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113 Hopkins Ave 8 Unit Apartment Building $675,000 ($84,375/Unit) Bakersfield, CA 93308
EXECUTIVE SUMMARY
Renovated 8-unit multifamily investment located in North Bakersfield, featuring a strong unit mix of five 2BR/1BA units and three studio
units. Seller financing available, offering flexible terms for investors seeking steady cash flow, strong rental demand, and long-term
upside.
units. Seller financing available, offering flexible terms for investors seeking steady cash flow, strong rental demand, and long-term
upside.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$79,560
|
$32.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$79,560
|
$32.74
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,000
|
$1.65
|
| Net Operating Income |
$75,560
|
$31.09
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $79,560 |
| Annual Per SF | $32.74 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $79,560 |
| Annual Per SF | $32.74 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,000 |
| Annual Per SF | $1.65 |
| Net Operating Income | |
|---|---|
| Annual | $75,560 |
| Annual Per SF | $31.09 |
PROPERTY FACTS In Escrow
| Price | $675,000 | Building Class | B |
| Price Per Unit | $84,375 | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,430 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-2 | ||
| Price | $675,000 |
| Price Per Unit | $84,375 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 2,430 SF |
| No. Stories | 1 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | R-2 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
SITE AMENITIES
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | $900.00 | 670 |
| Studios | 3 | $727.50 | - |
1 1
PROPERTY TAXES
| Parcel Number | 119-110-06-00-5 | Improvements Assessment | $408,000 (2025) |
| Land Assessment | $56,100 (2025) | Total Assessment | $464,100 (2025) |
PROPERTY TAXES
Parcel Number
119-110-06-00-5
Land Assessment
$56,100 (2025)
Improvements Assessment
$408,000 (2025)
Total Assessment
$464,100 (2025)
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113 Hopkins Ave
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