Single-Story
For Sale
$399,000
1300 Stockton, Bakersfield, CA 93305
Ground-level configuration supports separate residential occupancy and rental use.
Property Size1,712 SF
Days on Market57
Property Features for 1300 Stockton
General Information
Standard status
Active
Size
1,712 SF
Property subtype
Investment
Units
Unit Mix
2 x 2BR, 1 x 1BR
Multifamily Units
3
Building Details
Building Size
1,712 SF
Year Built
1939
Stories
1
Units
3
Listing Agency:
Century 21 Jervis & Associates
Listed By:
Yehia Zakaria · License #01943432
(562) 244-3897
Source:
Elliman
Added: Sep 1
Changed: Oct 27
Last Checked: Oct 26 at 4:50PM
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 Century 21 Jervis & Associates
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Investment Insights
Based on property information with market context.
This triplex contains three separate residential units arranged at ground level. The unit mix includes two two-bedroom residences and one one-bedroom house, providing a combination of larger and smaller floor plans within the property. Built in 1939, the asset is configured for multifamily ownership with distinct units that can support rental operations or an owner-occupied arrangement alongside additional residences.
The property is located at 1300 Stockton ST in Bakersfield, California 93305. Its single-story layout provides direct ground-level access to each residence and keeps the three-unit configuration within one compact multifamily property.
The property is located at 1300 Stockton ST in Bakersfield, California 93305. Its single-story layout provides direct ground-level access to each residence and keeps the three-unit configuration within one compact multifamily property.
Key Highlights
- Three‑unit multifamily property with distinct residences
- Unit mix includes two 2‑bedroom units and one 1‑bedroom house
- All units are located at ground level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,186
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,720
$443.7K
Cap Rate 7%
$316,943
$316.9K
Cap Rate 9%
$246,511
$246.5K
Market Conditions
NOI Build-Up for 1,712 SF
Gross rent
$33.9K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.7K $18.51/SF
− OpEx
−$9.5K −$5.55/SF
NOI
$22.2K $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%
$443,720
Cap Rate 7%
$316,943
Cap Rate 9%
$246,511
Alternative Uses
Best Use
Multifamily LT 5
$316.9K
$277.3K – $369.8K
NOI $22,186 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$294.4K
$257.6K – $343.4K
NOI $20,605 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,802 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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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?
Triplex - Ground-level configuration supports separate residential occupancy and rental use.
Where is this triplex located?
The property is located at 1300 Stockton Bakersfield, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three‑unit multifamily property with distinct residences; Unit mix includes two 2‑bedroom units and one 1‑bedroom house; All units are located at ground level
