4-Unit Residential
For Sale
$599,000
1316 E California Avenue, Bakersfield, CA 93307
Residential Income, Bakersfield, CA
Property Size3,932 SF
Lot Size0.20 Acres
Price / SF$152.34
Days on Market97
Property Features for 1316 E California Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Covered
Subdivision
Bakersfield
Elementary school
Owens, B. E.
High school
Mira Monte
Elementary school district
Bakersfield City
Standard status
Active
APN
01736010
Size
3,932 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Building Details
Year built
1986
Floors in Building
2
Number of units
4
Buildings
1
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Phil M Jordan
(805) 453-8353
Added: Jul 30
Changed: Oct 27
Last Checked: Nov 2 at 11:06PM
MLS# 202608217
Copyright © 2026 Golden Empire MLS, Inc. 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 3,932-square-foot quadplex contains four apartments, each configured with three bedrooms and one bathroom. The building dates to 1986 and occupies a 0.1986-acre lot. Central air conditioning and heating, washer and dryer hookups, tile flooring, dual-pane windows, and 100-amp electrical service serve the property. Covered parking is available.
Units C and D have granite countertops, updated appliances, and fresh paint. The roof is estimated to have been installed in 2016, and the air-conditioning units receive annual service.
Units C and D have granite countertops, updated appliances, and fresh paint. The roof is estimated to have been installed in 2016, and the air-conditioning units receive annual service.
Key Highlights
- Four apartments, each with 3 bedrooms and 1 bathroom
- 3,932 square feet on a 0.1986‑acre lot
- Units C and D updated with granite countertops, appliances, and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,029
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,580
$1.0M
Cap Rate 7%
$714,700
$714.7K
Cap Rate 9%
$555,878
$555.9K
Market Conditions
NOI Build-Up for 3,932 SF
Gross rent
$76.4K $19.44/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$71.5K $18.18/SF
− OpEx
−$21.4K −$5.45/SF
NOI
$50.0K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,580
Cap Rate 7%
$714,700
Cap Rate 9%
$555,878
Alternative Uses
Best Use
Multifamily LT 5
$714.7K
$625.4K – $833.8K
NOI $50,029 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$642.6K
$562.3K – $749.7K
NOI $44,981 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$971.6K
$850.1K – $1.13M
NOI $68,009 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four three-bedroom apartments feature central heating and cooling, with covered parking on site.
Where is this quadplex located?
The property is located at 1316 E California Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Four apartments, each with 3 bedrooms and 1 bathroom; 3,932 square feet on a 0.1986‑acre lot; Units C and D updated with granite countertops, appliances, and fresh paint
