Four-Unit Multifamily
For Sale
Contact for pricing
1210 Oregon St, Bakersfield, CA 93305
Four-unit property with value-add potential and development opportunity.
Property Size2,046 SF
Price / SF$215.05
Days on Market112
Property Features for 1210 Oregon St
General Information
Standard status
Active
Size
2,046 SF
Total Parking Spaces
4
Property subtype
Multifamily
Zoning
R3
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$28,805
Building Details
Year Built
1954
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Vanguard Realty Investments , Inc
Listed By:
Esteban Contreras · License #01975384
Source:
Crexi
Added: May 12
Changed: Aug 19
Last Checked: Aug 31 at 1:05PM
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 Vanguard Realty Investments , Inc
Investment Insights
Based on property information with market context.
This four-unit multifamily property offers value-add potential. It features spacious one-bedroom, one-bath units. One unit has been fully renovated with new flooring and fresh paint. The remaining units offer upside through interior upgrades and rent growth. There is potential to add income by revitalizing the laundry area with new machines. The property is zoned R-3 with a base density of 6 units. With California's State Density Bonus Law (SB181) and AB1287 (2023), the site has a high-density potential from 8 up to 12 units (Buyer to verify). The property is located in Bakersfield, CA.
Key Highlights
- High‑density development potential: Zoned R‑3, eligible for density bonuses.
- Strong value‑add potential through renovation and rent growth.
- One unit is fully renovated and move‑in ready.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,514
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,280
$530.3K
Cap Rate 7%
$378,771
$378.8K
Cap Rate 9%
$294,600
$294.6K
Market Conditions
NOI Build-Up for 2,046 SF
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.
Gross rent
$40.5K $19.80/SF
− Vacancy
−$2.6K −$1.29/SF
EGI
$37.9K $18.51/SF
− OpEx
−$11.4K −$5.55/SF
NOI
$26.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$530,280
Cap Rate 7%
$378,771
Cap Rate 9%
$294,600
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.4K – $441.9K
NOI $26,514 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$542.9K
$475.1K – $633.4K
NOI $38,006 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
624
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit property with value-add potential and development opportunity.
Where is this quadplex located?
The property is located at 1210 Oregon St Bakersfield, CA.
What is the asking price?
The asking price for this property is $439,999.
What are key features of this property?
This property features: High‑density development potential: Zoned R‑3, eligible for density bonuses.; Strong value‑add potential through renovation and rent growth.; One unit is fully renovated and move‑in ready.
