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600 S Real Rd 8 Unit Apartment Building $960,000 ($120,000/Unit) 6.56% Cap Rate Bakersfield, CA 93309
Executive Summary
Located at 600 S Real Rd in Bakersfield, CA 93309, this 8-unit multifamily asset features a uniform floor plan of 2-bedroom, 1-bathroom units, offering operational simplicity and strong tenant appeal. The property currently generates gross annual income in excess of $104,000, reflecting consistent, in-place cash flow from a fully uniform unit mix. Bakersfield's steady rental demand, supported by its diverse local economy and affordability relative to coastal California markets, positions the property for continued occupancy strength and upside potential through future rent growth or value-add improvements. With a consistent unit mix simplifying maintenance and management, 600 S Real Rd presents an attractive opportunity for investors seeking a well-positioned, income-producing multifamily asset in a growing Central Valley submarket.
Financial Summary (Actual - 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 (Actual - 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
| Price | $960,000 | Apartment Style | Low-Rise |
| Price Per Unit | $120,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.56% | Building Size | 6,534 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $960,000 |
| Price Per Unit | $120,000 |
| Sale Type | Investment |
| Cap Rate | 6.56% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,534 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Zoning | R3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 149-250-02-00-3 | Improvements Assessment | $894,744 |
| Land Assessment | $135,252 | Total Assessment | $1,029,996 |
Property Taxes
Parcel Number
149-250-02-00-3
Land Assessment
$135,252
Improvements Assessment
$894,744
Total Assessment
$1,029,996
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