Quadplex with Updated Vacant
For Sale
$600,000
1304 Flower Street Unit AD, Bakersfield, CA 93305
R-3 property with four two-bedroom, one-bath residences and ductless systems near downtown Bakersfield.
Property Size3,432 SF
Price / SF$174.83
Days on Market155
Property Features for 1304 Flower Street Unit AD
General Information
Standard status
Active
Size
3,432 SF
Property subtype
Multi-Family
Zoning
R-3
Additional Details
Multifamily Units
8
Amenities
Ductless
Composition
Stucco, Wood Siding
Building Details
Year Built
1984
Buildings
2
Stories
1
Listing Agency:
BLVD Estate Properties
(818) 590-4173
Listed By:
Claudia Molina · License #01911267
(818) 590-4173
Source:
Compass
Added: Mar 30
Changed: Aug 31
Last Checked: Aug 30 at 11:46PM
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 BLVD Estate Properties
Investment Insights
Based on property information with market context.
This 3,432-square-foot quadplex, built in 1984, contains four two-bedroom, one-bath units. One residence is vacant and updated for occupancy. The property includes ductless systems and carries R-3 zoning. The address is 1304 Flower Street, Unit AD, Bakersfield, CA 93305.
The property is intended to be sold with neighboring 1300 Flower Street, another fourplex with two vacant updated units and two occupied units. Together, the properties represent an 8-unit offering. The location near downtown Bakersfield provides access to shopping, schools, restaurants, parks, and freeways. The combination of unit count, an updated vacant residence, and the adjacent fourplex creates a clearly defined multifamily offering.
The property is intended to be sold with neighboring 1300 Flower Street, another fourplex with two vacant updated units and two occupied units. Together, the properties represent an 8-unit offering. The location near downtown Bakersfield provides access to shopping, schools, restaurants, parks, and freeways. The combination of unit count, an updated vacant residence, and the adjacent fourplex creates a clearly defined multifamily offering.
Key Highlights
- Fourplex with four 2‑bedroom, 1‑bath units
- 3,432 square feet on a 1984‑built property
- ONE vacant and updated unit ready for occupancy
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
$44,476
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
7.41%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R-3 property with four two-bedroom, one-bath residences and ductless systems near downtown Bakersfield.
Where is this quadplex located?
The property is located at 1304 Flower Street Unit AD 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 2‑bedroom, 1‑bath units; 3,432 square feet on a 1984‑built property; ONE vacant and updated unit ready for occupancy
