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132 Ohio Dr 10 Unit Apartment Building Offered at $749,000 at a 6.86% Cap Rate Bakersfield, CA 93307
Investment Highlights
- Oversized ±0.57 Acre Lot
- Value Added Potential
- Stable In-Place Income
Executive Summary
Exceptional income-producing opportunity at 132 Ohio Dr in Bakersfield! Situated on a sprawling ±0.57-acre lot, this fully renovated multi-unit property offers tremendous versatility for investors, owner-users, or those seeking multi-generational living. Featuring approximately 3,950 square feet of living space, the property includes multiple residential units with updated interiors, air conditioning, private yard areas, and ample room for future expansion. The oversized lot provides potential for additional improvements, increased rental income, or enhanced outdoor amenities. Conveniently located near schools, shopping, dining, and major transportation routes, this unique property combines strong income potential with long-term growth opportunities. A rare chance to own a remodeled, cash-flowing property with endless possibilities in the heart of Bakersfield!
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,800
|
$17.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,800
|
$17.16
|
| Taxes |
$5,500
|
$1.39
|
| Operating Expenses |
$11,000
|
$2.78
|
| Total Expenses |
$16,500
|
$4.18
|
| Net Operating Income |
$51,300
|
$12.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $67,800 |
| Annual Per SF | $17.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,800 |
| Annual Per SF | $17.16 |
| Taxes | |
|---|---|
| Annual | $5,500 |
| Annual Per SF | $1.39 |
| Operating Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $2.78 |
| Total Expenses | |
|---|---|
| Annual | $16,500 |
| Annual Per SF | $4.18 |
| Net Operating Income | |
|---|---|
| Annual | $51,300 |
| Annual Per SF | $12.99 |
Property Facts
| Price | $749,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $74,900 | Lot Size | 0.57 AC |
| Sale Type | Investment | Building Size | 3,950 SF |
| Cap Rate | 6.86% | Average Occupancy | 100% |
| Sale Condition | Build to Suit | No. Stories | 1 |
| Gross Rent Multiplier | 11.05 | Year Built/Renovated | 1929/2022 |
| No. Units | 10 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | R-2 - multi-family | ||
| Price | $749,000 |
| Price Per Unit | $74,900 |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| Sale Condition | Build to Suit |
| Gross Rent Multiplier | 11.05 |
| No. Units | 10 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Lot Size | 0.57 AC |
| Building Size | 3,950 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1929/2022 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - multi-family |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Sprinkler System
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $1,675 | 1,320 |
| 3+1 | 2 | $1,525 | 1,000 |
| 1+1 | 3 | $1,150 | 630 |
| 3+1 | 4 | $1,550 | 1,000 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 169-062-06-00-0 | Total Assessment | $253,495 |
| Land Assessment | $39,430 | Annual Taxes | $5,500 ($1.39/SF) |
| Improvements Assessment | $214,065 | Tax Year | 2025 |
Property Taxes
Parcel Number
169-062-06-00-0
Land Assessment
$39,430
Improvements Assessment
$214,065
Total Assessment
$253,495
Annual Taxes
$5,500 ($1.39/SF)
Tax Year
2025
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132 Ohio Dr
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