Renovated Quadplex with Yard
For Sale
$749,000
132 Ohio Drive, Bakersfield, CA 93307
Residential Income, Bakersfield, CA
Property Size3,950 SF
Lot Size0.57 Acres
Price / SF$189.62
Days on Market96
Property Features for 132 Ohio Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bathroom 4, Bathroom 5, Bedroom 7, Bathroom 3, Bedroom 6, Bedroom 5, Bedroom 1, Bedroom 9, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 10
Directions
Turn left on Casa Loma Dr, then right on S Milham Dr. Turn left onto Ohio Dr;
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
169-062-06
Size
3,950 SF
Lot size
0.57 Acres
Utilities
Heating system
Natural Gas
Cooling system
Ductless
Amenities
air conditioning
private yard areas
Building Details
Year built
1929
Number of units
4
Building materials
Shingle Siding
Listing Agency:
Seven Star Properties
(805) 583-5855
Listed By:
Mamdouh Elalami · License #01750791
(805) 558-6069
Added: Jun 4
Changed: Sep 6
Last Checked: Sep 7 at 1:06AM
MLS# 26004389
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.
This quadplex at 132 Ohio Drive includes approximately 3,950 square feet of living space on a 0.57-acre parcel. The property contains 10 bedrooms and 5 bathrooms, with updated interiors, air conditioning, and private yard areas. Shingle siding, natural-gas heating, and ductless cooling are among the documented property features. Built in 1929 and zoned R-2, the asset offers a multi-unit residential configuration with substantial outdoor space. Its Bakersfield setting places the property near schools, shopping, dining, and major transportation routes. The lot also provides room for additional improvements or expanded outdoor amenities, subject to applicable approvals.
Key Highlights
- Quadplex property with 10 bedrooms and 5 bathrooms
- Approximately 3,950 square feet of living space
- 0.57‑acre lot with private yard areas
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
$50,258
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
6.71%
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%
$1,005,160
$1.0M
Cap Rate 7%
$717,971
$718.0K
Cap Rate 9%
$558,422
$558.4K
Market Conditions
NOI Build-Up for 3,950 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
$76.8K $19.44/SF
− Vacancy
−$5.0K −$1.26/SF
EGI
$71.8K $18.18/SF
− OpEx
−$21.5K −$5.45/SF
NOI
$50.3K $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%
$1,005,160
Cap Rate 7%
$717,971
Cap Rate 9%
$558,422
Alternative Uses
Best Use
Multifamily LT 5
$718.0K
$628.2K – $837.6K
NOI $50,258 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$645.5K
$564.8K – $753.1K
NOI $45,187 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$976.0K
$854.0K – $1.14M
NOI $68,320 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
467
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 - Updated interiors, ductless cooling, and private yard areas support practical residential use.
Where is this quadplex located?
The property is located at 132 Ohio Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Quadplex property with 10 bedrooms and 5 bathrooms; Approximately 3,950 square feet of living space; 0.57‑acre lot with private yard areas
