Investing in Bakersfield, CA

6 Replies

I agree with @Brad B.   

Oildale is hot right now because Amazon is building a fulfillment center just north of there.  It should bring 1000 to 2000 jobs.  But areas of that neighborhood are pretty rough.  

I have also worked with investors that are buying west of the 99.  Prices are higher but you tend to attract better tenants so management and turn costs could be more favorable.  

@Jerry Akop what is your goal in investing in this property?  What type of cash flow are you considering a good investment? On the whole the Bakersfield market is hot right now, and even into the future.  There is so much new development on the commercial, residential, and industrial side that new jobs are starting to come to the area as well.  On top of that, we have so many new attractions coming to the area that the value of Bakersfield is definitely going to be shown in the next few years.  

If you are looking for a property to use as a "long term savings" essentially, you would be looking for properties in a better area which would break even or return a lower cash flow depending on the quality of the area. 

If you are looking for a property to use for cash flow and overall appreciation you would be looking for properties in a little lesser area, and finally those properties that are pure cash flow would most likely be in the lower areas in Bakersfield.  

It also comes down to how the property is managed.  We have noticed a lot of landlords do not make money because of the mismanagement of their properties.  

I would be happy to talk more in detail with you if you like.  Feel free to PM me.  

Best of luck

Sunny