Four-Unit Apartment
1316 Flower Street, Bakersfield, CA 93305
For Sale
$590,000
Residential Income, Bakersfield, CA
Property Size3,432 SF
Lot Size0.17 Acres
Price / SF$171.91
Days on Market104
Property Features for 1316 Flower Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Utilities
Cooling system
Building Details
Year built
Number of units
Building materials
Buildings
Listing Agency:
Jason Bruce, Broker
Listed By:
Jason P Bruce · License CA #01747299
(661) 317-2843
Added: Jul 31
Changed: Nov 6
Last Checked: Nov 11 at 12:06AM
MLS# 26006136
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 3,432-square-foot quadplex, built in 1984, contains four two-bedroom, one-bathroom apartments. Interior features include new wood and tile flooring, granite countertops, electric stoves, dishwashers, ceiling fans, new A/C units, and new water heaters. Each residence also has washer-dryer hookups. The property uses concrete, frame, stucco, wood siding, and shingle siding construction materials, with central air conditioning throughout.
Situated at 1316 Flower Street in Bakersfield, the property occupies 0.17 acres and includes a gated lot with open parking. Shopping, restaurants, public transportation, and downtown Bakersfield are identified in the surrounding area. Three units are occupied, while a new tenant is expected for the remaining unit. The property is zoned R-3.
Situated at 1316 Flower Street in Bakersfield, the property occupies 0.17 acres and includes a gated lot with open parking. Shopping, restaurants, public transportation, and downtown Bakersfield are identified in the surrounding area. Three units are occupied, while a new tenant is expected for the remaining unit. The property is zoned R-3.
Key Highlights
- Four apartment units, each with 2 bedrooms and 1 bathroom
- 3,432 square feet on a 0.17‑acre lot
- Three units occupied; one new tenant expected
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,476
Cap Rate
7.54%
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 7.54%
Second Best
Apartment 5plus
$590.1K
$516.3K – $688.5K
NOI $41,307 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$910.8K
$796.9K – $1.06M
NOI $63,753 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
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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
$245,000
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Bakersfield, CA
Properties on Market for Quadplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Gated residential property with renovated interiors, central air, and washer-dryer connections in Bakersfield.
Where is this quadplex located?
The property is located at 1316 Flower Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Four apartment units, each with 2 bedrooms and 1 bathroom; 3,432 square feet on a 0.17‑acre lot; Three units occupied; one new tenant expected
