Four-Unit Quadplex with Covered
New
For Sale
$699,000
5901 Auburn Oaks Drive, Bakersfield, CA 93306
Residential Income, Bakersfield, CA
Property Size4,015 SF
Lot Size0.10 Acres
Price / SF$174.10
Days on Market4
Property Features for 5901 Auburn Oaks Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered, Garage
Elementary school
Thorner, Juliet
Middle school
Chipman
High school
Highland
Subdivision
32
Standard status
Active
APN
43819006
Size
4,015 SF
Lot size
0.10 Acres
Amenities
indoor laundry
Building Details
Year built
1984
Floors in Building
1
Number of units
4
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Colby Spears
(661) 703-6707
Added: Sep 3
Last Checked: Sep 6 at 4:06AM
MLS# 202609533
Copyright © 2026 Golden Empire MLS, Inc. 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 4,015-square-foot quadplex contains four residential units, with each unit arranged as a two-bedroom, one-bathroom floor plan. Indoor laundry is provided in every unit, and the property includes both covered parking and garage parking. Constructed in 1984, the building occupies a 0.0981-acre lot.
The property is in Bakersfield near Fairfax Road and Highway 178. The City in the Hills shopping development is nearby, with shopping and dining in the surrounding area. Its position also provides access to the highway network.
The property is in Bakersfield near Fairfax Road and Highway 178. The City in the Hills shopping development is nearby, with shopping and dining in the surrounding area. Its position also provides access to the highway network.
Key Highlights
- Four‑unit quadplex with 4,015 square feet of property size
- Each unit includes 2 bedrooms, 1 bathroom, and indoor laundry
- Covered parking and garage parking are provided
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
$52,587
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
7.52%
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%
$1,051,740
$1.1M
Cap Rate 7%
$751,243
$751.2K
Cap Rate 9%
$584,300
$584.3K
Market Conditions
NOI Build-Up for 4,015 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
$79.5K $19.80/SF
− Vacancy
−$4.4K −$1.09/SF
EGI
$75.1K $18.71/SF
− OpEx
−$22.5K −$5.61/SF
NOI
$52.6K $13.10/SF
Area
ZIP 93306
Vacancy
5.50%
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%
$1,051,740
Cap Rate 7%
$751,243
Cap Rate 9%
$584,300
Alternative Uses
Best Use
Multifamily LT 5
$751.2K
$657.3K – $876.5K
NOI $52,587 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$674.7K
$590.4K – $787.1K
NOI $47,228 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$1.07M
$939.1K – $1.25M
NOI $75,125 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Explore this area
Business Placement
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units offer two-bedroom layouts, one bathroom, indoor laundry, and covered and garage parking.
Where is this quadplex located?
The property is located at 5901 Auburn Oaks Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4,015 square feet of property size; Each unit includes 2 bedrooms, 1 bathroom, and indoor laundry; Covered parking and garage parking are provided
