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1316 E California Ave 4 Unit Apartment Building $629,000 ($157,250/Unit) 5.84% Cap Rate Bakersfield, CA 93307
Investment Highlights
- Minutes from Downtown Bakersfield
- Central air/heat and W/D hookups in every unit
- Immediate upside via vacant unit
- Modern 100-Amp electrical
- Two units recently renovated
- Tenant-paid utilities
Executive Summary
Bakersfield 4-plex in Central/East Bakersfield, offering $5,100/month in current rents with onev acant unit for upside or owner-occupancy. Each unit is a 3 bedroom/1 bath; Units C and Dwere remodeled with granite countertops, fresh paint, and updated appliances. Central air/heating, W/D hook-ups, tile floors, and dual-pane windows throughout. Modern 100-Ampelectric. AC units serviced annually. Roof estimated 2016 install. 3,932 SF per public record. Rents are actual, expenses are proforma.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$61,200
|
$15.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$61,200
|
$15.56
|
| Taxes |
$10,108
|
$2.57
|
| Operating Expenses |
$14,331
|
$3.64
|
| Total Expenses |
$24,439
|
$6.22
|
| Net Operating Income |
$36,761
|
$9.35
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $15.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,200 |
| Annual Per SF | $15.56 |
| Taxes | |
|---|---|
| Annual | $10,108 |
| Annual Per SF | $2.57 |
| Operating Expenses | |
|---|---|
| Annual | $14,331 |
| Annual Per SF | $3.64 |
| Total Expenses | |
|---|---|
| Annual | $24,439 |
| Annual Per SF | $6.22 |
| Net Operating Income | |
|---|---|
| Annual | $36,761 |
| Annual Per SF | $9.35 |
Property Facts
| Price | $629,000 | Apartment Style | Low-Rise |
| Price Per Unit | $157,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.84% | Building Size | 3,932 SF |
| Gross Rent Multiplier | 10.28 | Average Occupancy | 75% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | C-2 | ||
| Price | $629,000 |
| Price Per Unit | $157,250 |
| Sale Type | Investment |
| Cap Rate | 5.84% |
| Gross Rent Multiplier | 10.28 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 3,932 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1986 |
| Zoning | C-2 |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
- Kitchen
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 4 | $1,300 | 983 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 017-360-10-00-6 | Total Assessment | $634,644 (2025) |
| Land Assessment | $104,040 (2025) | Annual Taxes | $10,108 ($2.57/SF) |
| Improvements Assessment | $530,604 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
017-360-10-00-6
Land Assessment
$104,040 (2025)
Improvements Assessment
$530,604 (2025)
Total Assessment
$634,644 (2025)
Annual Taxes
$10,108 ($2.57/SF)
Tax Year
2026
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1316 E California Ave