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Jasmine Parke Apartments 8400 White Rock Dr 80 Unit Apartment Building $23,000,000 ($287,500/Unit) 5.28% Cap Rate Bakersfield, CA 93312
Investment Highlights
- One of the most desirable apartment communities in Bakersfield and the Central Valley
- A plus location that resides between SW and NW Bakersfield. Close to all major shopping and CSUB
- Quality construction of 2 and 3 bedroom units with attached 2 car-garages for each unit
Executive Summary
The offering consists of the 20 fourplex buildings (80 units – on 20 individual parcel lots) retained by the developer for his personal investment portfolio. An additional 20 fourplex buildings within the community are individually owned by private investors, further validating the long-term desirability and investment strength of the project.
Each fourplex is comprised of two 3-bedroom/2-bath units averaging approximately 1,400 square feet and two 2-bedroom/2-bath units averaging approximately 1,120 square feet. All units aresingle-story and feature attached two-car garages with direct
interior access. Unit amenities include in-unit laundry, fireplaces, dishwashers, microwaves, walk-in closets, 10-foot ceilings, and covered patios—features far more commonly associated with single-family homes than traditional multifamily housing.
Residents also benefit from an extensive amenity package rarely found in fourplex communities, including a gated entrance,
professionally staffed leasing office, clubhouse with kitchen facilities, swimming pool, spa, fitness center, and private
community park. The property is maintained to an exceptionally high standard through an HOA structure that preserves the
integrity and appearance of the community while enhancing long-term asset value.
Each fourplex is comprised of two 3-bedroom/2-bath units averaging approximately 1,400 square feet and two 2-bedroom/2-bath units averaging approximately 1,120 square feet. All units aresingle-story and feature attached two-car garages with direct
interior access. Unit amenities include in-unit laundry, fireplaces, dishwashers, microwaves, walk-in closets, 10-foot ceilings, and covered patios—features far more commonly associated with single-family homes than traditional multifamily housing.
Residents also benefit from an extensive amenity package rarely found in fourplex communities, including a gated entrance,
professionally staffed leasing office, clubhouse with kitchen facilities, swimming pool, spa, fitness center, and private
community park. The property is maintained to an exceptionally high standard through an HOA structure that preserves the
integrity and appearance of the community while enhancing long-term asset value.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,066,036
|
$8.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$851,969
|
$3.67
|
| Net Operating Income |
$1,214,067
|
$5.23
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,066,036 |
| Annual Per SF | $8.90 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $851,969 |
| Annual Per SF | $3.67 |
| Net Operating Income | |
|---|---|
| Annual | $1,214,067 |
| Annual Per SF | $5.23 |
Property Facts
| Price | $23,000,000 | Apartment Style | Garden |
| Price Per Unit | $287,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 17.68 AC |
| Cap Rate | 5.28% | Building Size | 100,800 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 80 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2006 |
| Property Subtype | Apartment | Parking Ratio | 0.4/1,000 SF |
| Zoning | R-1 - R3 | ||
| Price | $23,000,000 |
| Price Per Unit | $287,500 |
| Sale Type | Investment |
| Cap Rate | 5.28% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 17.68 AC |
| Building Size | 100,800 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2006 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R-1 - R3 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Ice Maker
- Refrigerator
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Clubhouse
- Fitness Center
- Pool
- Spa
- Gated
- Breakfast/Coffee Concierge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 40 | $1,950 | 1,120 |
| 3+2 | 40 | $2,250 | 1,400 |
1 1
Fairly walkable
40/100
Very drivable
80/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $703,580 (2025) | |
| Land Assessment | $189,425 (2025) | Total Assessment | $893,005 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$189,425 (2025)
Improvements Assessment
$703,580 (2025)
Total Assessment
$893,005 (2025)
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Jasmine Parke Apartments | 8400 White Rock Dr
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