1308 Flower Street, Bakersfield, CA 93305
MULTI_FAMILY - Bakersfield, CA
- Added:
- Jun 11, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 22 at 4:06 pm
Property Features for 1308 Flower Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2
- Standard status
- Active
- APN
- 127-100-15
- Size
- 3,432 SF
- Lot size
- 0.17 Acres
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1984
- Number of units
- 4
- Building materials
- Stucco, Wood Siding, Shingle Siding
Listing agent Josefina Sarabia License #02182128 (424) 395-4841
Listing office Luxury Collective 11829 Ventura Blvd, Sherman Oaks, CA (424) 395-4841
Listing date Jun 11, 2026
Copyright © 2026 Greater Antelope Valley 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.
HighLights
- Four‑unit apartment building with four 2‑bedroom, 1‑bath units
- Approximately 3,442 SF of living space
- Central air conditioning
- Washer/dryer hookups in units
- Construction materials include stucco, wood siding, and shingle siding
- Built in 1984
Overview
Located at 1308 Flower Street in Bakersfield, the property sits on approximately 0.17 acres and is positioned to serve household needs within the surrounding area. The listing notes convenient access to schools, shopping, dining, medical facilities, and major commuter routes, which can simplify tenant routines and day-to-day logistics.
For buyers seeking a multi-family asset, this building provides a compact fourplex configuration with consistent unit mix across all residences. With multiple units under one roof, it can be an efficient setup for owner-operators or investors looking to manage an income-producing property. The combination of washer/dryer hookups, parking on-site, and repeatable unit layouts may appeal to tenants who value practical in-home convenience and reliable day-to-day access.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.0k | $19.80 |
| − Vacancy | −$4.4k | −$1.29 |
| EGI | $63.5k | $18.51 |
| − OpEx | −$19.1k | −$5.55 |
| NOI | $44.5k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.979646
- Latitude
- 35.384212
