Updated Four-Unit
For Sale
$600,000
Pending
1300 Flower Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size3,432 SF
Lot Size0.17 Acres
Days on Market169
Property Features for 1300 Flower Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 7, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 8
Directions
Airport Dr,left onto Olive Dr,Follow N Chester Ave south,Turn left (East) onto Flower Street.
Subdivision
96 - Out of Area North
Standard status
Pending
APN
127-100-13
Size
3,432 SF
Lot size
0.17 Acres
Utilities
Heating system
Ductless (Heating)
Cooling system
Ductless
Building Details
Year built
1984
Number of units
4
Building materials
Stucco, Wood Siding
Roof type
Composition
Listing Agency:
BLVD Estate Properties
(818) 477-6464
Listed By:
Claudia Molina · License #01911267
(818) 590-4173
Added: May 1
Changed: Oct 8
Last Checked: Oct 16 at 7:06AM
MLS# 26003544
Copyright © 2026 Greater Antelope Valley 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.
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Investment Insights
Based on property information with market context.
The property at 1300 Flower Street is a 3,432-square-foot quadplex on 0.17 acres, completed in 1984 and arranged as four two-bedroom, one-bath residences. All four units are vacant and updated, providing a consistent condition profile across the building. Construction includes stucco and wood siding, with ductless heating and cooling and a composition roof. The property is zoned R-3.
Located in Bakersfield near downtown, the quadplex is positioned close to shopping, schools, restaurants, parks, and freeway access. The sale is intended to include the neighboring fourplex at 1304 Flower Street, which has one vacant unit and three occupied units, creating a combined eight-unit configuration across the two properties.
Located in Bakersfield near downtown, the quadplex is positioned close to shopping, schools, restaurants, parks, and freeway access. The sale is intended to include the neighboring fourplex at 1304 Flower Street, which has one vacant unit and three occupied units, creating a combined eight-unit configuration across the two properties.
Key Highlights
- Four 2‑bedroom, 1‑bath units
- All four units are vacant and updated
- 3,432 square feet on 0.17 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,476
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$889,520
$889.5K
Cap Rate 7%
$635,371
$635.4K
Cap Rate 9%
$494,178
$494.2K
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$68.0K $19.80/SF
− Vacancy
−$4.4K −$1.29/SF
EGI
$63.5K $18.51/SF
− OpEx
−$19.1K −$5.55/SF
NOI
$44.5K $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%
$889,520
Cap Rate 7%
$635,371
Cap Rate 9%
$494,178
Alternative Uses
Best Use
Multifamily LT 5
$635.4K
$556.0K – $741.3K
NOI $44,476 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$590.1K
$516.3K – $688.5K
NOI $41,307 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$910.8K
$796.9K – $1.06M
NOI $63,753 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
991
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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four vacant, renovated residences offer a ready-to-lease multifamily configuration in Bakersfield.
Where is this quadplex located?
The property is located at 1300 Flower Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units; All four units are vacant and updated; 3,432 square feet on 0.17 acres
