Remodeled
New
For Sale
$725,000
1211 Alta Vista Drive, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size3,136 SF
Lot Size0.17 Acres
Price / SF$231.19
Days on Market5
Property Features for 1211 Alta Vista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Elementary school
Longfellow
Middle school
Washington
High school
Bakersfield
Elementary school district
Bakersfield City
Subdivision
31
Standard status
Active
APN
01406026
Size
3,136 SF
Lot size
0.17 Acres
Building Details
Year built
1971
Floors in Building
1
Number of units
4
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk · License #02223453
6613760575x1
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 2:06PM
MLS# 202609203
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,136-square-foot quadplex contains four two-bedroom, one-bathroom units. Each residence has been remodeled with fresh paint and luxury vinyl flooring, while washer and dryer hookups support in-unit laundry installation. New electrical and plumbing systems add to the property’s completed renovation scope. The building was constructed in 1971 and sits on a 0.173-acre lot. Carport parking is included.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,136 square feet on a 0.173‑acre lot
- Fresh paint and luxury vinyl flooring throughout the units
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
$40,640
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
5.61%
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%
$812,800
$812.8K
Cap Rate 7%
$580,571
$580.6K
Cap Rate 9%
$451,556
$451.6K
Market Conditions
NOI Build-Up for 3,136 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
$62.1K $19.80/SF
− Vacancy
−$4.0K −$1.29/SF
EGI
$58.1K $18.51/SF
− OpEx
−$17.4K −$5.55/SF
NOI
$40.6K $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%
$812,800
Cap Rate 7%
$580,571
Cap Rate 9%
$451,556
Alternative Uses
Best Use
Multifamily LT 5
$580.6K
$508.0K – $677.3K
NOI $40,640 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$539.2K
$471.8K – $629.1K
NOI $37,744 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$832.2K
$728.2K – $970.9K
NOI $58,254 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,097
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 - Updated residences feature two bedrooms, one bathroom, fresh finishes, and washer and dryer hookups.
Where is this quadplex located?
The property is located at 1211 Alta Vista Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,136 square feet on a 0.173‑acre lot; Fresh paint and luxury vinyl flooring throughout the units
