4-Unit Quadplex with Covered
For Sale
$629,000
1316 E California Avenue, Bakersfield, CA 93307
Residential Income, Bakersfield, CA
Property Size3,932 SF
Lot Size0.20 Acres
Price / SF$159.97
Days on Market32
Property Features for 1316 E California Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Covered
Elementary school
Owens, B. E.
High school
Mira Monte
Elementary school district
Bakersfield City
Subdivision
41
Standard status
Active
APN
01736010
Size
3,932 SF
Lot size
0.20 Acres
Amenities
central air/heating
washer/dryer hookups
tile floors
dual-pane windows
modern 100-Amp electric
Building Details
Year built
1986
Floors in Building
2
Number of units
4
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Phil M Jordan
(805) 453-8353
Added: Jul 30
Changed: Aug 26
Last Checked: Aug 30 at 7:06AM
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.
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Bakersfield contains 3,932 square feet and was built in 1986. Each residence offers three bedrooms and one bath, with central air and heating, washer/dryer hookups, tile flooring, and dual-pane windows. Covered parking is provided, along with 100-Amp electrical service. Air-conditioning equipment is serviced annually, and the roof is estimated to have been installed in 2016.
Units C and D have been updated with granite countertops, fresh paint, and newer appliances. Unit B is currently vacant and being offered for rent, while the remaining residences are occupied. The property is located at 1316 E California Avenue in Bakersfield’s Central/East Bakersfield area.
Units C and D have been updated with granite countertops, fresh paint, and newer appliances. Unit B is currently vacant and being offered for rent, while the remaining residences are occupied. The property is located at 1316 E California Avenue in Bakersfield’s Central/East Bakersfield area.
Key Highlights
- 3,932 SF multifamily property with four 3‑bedroom, 1‑bath units
- Units C and D remodeled with granite countertops, fresh paint, and updated appliances
- One vacant unit, Unit B, currently offered for rent
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
$50,029
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
7.95%
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%
$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
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
$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 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%
$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 7.95%
Second Best
Apartment 5plus
$642.6K
$562.3K – $749.7K
NOI $44,981 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$971.6K
$850.1K – $1.13M
NOI $68,009 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
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
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 - Central HVAC, washer/dryer hookups, tile flooring, and dual-pane windows serve all four three-bedroom residences.
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 $629,000.
What are key features of this property?
This property features: 3,932 SF multifamily property with four 3‑bedroom, 1‑bath units; Units C and D remodeled with granite countertops, fresh paint, and updated appliances; One vacant unit, Unit B, currently offered for rent
