931 Monterey Street Bakersfield, CA 93305
MULTI_FAMILY - Bakersfield, CA
Property Features for 931 Monterey Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Covered
- Standard status
- Active
- APN
- 01536006
- Size
- 5,280 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 2024
- Floors in Building
- 2
- Number of units
- 4
Listing agent Royce Jennings License #01959264 (661) 444-6232
Listing office Watson Realty 9101 Camino Media, Bakersfield, CA (661) 327-5161
Listing date Apr 6, 2026
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.
The property includes a dedicated parking area and a gated front yard. The site size is listed at 0.17 acres, and the overall property size is 5,280 square feet. The location is described as convenient to freeway access and the amenities associated with Old Kern.
For buyers, this is a straightforward 4-plex structure built around repeated unit consistency, which can simplify leasing and ongoing management. With identical bedroom and bathroom count per unit, along with similarly equipped kitchens, the property supports tenants seeking a comfortable, functional home layout. As a for-sale residential income property, it may fit investors or owner-operators looking for a recently rebuilt multifamily asset with clear unit finishes and arrangement as described in the listing.
Key Highlights
- Newly Re‑built in 2024
- 4‑Plex Investment Property
- Spacious Units: 1300 sq ft+ floor plan
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 | $104.5k | $19.80 |
| − Vacancy | −$6.8k | −$1.29 |
| EGI | $97.7k | $18.51 |
| − OpEx | −$29.3k | −$5.55 |
| NOI | $68.4k | $12.96 |
