16-Unit Apartment
For Sale
$1,744,000
1010 Beale Avenue, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size11,520 SF
Lot Size0.46 Acres
Price / SF$151.39
Days on Market104
Property Features for 1010 Beale Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Elementary school
Longfellow
Middle school
Washington
High school
Bakersfield
Subdivision
31
Standard status
Active
APN
01429020
Size
11,520 SF
Lot size
0.46 Acres
Amenities
onsite laundry facilities
gated community
Building Details
Year built
1986
Floors in Building
2
Number of units
16
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk · License #02223453
6613760575x1
Added: Jul 6
Changed: Oct 15
Last Checked: Oct 17 at 1:06PM
MLS# 202607270
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.
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Investment Insights
Based on property information with market context.
Located at 1010 Beale Avenue, this apartment property contains 16 two-bedroom, one-bathroom units across 11,520 square feet. The community occupies approximately 0.46 acres and includes gated access, onsite laundry facilities, and covered parking. Constructed in 1986, the property offers a consistent unit configuration focused on two-bedroom housing.
The asset is positioned near Downtown Bakersfield, schools, major employment centers, and transportation corridors. Its residential layout, shared amenities, and covered parking support a straightforward multifamily operating profile.
The asset is positioned near Downtown Bakersfield, schools, major employment centers, and transportation corridors. Its residential layout, shared amenities, and covered parking support a straightforward multifamily operating profile.
Key Highlights
- 16 units, each configured with 2 bedrooms and 1 bathroom
- 11,520‑square‑foot apartment property on approximately 0.46 acres
- Gated community with onsite laundry facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,652
Cap Rate
7.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,773,040
$2.8M
Cap Rate 7%
$1,980,743
$2.0M
Cap Rate 9%
$1,540,578
$1.5M
Market Conditions
NOI Build-Up for 11,520 SF
Gross rent
$268.2K $23.28/SF
− Vacancy
−$16.1K −$1.40/SF
EGI
$252.1K $21.88/SF
− OpEx
−$113.4K −$9.85/SF
NOI
$138.7K $12.04/SF
Area
Bakersfield, CA
Vacancy
6.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,773,040
Cap Rate 7%
$1,980,743
Cap Rate 9%
$1,540,578
Alternative Uses
Best Use
Apartment 5plus
$1.98M
$1.73M – $2.31M
NOI $138,652 @ 7.0% cap · market cap 7.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.67M – $3.57M
NOI $213,996 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
791
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?
Apartment building - Gated multifamily property with onsite laundry and covered parking.
Where is this apartment building located?
The property is located at 1010 Beale Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,744,000.
What are key features of this property?
This property features: 16 units, each configured with 2 bedrooms and 1 bathroom; 11,520‑square‑foot apartment property on approximately 0.46 acres; Gated community with onsite laundry facilities
