Log In/Sign Up
Your email has been sent.
4320 Columbus st - 4320 Columbus Street 8 Unit Apartment Building Offered at $980,000 at a 6.76% Cap Rate Bakersfield, CA 93306
Investment Highlights
- Two 4-plex buildings on one parcel
- Private yard areas per unit
- On-site laundry room
- Located near Bakersfield College — strong, consistent rental demand
- Covered carport parking
- Central A/C (6 of 8 units replaced within last 6 years)
Executive Summary
Two well-maintained 4-plex buildings on one parcel..... 8 units, 100% occupied, and generating $8,960 a month in ACTUAL gross income right now! 4320 Columbus Street is a turnkey cash flow investment sitting in the desirable 93306 corridor near Bakersfield College — strong rental demand, quality tenants, and day one income with no lease-up required.
Here is what really gets me excited about this one..... current rents are BELOW market. Actual rents are running $1,050–$1,250 per unit against a market rate of $1,250–$1,300. As leases turn, you bring rents up without spending a dollar on improvements. That is built-in upside sitting there waiting for you at closing.
All 8 units are 2BD/1BA with private yard areas, covered carport parking, and a common area between buildings. On-site laundry room adds extra income and keeps tenants happy. 6 of the 8 central AC units are 6 years old or newer — low near-term cap ex on a critical system.
Strong cash flow, strong demand, strong market..... this one checks all the boxes! Call or text Phil at (805) 453-8353 or email phil@jordanapartmentguys.com. Rents are ACTUAL; expenses are PROJECTED. Drive-by only — do not disturb tenants. Subject to interior inspection.
Here is what really gets me excited about this one..... current rents are BELOW market. Actual rents are running $1,050–$1,250 per unit against a market rate of $1,250–$1,300. As leases turn, you bring rents up without spending a dollar on improvements. That is built-in upside sitting there waiting for you at closing.
All 8 units are 2BD/1BA with private yard areas, covered carport parking, and a common area between buildings. On-site laundry room adds extra income and keeps tenants happy. 6 of the 8 central AC units are 6 years old or newer — low near-term cap ex on a critical system.
Strong cash flow, strong demand, strong market..... this one checks all the boxes! Call or text Phil at (805) 453-8353 or email phil@jordanapartmentguys.com. Rents are ACTUAL; expenses are PROJECTED. Drive-by only — do not disturb tenants. Subject to interior inspection.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$107,520
|
$16.97
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,150
|
$0.34
|
| Effective Gross Income |
$105,370
|
$16.63
|
| Taxes |
$14,040
|
$2.22
|
| Operating Expenses |
$27,196
|
$4.29
|
| Total Expenses |
$41,236
|
$6.51
|
| Net Operating Income |
$64,134
|
$10.12
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $107,520 |
| Annual Per SF | $16.97 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,150 |
| Annual Per SF | $0.34 |
| Effective Gross Income | |
|---|---|
| Annual | $105,370 |
| Annual Per SF | $16.63 |
| Taxes | |
|---|---|
| Annual | $14,040 |
| Annual Per SF | $2.22 |
| Operating Expenses | |
|---|---|
| Annual | $27,196 |
| Annual Per SF | $4.29 |
| Total Expenses | |
|---|---|
| Annual | $41,236 |
| Annual Per SF | $6.51 |
| Net Operating Income | |
|---|---|
| Annual | $64,134 |
| Annual Per SF | $10.12 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Range
- Patio
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4320 Columbus st - 4320 Columbus Street
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.