10-Unit Apartment
For Sale
$1,060,000
1018 Miller St, Bakersfield, CA 93305
Uniform one-bedroom, one-bathroom apartments offer a consistent configuration for management and leasing.
Property Size3,808 SF
Price / SF$278.36
Days on Market67
Property Features for 1018 Miller St
General Information
Standard status
Active
Size
3,808 SF
Property subtype
Residential Income
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Listing Agency:
Central Valley Property Advisors
Listed By:
Eric VanDenk · License #02071696
(661) 376-0575
Source:
Exprealty
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 15 at 1:39AM
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 Central Valley Property Advisors
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Investment Insights
Based on property information with market context.
This apartment property at 1018 Miller St in Bakersfield comprises 10 units with a consistent one-bedroom, one-bathroom layout throughout. The uniform configuration creates a straightforward physical profile for ongoing management and maintenance.
The property is positioned in Bakersfield, California, within the Central Valley. Its all-one-bedroom unit mix provides a clearly defined residential offering for the local rental market.
The property is positioned in Bakersfield, California, within the Central Valley. Its all-one-bedroom unit mix provides a clearly defined residential offering for the local rental market.
Key Highlights
- 10‑unit apartment property in Bakersfield, CA
- All units feature a one‑bedroom, one‑bathroom layout
- Uniform floor plan across the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,832
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,640
$916.6K
Cap Rate 7%
$654,743
$654.7K
Cap Rate 9%
$509,244
$509.2K
Market Conditions
NOI Build-Up for 3,808 SF
Gross rent
$88.7K $23.28/SF
− Vacancy
−$5.3K −$1.40/SF
EGI
$83.3K $21.88/SF
− OpEx
−$37.5K −$9.85/SF
NOI
$45.8K $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%
$916,640
Cap Rate 7%
$654,743
Cap Rate 9%
$509,244
Alternative Uses
Best Use
Apartment 5plus
$654.7K
$572.9K – $763.9K
NOI $45,832 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$884.2K – $1.18M
NOI $70,737 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
813
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
Check the figures for this property
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 - Uniform one-bedroom, one-bathroom apartments offer a consistent configuration for management and leasing.
Where is this apartment building located?
The property is located at 1018 Miller St Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: 10‑unit apartment property in Bakersfield, CA; All units feature a one‑bedroom, one‑bathroom layout; Uniform floor plan across the property
