Four-Unit Apartment
For Sale
$585,000
1308 Flower Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size3,432 SF
Lot Size0.17 Acres
Price / SF$170.45
Days on Market121
Property Features for 1308 Flower Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
2
Rooms
Bedroom 1, Bedroom 2
Directions
From the 178 Freeway, exit on Haley Street and head South to Flower Street. Right on Flower street, property is on right hand side of street just past the market. 3rd building from gated entrance.
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
127-100-15
Size
3,432 SF
Lot size
0.17 Acres
Utilities
Cooling system
Central Air
Amenities
washer/dryer hookups
Building Details
Year built
1984
Number of units
4
Building materials
Stucco, Wood Siding, Shingle Siding
Listing Agency:
Luxury Collective
(424) 395-4841
Listed By:
Josefina Sarabia · License #02182128
(818) 233-5211
Added: Jun 11
Changed: Sep 12
Last Checked: Oct 9 at 6:06AM
MLS# 26004682
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.
Investment Insights
Based on property information with market context.
Built in 1984, this four-unit apartment property contains four two-bedroom, one-bath residences. The unit layouts provide a consistent configuration across the building, with central air and washer/dryer hookups serving the apartments. On-site parking is also included.
The property occupies 0.17 acres in Bakersfield and is zoned R-3. Its location provides access to schools, shopping, dining, medical facilities, and major commuter routes. The building exterior incorporates stucco, wood siding, and shingle siding.
The property occupies 0.17 acres in Bakersfield and is zoned R-3. Its location provides access to schools, shopping, dining, medical facilities, and major commuter routes. The building exterior incorporates stucco, wood siding, and shingle siding.
Key Highlights
- Four apartment units, each with 2 bedrooms and 1 bath
- 0.17‑acre parcel in Bakersfield
- 3,432 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,476
Cap Rate
7.60%
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 7.60%
Second Best
Apartment 5plus
$590.1K
$516.3K – $688.5K
NOI $41,307 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$910.8K
$796.9K – $1.06M
NOI $63,753 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
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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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments with on-site parking, central air, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 1308 Flower Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Four apartment units, each with 2 bedrooms and 1 bath; 0.17‑acre parcel in Bakersfield; 3,432 square feet of property size
