Four-Unit Multifamily
1210 Oregon St Bakersfield, CA 93305
1210 Oregon St, Bakersfield, CA, 93305
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For Sale
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Four-unit property with value-add potential and development opportunity.
Property Size2,046 SF
Price / SF$219.94
Days on Market67
Property Features for 1210 Oregon St
General Information
- Standard status
- Active
- Size
- 2,046 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1954
Listing Agency
Vanguard Realty Investments , Inc
Listed by
Esteban Contreras · License #01975384
Source
Crexi
Added: May 12 Checked: Jul 16 at 6:25 am
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.
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 | $40.5k | $19.80 |
| − Vacancy | −$2.6k | −$1.29 |
| EGI | $37.9k | $18.51 |
| − OpEx | −$11.4k | −$5.55 |
| NOI | $26.5k | $12.96 |
2,046 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$378.8K
$331.4K – $441.9K
NOI $26,514 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$351.8K
$307.8K – $410.4K
NOI $24,625 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$542.9K
$475.1K – $633.4K
NOI $38,006 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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 $449,999.
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.
