Log In/Sign Up
Your email has been sent.
1911 Flower St - 1911 Flower St 6 Unit Apartment Building Offered at $750,000 at a 5.20% Cap Rate Bakersfield, CA 93305
Investment Highlights
- 6-Unit Multifamily Investment Opportunity
- 10.3 GRM
- 8,712 SF Lot
- Attractive 5.2% Cap Rate
- 3,120 SF Apartment Building
Executive Summary
Meticulously maintained 6-unit complex in the popular East Bakersfield area near Kern Medical Center. The property has been well cared for, with units kept in excellent condition both inside and out. Each unit features a 1-bedroom, 1-bath layout currently renting in the $1,000/month range. The property offers fenced yard areas with well-maintained lawns and landscaping, creating a pleasant environment for tenants. Utilities include individually metered gas and electric. Secure, happy tenants in place.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,840
|
$23.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,913
|
$0.93
|
| Effective Gross Income |
$69,927
|
$22.41
|
| Taxes |
$13,882
|
$4.45
|
| Operating Expenses |
$17,291
|
$5.54
|
| Total Expenses |
$31,173
|
$9.99
|
| Net Operating Income |
$38,754
|
$12.42
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $72,840 |
| Annual Per SF | $23.35 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,913 |
| Annual Per SF | $0.93 |
| Effective Gross Income | |
|---|---|
| Annual | $69,927 |
| Annual Per SF | $22.41 |
| Taxes | |
|---|---|
| Annual | $13,882 |
| Annual Per SF | $4.45 |
| Operating Expenses | |
|---|---|
| Annual | $17,291 |
| Annual Per SF | $5.54 |
| Total Expenses | |
|---|---|
| Annual | $31,173 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $38,754 |
| Annual Per SF | $12.42 |
Property Facts
| Price | $750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Size | 3,120 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.20% | No. Stories | 1 |
| Gross Rent Multiplier | 10.3 | Year Built | 1959 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | C1 - Commercial | ||
| Price | $750,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 5.20% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 3,120 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Opportunity Zone |
Yes |
| Zoning | C1 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,007 | 600 |
1 1
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1911 Flower St - 1911 Flower St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.