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MULTIFAMILY PROPERTY FOR SALE 330 Roberts Ln 18 Unit Apartment Building $1,997,000 ($110,944/Unit) 8.93% Cap Rate Bakersfield, CA 93308
INVESTMENT HIGHLIGHTS
- *HIGH TRAFFIC AND DEMAND OF RENTAL.
EXECUTIVE SUMMARY
This well-maintained 18-unit multifamily apartment complex offers a rare opportunity to acquire a stabilized income-producing asset in one of Bakersfield’s most dynamic rental corridors. Strategically located just minutes from downtown, major hospitals, universities, and a wide array of retail and dining destinations, the property benefits from strong tenant demand and consistent occupancy.
Each unit is individually metered for electricity and gas, allowing for streamlined utility management and reduced operating costs. The property’s proximity to Highway 99 and Highway 204 ensures excellent regional connectivity, making it highly attractive to commuting professionals and students alike.
Each unit is individually metered for electricity and gas, allowing for streamlined utility management and reduced operating costs. The property’s proximity to Highway 99 and Highway 204 ensures excellent regional connectivity, making it highly attractive to commuting professionals and students alike.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$204,431
|
$20.89
|
| Other Income |
$1,500
|
$0.15
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$205,931
|
$21.05
|
| Taxes |
$32,749
|
$3.35
|
| Operating Expenses |
$27,519
|
$2.81
|
| Total Expenses |
$60,268
|
$6.16
|
| Net Operating Income |
$145,663
|
$14.89
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $204,431 |
| Annual Per SF | $20.89 |
| Other Income | |
|---|---|
| Annual | $1,500 |
| Annual Per SF | $0.15 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $205,931 |
| Annual Per SF | $21.05 |
| Taxes | |
|---|---|
| Annual | $32,749 |
| Annual Per SF | $3.35 |
| Operating Expenses | |
|---|---|
| Annual | $27,519 |
| Annual Per SF | $2.81 |
| Total Expenses | |
|---|---|
| Annual | $60,268 |
| Annual Per SF | $6.16 |
| Net Operating Income | |
|---|---|
| Annual | $145,663 |
| Annual Per SF | $14.89 |
PROPERTY FACTS
| Price | $1,997,000 | Building Class | C |
| Price Per Unit | $110,944 | Lot Size | 0.68 AC |
| Sale Type | Investment | Building Size | 9,785 SF |
| Cap Rate | 8.93% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.7 | No. Stories | 2 |
| No. Units | 18 | Year Built/Renovated | 1982/2024 |
| Property Type | Multifamily | Parking Ratio | 4.09/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Townhome | ||
| Zoning | R-3 - Multi-family | ||
| Price | $1,997,000 |
| Price Per Unit | $110,944 |
| Sale Type | Investment |
| Cap Rate | 8.93% |
| Gross Rent Multiplier | 9.7 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 9,785 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1982/2024 |
| Parking Ratio | 4.09/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Multi-family |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Patio
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | - |
| 2+1 | 2 | - | - |
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PROPERTY TAXES
| Parcel Number | 114-080-11-00-6 | Total Assessment | $1,535,566 |
| Land Assessment | $151,752 | Annual Taxes | $32,749 ($3.35/SF) |
| Improvements Assessment | $1,383,814 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
114-080-11-00-6
Land Assessment
$151,752
Improvements Assessment
$1,383,814
Total Assessment
$1,535,566
Annual Taxes
$32,749 ($3.35/SF)
Tax Year
2025
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MULTIFAMILY PROPERTY FOR SALE | 330 Roberts Ln
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