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Plaza Towers and Annex 3015 Wilson Rd 200 Unit Apartment Building $9,500,000 ($47,500/Unit) 6.13% Cap Rate Bakersfield, CA 93304
Investment Highlights
- Unique 200 Unit Multifamily Repositioning Opportunity
- Delivered Fully Vacant for Immediate Renovation and Lease-Up
- Offered At Only $46,500 per Unit
Executive Summary
Plaza Towers presents a rare opportunity to acquire a 200-unit multifamily community consisting of a 12-story residential tower and adjacent 6-story annex in Bakersfield. Offered at $9,500,000 ($47,500/unit), the property features 126 one-bedroom units, 73 studios, and one two-bedroom unit totaling 135,472 SF. Long-term institutional ownership and significant investment in major building systems provide a solid foundation for future ownership, while the property's scale, centralized configuration, panoramic upper-floor views, gated access, elevators, on-site laundry, community areas, and covered and uncovered parking distinguish it within the Bakersfield multifamily market. Contact listing agents for the Offering Memorandum and additional information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $9,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $47,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.11 AC |
| Cap Rate | 6.13% | Building Size | 135,472 SF |
| Sale Condition | High Vacancy Property | No. Stories | 12 |
| Gross Rent Multiplier | 3.7 | Year Built | 1970 |
| No. Units | 200 | Parking Ratio | 0.33/1,000 SF |
| Property Type | Multifamily | Parcel Number | 023-500-23-00-9 |
| Property Subtype | Apartment | ||
| Zoning | C-2 | ||
| Price | $9,500,000 |
| Price Per Unit | $47,500 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 3.7 |
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 3.11 AC |
| Building Size | 135,472 SF |
| No. Stories | 12 |
| Year Built | 1970 |
| Parking Ratio | 0.33/1,000 SF |
| Zoning | C-2 |
| Parcel Number | 023-500-23-00-9 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
- Disposal Chutes
- Elevator
- Lounge
- Multi Use Room
- Key Fob Entry
- Backup Power / Generators
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 73 | - | - |
| 1+1 | 126 | - | - |
| 2+1 | 1 | - | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
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Videos
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Matterport 3D Tour
Photos
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Map
Contact the Sale Advisor
Plaza Towers and Annex | 3015 Wilson Rd