Mixed Multifamily Income
1134 Lomita Dr Bakersfield, CA 93307
1134 Lomita Dr, Bakersfield, CA, 93307
Contact for pricing
For Sale
Contact for pricing
Income property includes a triplex plus detached one-bedroom and studio units on over one acre with yard space.
Property Size4,142 SF
Price / SF$188.31
Days on Market105
Property Features for 1134 Lomita Dr
General Information
- Standard status
- Active
- Size
- 4,142 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1928
Listing agency
Clemmer & Company Real Estate Services
(661) 477-2310
Listed by
Mark Clemmer · License #01994471
Source
Crexi
Added: Apr 10 Updated: Jul 23 at 1:49AM Checked: Jul 23 at 1:49AM
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 Clemmer & Company Real Estate Services
Investment Insights
Based on property information with market context.
This income-producing property for sale in Bakersfield includes multiple residential units: a 3-bedroom, 2-bath home, a triplex with three 2-bedroom, 1-bath units, a standalone one-bedroom apartment, and a separate studio apartment. The offering is designed to provide a mix of unit types within a single property footprint.
The property sits on over one acre and includes yard space that remains available. Current total rents are stated as $4,500 per month and described as below market value, with the opportunity for additional rent growth mentioned in the remarks.
As configured, the property provides five total rental units plus the additional 3-bedroom home within one over-one-acre parcel.
The property sits on over one acre and includes yard space that remains available. Current total rents are stated as $4,500 per month and described as below market value, with the opportunity for additional rent growth mentioned in the remarks.
As configured, the property provides five total rental units plus the additional 3-bedroom home within one over-one-acre parcel.
Key Highlights
- Income‑producing property built in 1928 in Bakersfield
- Includes a 3 bed, 2 bath home plus a triplex, detached 1‑bedroom apartment, and studio apartment
- Triplex features three 2 bed, 1 bath units
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 | $80.5k | $19.44 |
| − Vacancy | −$5.2k | −$1.26 |
| EGI | $75.3k | $18.18 |
| − OpEx | −$22.6k | −$5.45 |
| NOI | $52.7k | $12.72 |
4,142 SF · lease $19.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$752.9K
$658.8K – $878.4K
NOI $52,701 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$676.9K
$592.3K – $789.7K
NOI $47,383 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$1.02M
$895.5K – $1.19M
NOI $71,641 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Income property includes a triplex plus detached one-bedroom and studio units on over one acre with yard space.
Where is this apartment building located?
The property is located at 1134 Lomita Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Income‑producing property built in 1928 in Bakersfield; Includes a 3 bed, 2 bath home plus a triplex, detached 1‑bedroom apartment, and studio apartment; Triplex features three 2 bed, 1 bath units
