Mixed Multifamily Income
For Sale
Contact for pricing
1134 Lomita Dr, Bakersfield, CA 93307
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 Market196
Property Features for 1134 Lomita Dr
General Information
Standard status
Active
Size
4,142 SF
Property subtype
Multifamily
Zoning
R-S
Additional Details
Multifamily Units
6
Building Details
Year Built
1928
Stories
1
Units
6
Listing Agency:
Clemmer & Company Real Estate Services
Listed By:
Mark Clemmer · License #01994471
(661) 477-2310
Source:
Crexi
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 20 at 9:21PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,701
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,020
$1.1M
Cap Rate 7%
$752,871
$752.9K
Cap Rate 9%
$585,567
$585.6K
Market Conditions
NOI Build-Up for 4,142 SF
Gross rent
$80.5K $19.44/SF
− Vacancy
−$5.2K −$1.26/SF
EGI
$75.3K $18.18/SF
− OpEx
−$22.6K −$5.45/SF
NOI
$52.7K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,020
Cap Rate 7%
$752,871
Cap Rate 9%
$585,567
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 authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
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Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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
