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2740 Center St 3 Unit Apartment Building Offered at $349,500 at a 6% Cap Rate Bakersfield, CA 93306
Investment Highlights
- large spacious lot
- 2 of the homes have been remodeled/upgraded in the last 2 years.
- each tenant has their individual yard
Executive Summary
3 detached homes with their own yard areas in good condition on a large R-2 CORNER lot!
Front #A ...2/1 house, with central AC, has long-term tenant paying $942-pays like clockwork.
Unit #B was fully rehabbed in 2024 and rented to current tenant-- $1350 rent: $1250 by govt agency, $100 by tenant.
Unit #C was built in year 2000 is a 1bedroom + extra room/1bath newly rehabbed September 2025, has central AC, and asking rent $995.
All units have individual washer/dryer connections, and pay their own GAS/ELECTRIC bills. Owner pays the water bill. Some repairs on exterior may be needed - priced accordingly. Listing agent is owner.
Electric panels are modern and should pass insurance requirements with flying colors!
Front #A ...2/1 house, with central AC, has long-term tenant paying $942-pays like clockwork.
Unit #B was fully rehabbed in 2024 and rented to current tenant-- $1350 rent: $1250 by govt agency, $100 by tenant.
Unit #C was built in year 2000 is a 1bedroom + extra room/1bath newly rehabbed September 2025, has central AC, and asking rent $995.
All units have individual washer/dryer connections, and pay their own GAS/ELECTRIC bills. Owner pays the water bill. Some repairs on exterior may be needed - priced accordingly. Listing agent is owner.
Electric panels are modern and should pass insurance requirements with flying colors!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$39,444
|
$20.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,444
|
$20.48
|
| Taxes |
$6,963
|
$3.62
|
| Operating Expenses |
$11,241
|
$5.84
|
| Total Expenses |
$18,204
|
$9.45
|
| Net Operating Income |
$21,240
|
$11.03
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $39,444 |
| Annual Per SF | $20.48 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,444 |
| Annual Per SF | $20.48 |
| Taxes | |
|---|---|
| Annual | $6,963 |
| Annual Per SF | $3.62 |
| Operating Expenses | |
|---|---|
| Annual | $11,241 |
| Annual Per SF | $5.84 |
| Total Expenses | |
|---|---|
| Annual | $18,204 |
| Annual Per SF | $9.45 |
| Net Operating Income | |
|---|---|
| Annual | $21,240 |
| Annual Per SF | $11.03 |
Property Facts
| Price | $349,500 | Property Type | Multifamily |
| Price Per Unit | $116,500 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 1,926 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Gross Rent Multiplier | 8.9 | Year Built/Renovated | 1926/2024 |
| No. Units | 3 | ||
| Zoning | R-2 - R-2 Multi Family | ||
| Price | $349,500 |
| Price Per Unit | $116,500 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 8.9 |
| No. Units | 3 |
| Property Type | Multifamily |
| Lot Size | 0.25 AC |
| Building Size | 1,926 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1926/2024 |
| Zoning | R-2 - R-2 Multi Family |
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,292 | 1,544 |
| 1+1 | 1 | $995.00 | 582 |
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2740 Center St
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