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 Market158
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: Oct 6
Last Checked: Oct 14 at 9:40PM
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
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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 / Yr
$26,514
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
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
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 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.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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.
