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338 Norris Rd Apartment Building Offered at $525,000 at a 8.69% Cap Rate Bakersfield, CA 93308
INVESTMENT HIGHLIGHTS
- Strong in-place income: $4,750 per month
- Four-unit mixed use asset including 3 residential units and 1 street-facing commercial unit
- 100 percent occupancy with stable rent roll
- Strong rent demand in the submarket supports both long-term appreciation and operational stability
EXECUTIVE SUMMARY
Mixed use property with 3 residential units and 1 commercial unit generating $4,750 per month. Two units recently renovated. Please do not disturb tenants. Showings available once terms are agreed upon. Buyer to verify all rents, expenses, unit counts and zoning. Financials and rent roll available upon request. Seller is motivated and open to quick close, low contingency offers as he has identified another investment opportunity and prefers to free up capital. Listing agent is a licensed real estate broker.
FINANCIAL SUMMARY (PRO FORMA - 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 (PRO FORMA - 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
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
1 1
Walk Score®
Very Walkable (73)
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338 Norris Rd
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