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2212 Lake Street Fourplex 2212 Lake St 4 Unit Apartment Building $444,000 ($111,000/Unit) 5.91% Cap Rate Bakersfield, CA 93306
Investment Highlights
- Adjacent Fourplex Also Available – Opportunity to Acquire Up to 8 Units
- 75% Occupied with In-Place Income from Three Existing Tenants
- Four 1-Bedroom / 1-Bath Units – Approximately 532 SF Each
- Value-Add Opportunity with One Vacant Unit Ready for Improvements & Lease-Up
- Offered at $444,000 – Just $111,000 Per Unit
Executive Summary
Rare adjacent fourplex investment opportunity in Bakersfield. 2212 Lake Street consists of four 1-bedroom / 1-bath units totaling approximately 2,128 SF, with three units currently occupied and one vacant, providing in-place income with immediate value-add and lease-up potential.
The adjacent fourplex at 2208 Lake Street is also available for purchase, offering investors the opportunity to acquire up to eight units within the same immediate location. The properties may be purchased individually or together, making this an attractive opportunity for investors seeking scale, operational efficiency, and long-term portfolio growth.
2212 Lake Street is offered at $444,000, or $111,000 per unit. Current monthly rent is $2,550, with additional upside through stabilization. Please do not disturb tenants. Seller requests offers subject to interior inspection. Buyer to independently verify rents, expenses, property condition, zoning, and all underwriting assumptions.
The adjacent fourplex at 2208 Lake Street is also available for purchase, offering investors the opportunity to acquire up to eight units within the same immediate location. The properties may be purchased individually or together, making this an attractive opportunity for investors seeking scale, operational efficiency, and long-term portfolio growth.
2212 Lake Street is offered at $444,000, or $111,000 per unit. Current monthly rent is $2,550, with additional upside through stabilization. Please do not disturb tenants. Seller requests offers subject to interior inspection. Buyer to independently verify rents, expenses, property condition, zoning, and all underwriting assumptions.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $444,000 | Apartment Style | Garden |
| Price Per Unit | $111,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.91% | Building Size | 2,128 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1938 |
| Zoning | R-3 | ||
| Price | $444,000 |
| Price Per Unit | $111,000 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,128 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built | 1938 |
| Zoning | R-3 |
Amenities
Site Amenities
- Courtyard
- Fenced Lot
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 532 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 137-410-06-00-4 | Improvements Assessment | $203,100 (2026) |
| Land Assessment | $40,617 (2026) | Total Assessment | $243,717 (2026) |
Property Taxes
Parcel Number
137-410-06-00-4
Land Assessment
$40,617 (2026)
Improvements Assessment
$203,100 (2026)
Total Assessment
$243,717 (2026)
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