| 149-Unit Studio Community at White Lane and Highway 99: Single-asset scale of 149 studio units on approximately 2.72 acres in southwest Bakersfield. |
| $7.9 Million Court-Supervised Offering: The property is offered at $7,900,000, or approximately $53,020 per unit, through a court-supervised receivers |
| Attractive Seller Financing Available: Attractive seller financing is available to qualified buyers. Call for terms. Terms are not stated in the OM. |
| Active Lease-Up and Operational Repositioning: The May 1, 2026 rent roll reflects approximately 60 percent residential occupancy. |
| Life-Safety Work and Park Fee Already Addressed: Seller-provided materials report that the fire sprinkler and alarm systems have been completed. |
| Rent Support from Local Comps and Housing Assistance: The updated model assumes $1,095 in potential monthly rent per unit. |
Glen Scher
Marcus & Millichap