Updated Fourplex With Vacant
For Sale
$600,000
Pending
1304 Flower Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size3,432 SF
Lot Size0.17 Acres
Days on Market169
Property Features for 1304 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
127-100-14
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 6:06AM
MLS# 26003543
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.
This 1984 fourplex contains 3,432 square feet across four two-bedroom, one-bath residences. Two units are vacant and updated, while the remaining units are occupied. The property has stucco and wood siding, a composition roof, and ductless heating and cooling. R-3 zoning supports its multifamily configuration.
The property occupies approximately 0.17 acres at 1304 Flower Street in Bakersfield, California. It is offered together with the neighboring fourplex at 1300 Flower Street, creating a combined eight-unit offering with additional vacant and updated residences. The two properties are positioned near downtown Bakersfield, with shopping, schools, restaurants, parks, and freeway access identified in the surrounding area.
The property occupies approximately 0.17 acres at 1304 Flower Street in Bakersfield, California. It is offered together with the neighboring fourplex at 1300 Flower Street, creating a combined eight-unit offering with additional vacant and updated residences. The two properties are positioned near downtown Bakersfield, with shopping, schools, restaurants, parks, and freeway access identified in the surrounding area.
Key Highlights
- Fourplex with four two‑bedroom, one‑bath units
- 3,432 square feet on approximately 0.17 acres
- Two vacant and updated units
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
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential income property with updated vacancies and potential owner-occupant flexibility in Bakersfield.
Where is this quadplex located?
The property is located at 1304 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: Fourplex with four two‑bedroom, one‑bath units; 3,432 square feet on approximately 0.17 acres; Two vacant and updated units
