuing the resident transition, leasing the vacant units with disciplined screening, and improving collections and operating performance.Meaningful capital has already been invested in the property. Seller-provided materials report that the fire sprinkler and alarm systems have been completed, and a City of Bakersfield receipt confirms the receiver paid a $491,700 park fee on March 2, 2026. Two recent third-party bids provide budget references for portions of the remaining exterior, accessibility, and site work: $394,284 from Diamond Peak Construction and $461,291 from Pyramid Construction. The bids have different scopes and exclusions, so buyers should review the plans, permits, public-works requirements, utility work, bid exclusions, and remaining CUP conditions during due diligence.The local rent story is supported by the OM rent comparable set and the property's housing-assistance component. The updated model assumes $1,095 in potential monthly rent per unit, while the OM's local studio rent comparables range from $955 to $1,095 per month. The Bakersfield Housing Authority has approved contract rents at the property up to $1,095 per month, providing additional support for the rent assumption subject to buyer verification and applicable program requirements.With 149 units, a court-supervised sale process, an approved multifamily entitlement, seller financing availability, a low acquisition basis, a paid $491,700 park fee, and current third-party site-work bids, 2700 White Lane offers a clear value-add opportunity for an experienced multifamily operator prepared to complete the remaining work and execute the lease-up plan.

Looking for more information on 2700 White Lane?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Other properties for sale by Marcus & Millichap

For Sale
$3,698,000
5302 Colodny Drive
Agoura Hills CA 91301
14
14
12
Other
Listing courtesy of Marcus & Millichap
For Sale
$675,000
2056 West 67th Street
Los Angeles CA 90047
4
2
Other
Listing courtesy of Marcus & Millichap
For Sale
$3,600,000
1350 Edgecliffe Drive
Los Angeles CA 90026
20
13
13
Other
Listing courtesy of Marcus & Millichap

Browse properties sold in nearby areas

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent