Bakersfield Multifamily Investment
12119 Edison Highway, Bakersfield, CA 93307
MULTI_FAMILY - Bakersfield, CA
Property size:
2,397 SFLot size:
0.72 AcresPrice / SF:
$187/SF- Added:
- Nov 14, 2025
- Days on Market:
- 196
- Last Refresh:
- May 29 at 9:06 pm
Property Features for 12119 Edison Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Covered
- Standard status
- Active
- APN
- 17710006
- Size
- 2,397 SF
- Lot size
- 0.72 Acres
Building Details
- Year built
- 1942
- Floors in Building
- 1
- Number of units
- 5
Listing agent Moiz Lakdawala License #01881688 (661) 343-9719
Listing office Keller Williams Realty 8700 Stockdale Highway, Bakersfield, CA (661) 617-6500
Listing date Nov 14, 2025
MLS# 202512718
Listing URL
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully tenant‑occupied 5‑unit property generating just under $5,000/month in gross rents.
- Priced at $479,999.00.
- Gross scheduled income of $58,392 per year.
- Consistently high‑demand rental market.
- Features (1) 2 bed 1 bath house and (4) 1 bed 1 bath houses totaling approximately 2,397 sq. ft.
- Long term tenants and solid rental history.
Overview
Located in Bakersfield, California, this tenant-occupied 5-unit multifamily property presents an investment opportunity. The property, situated at 12119 Edison Hwy, generates just under $5,000 per month in gross rents. The property includes one 2-bedroom, 1-bathroom house and four 1-bedroom, 1-bathroom houses, totaling approximately 2,397 square feet on a 0.72-acre lot. Current rents range from $690 to $1,250, generating a gross scheduled income of $58,392 per year. The property has long-term tenants and a solid rental history. The property is located in a high-demand rental market.
Local Financial Insights For Apartment 5plus
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 | $52.9k | $22.08 |
| − Vacancy | −$3.1k | −$1.28 |
| EGI | $49.9k | $20.80 |
| − OpEx | −$22.4k | −$9.36 |
| NOI | $27.4k | $11.44 |
2,397 SF · lease $22.08/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,421 @ 7.0% cap · market cap 6.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.3K
$518.2K – $691.0K
NOI $41,459 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.869106
- Latitude
- 35.345902
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Tenant-occupied 5-unit property with strong cash flow and upside.
Where is this apartment building located?
The property is located at 12119 Edison Highway 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: Fully tenant‑occupied 5‑unit property generating just under $5,000/month in gross rents.; Priced at $479,999.00.; Gross scheduled income of $58,392 per year.
