5-Unit Apartment
For Sale
Under Contract
$379,999
12119 Edison Hwy, Bakersfield, CA 93307
Bakersfield, CA
Property Size2,397 SF
Lot Size0.72 Acres
Price / SF$158.53
Days on Market119
Property Features for 12119 Edison Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 5, Laundry Room
Lot features
Lot 20000-39999 Sqft
Elementary school district
Kern Union
Middle school district
Kern Union
High school district
Kern Union
Directions
From CA 138 W Turn Left onto Pearblossom Hwy, right CA 14 N, exit 45 for Avenue H, left onto W Avenue H, right onto 30th St, right onto W Ave G, take CA 14 N, left onto CA 58 W, exit 121 Comanche Dr toward Edion, Turn right, Left onto Edison Hwy.
Subdivision
BKSF - Bakersfield
Standard status
Active Under Contract
APN
17710006006
Size
2,397 SF
Lot size
0.72 Acres
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1942
Floors in Building
1
Number of units
5
Listing Agency:
KW College Park · Keller Williams Realty
(909) 625-8400
Listed By:
Sameena Ali · License #02231188
(909) 436-6228
Added: Jun 8
Changed: Sep 29
Last Checked: Oct 4 at 6:06AM
MLS# TR26125165
Copyright © 2026 California Regional Multiple Listing Service, 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 apartment property contains five separate residential units within approximately 2,397 square feet. The unit mix includes one two-bedroom, one-bath residence and four one-bedroom, one-bath residences. Each unit has its own meter, and cooling is provided by wall/window or window units.
The property occupies 0.7249 acres and was built in 1942. Public water and public sewer serve the site, with access to major roads providing connectivity to the surrounding area. The recorded room count includes five bedrooms and five bathrooms, along with a laundry room.
The property occupies 0.7249 acres and was built in 1942. Public water and public sewer serve the site, with access to major roads providing connectivity to the surrounding area. The recorded room count includes five bedrooms and five bathrooms, along with a laundry room.
Key Highlights
- Five units: one 2‑bed/1‑bath home plus four 1‑bed/1‑bath units
- Approximately 2,397 square feet of building area
- 0.7249‑acre parcel
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
$27,421
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
7.22%
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%
$548,420
$548.4K
Cap Rate 7%
$391,729
$391.7K
Cap Rate 9%
$304,678
$304.7K
Market Conditions
NOI Build-Up for 2,397 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
$52.9K $22.08/SF
− Vacancy
−$3.1K −$1.28/SF
EGI
$49.9K $20.80/SF
− OpEx
−$22.4K −$9.36/SF
NOI
$27.4K $11.44/SF
Area
ZIP 93307
Vacancy
5.80%
Lease Rate
$22.08 /SF/Yr
Expense Ratio
45.00%
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%
$548,420
Cap Rate 7%
$391,729
Cap Rate 9%
$304,678
Alternative Uses
Best Use
Apartment 5plus
$391.7K
$342.8K – $457.0K
NOI $27,421 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$592.3K
$518.2K – $691.0K
NOI $41,459 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five separately metered units provide a varied residential configuration on a sizable parcel.
Where is this apartment building located?
The property is located at 12119 Edison Hwy Bakersfield, CA.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: Five units: one 2‑bed/1‑bath home plus four 1‑bed/1‑bath units; Approximately 2,397 square feet of building area; 0.7249‑acre parcel
