Four-Unit Multifamily
For Sale
$439,999
1210 Oregon Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size2,046 SF
Lot Size0.17 Acres
Price / SF$215.05
Days on Market115
Property Features for 1210 Oregon Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Elementary school
Jefferson_Bak
High school
East
Subdivision
31
Standard status
Active
APN
01510014
Size
2,046 SF
Lot size
0.17 Acres
Building Details
Year built
1954
Floors in Building
1
Number of units
4
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Esteban Contreras · License #CA01975384
(661) 617-0074
Added: May 1
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 202604769
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit multifamily property includes spacious one-bedroom, one-bath units. The units are supported by recent capital work, including a two-year roof certification, electrical maintenance repairs completed throughout the property, and plumbing repairs completed. One unit has been updated with new flooring and fresh paint, while the remaining units offer opportunities for future interior improvements.
The property includes an on-site laundry area, which may support additional income with new machines. A bonus development opportunity is noted with the property zoned R-3, with a base density of 6 units and potential for approximately 8–12 units under applicable California density bonus programs; development potential should be verified by the buyer.
The property is listed for sale and sits on a 0.17-acre lot.
The property includes an on-site laundry area, which may support additional income with new machines. A bonus development opportunity is noted with the property zoned R-3, with a base density of 6 units and potential for approximately 8–12 units under applicable California density bonus programs; development potential should be verified by the buyer.
The property is listed for sale and sits on a 0.17-acre lot.
Key Highlights
- Four‑unit multifamily property built in 1954
- Spacious 1‑bedroom, 1‑bath units
- One unit updated with new flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,280
$530.3K
Cap Rate 7%
$378,771
$378.8K
Cap Rate 9%
$294,600
$294.6K
Market Conditions
NOI Build-Up for 2,046 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.5K $19.80/SF
− Vacancy
−$2.6K −$1.29/SF
EGI
$37.9K $18.51/SF
− OpEx
−$11.4K −$5.55/SF
NOI
$26.5K $12.96/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,280
Cap Rate 7%
$378,771
Cap Rate 9%
$294,600
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.4K – $441.9K
NOI $26,514 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$542.9K
$475.1K – $633.4K
NOI $38,006 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four spacious one-bedroom, one-bath units with an on-site laundry area and recent roof, electrical, and plumbing repairs.
Where is this quadplex located?
The property is located at 1210 Oregon Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: Four‑unit multifamily property built in 1954; Spacious 1‑bedroom, 1‑bath units; One unit updated with new flooring and fresh paint
