Four-Unit Quadplex with Spacious
New
For Sale
$975,000
Pending
1001 Mira Loma Dr, Bakersfield, CA 93305
All four residences have four bedrooms, two bathrooms, and kitchens equipped with major appliances.
Property Size5,280 SF
Days on Market6
Property Features for 1001 Mira Loma Dr
General Information
Standard status
Pending
Size
5,280 SF
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
parking area
gated front yard
Building Details
Year Built
2024
Year Renovated
2024
Stories
1
Listing Agency:
Watson Realty
Listed By:
Royce Jennings · License #01959264
(661) 444-6232
Source:
Besthomesbakersfield
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 30 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Watson Realty
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Investment Insights
Based on property information with market context.
Rebuilt in 2024, this four-unit property has matching floor plans of more than 1,300 square feet. Each residence includes a large living room, a spacious kitchen with a refrigerator, microwave, dishwasher, and disposal, plus four bedrooms and two bathrooms upstairs. The units share a common layout and appliance package.
The property is in East Bakersfield, with freeway access and proximity to Old Kern. Site features include a parking area and a gated front yard.
The property is in East Bakersfield, with freeway access and proximity to Old Kern. Site features include a parking area and a gated front yard.
Key Highlights
- Four matching residences, each with a 1,300+ square‑foot floor plan
- Rebuilt in 2024
- Each unit has 4 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,424
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,368,480
$1.4M
Cap Rate 7%
$977,486
$977.5K
Cap Rate 9%
$760,267
$760.3K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$104.5K $19.80/SF
− Vacancy
−$6.8K −$1.29/SF
EGI
$97.7K $18.51/SF
− OpEx
−$29.3K −$5.55/SF
NOI
$68.4K $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 Rate 5%
$1,368,480
Cap Rate 7%
$977,486
Cap Rate 9%
$760,267
Alternative Uses
Best Use
Multifamily LT 5
$977.5K
$855.3K – $1.14M
NOI $68,424 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$907.8K
$794.4K – $1.06M
NOI $63,549 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,081 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,148
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four residences have four bedrooms, two bathrooms, and kitchens equipped with major appliances.
Where is this quadplex located?
The property is located at 1001 Mira Loma Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Four matching residences, each with a 1,300+ square‑foot floor plan; Rebuilt in 2024; Each unit has 4 bedrooms and 2 bathrooms
