4-Unit Multifamily
For Sale
$575,000
1303 Bernard, Bakersfield, CA 93305
Each residence has a practical kitchen, tiled floors, ceiling fans, and a secured, fenced exterior.
Property Size3,264 SF
Days on Market12
Property Features for 1303 Bernard
General Information
Standard status
Active
Size
3,264 SF
Property subtype
Investment
Building Details
Building Size
3,264 SF
Year Built
1981
Stories
2
Units
4
Listing Agency:
eXp Realty of Greater Los Angeles, Inc.
Listed By:
Veronica Alcazar · License #01254201
(661) 250-0710
Source:
Elliman
Added: Sep 28
Changed: Sep 30
Last Checked: Oct 7 at 1:48PM
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 eXp Realty of Greater Los Angeles, Inc.
Investment Insights
Based on property information with market context.
Built in 1981, this Bakersfield multifamily property contains four separate residences, each arranged with two bedrooms and one bathroom. Together, the units provide eight bedrooms and four bathrooms. Interior features include tile flooring, ceiling fans, natural light, and kitchens with ample cabinetry and counter space. Bathrooms have tub-and-shower combinations.
Three units are occupied, while the fourth is vacant. A secured fence surrounds the property, and each residence has convenient exterior access.
Three units are occupied, while the fourth is vacant. A secured fence surrounds the property, and each residence has convenient exterior access.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- Eight bedrooms and 4 bathrooms across the property
- Three units occupied; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,299
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,980
$846.0K
Cap Rate 7%
$604,271
$604.3K
Cap Rate 9%
$469,989
$470.0K
Market Conditions
NOI Build-Up for 3,264 SF
Gross rent
$64.6K $19.80/SF
− Vacancy
−$4.2K −$1.29/SF
EGI
$60.4K $18.51/SF
− OpEx
−$18.1K −$5.55/SF
NOI
$42.3K $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%
$845,980
Cap Rate 7%
$604,271
Cap Rate 9%
$469,989
Alternative Uses
Best Use
Multifamily LT 5
$604.3K
$528.7K – $705.0K
NOI $42,299 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$561.2K
$491.1K – $654.8K
NOI $39,285 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$866.2K
$757.9K – $1.01M
NOI $60,632 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
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
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a practical kitchen, tiled floors, ceiling fans, and a secured, fenced exterior.
Where is this quadplex located?
The property is located at 1303 Bernard Bakersfield, CA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; Eight bedrooms and 4 bathrooms across the property; Three units occupied; one unit vacant
