Renovated Multi-Unit Residential
132 Ohio Drive Bakersfield, CA 93307
132 Ohio Drive, Bakersfield, CA, 93307
$749,000
For Sale
$749,000
MULTI_FAMILY - Bakersfield, CA
Property Size3,950 SF
Lot Size0.57 Acres
Price / SF$189.62
Days on Market48
Property Features for 132 Ohio Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 10, Bathroom 4, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 9
- Standard status
- Active
- APN
- 169-062-06
- Size
- 3,950 SF
- Lot size
- 0.57 Acres
Utilities
- Heating system
- Natural Gas
- Cooling system
- Ductless
Building Details
- Year built
- 1929
- Number of units
- 4
- Building materials
- Shingle Siding
Listing Agency
Seven Star Properties
(805) 583-5855
4225 Valley Fair St. #101, Simi Valley, CA
Listed by
Mamdouh Elalami · License #01750791
(805) 558-6069
Added: Jun 4 Updated: Jul 12 at 5:34 am Checked: Jul 21 at 12:06 am
MLS# 26004389
Listing URL
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 for-sale multi-unit residential property has been fully renovated and offers approximately 3,950 square feet of living space on a +/-0.57-acre lot. The building features updated interiors, air conditioning, and private yard areas for residents. The overall setup is designed to support multiple households under one ownership, with outdoor space that may allow for additional improvements over time.
The property is located at 132 Ohio Drive in Bakersfield, California, within R-2 zoning. In the surrounding area, it is described as being convenient to schools, shopping, dining, and major transportation routes, supporting everyday accessibility for tenants or owner-occupants.
For a buyer looking for a remodel-ready rental or a property that can accommodate multi-generational living, the combination of renovated interiors, conditioned comfort, and outdoor privacy is intended to reduce immediate maintenance and improve day-to-day livability. The oversized lot also provides space for planning future outdoor enhancements or expansion opportunities, subject to applicable requirements for the site.
The property is located at 132 Ohio Drive in Bakersfield, California, within R-2 zoning. In the surrounding area, it is described as being convenient to schools, shopping, dining, and major transportation routes, supporting everyday accessibility for tenants or owner-occupants.
For a buyer looking for a remodel-ready rental or a property that can accommodate multi-generational living, the combination of renovated interiors, conditioned comfort, and outdoor privacy is intended to reduce immediate maintenance and improve day-to-day livability. The oversized lot also provides space for planning future outdoor enhancements or expansion opportunities, subject to applicable requirements for the site.
Key Highlights
- Fully renovated multi‑unit property on a +/-0.57‑acre lot in Bakersfield
- Approximately 3,950 SF of living space with 10 bedrooms and 5 bathrooms
- Natural gas heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $19.44 |
| − Vacancy | −$5.0k | −$1.26 |
| EGI | $71.8k | $18.18 |
| − OpEx | −$21.5k | −$5.45 |
| NOI | $50.3k | $12.72 |
3,950 SF · lease $19.44/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully renovated multi-unit property with air conditioning, private yard areas, and a sizable lot for future improvements.
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: Fully renovated multi‑unit property on a +/-0.57‑acre lot in Bakersfield; Approximately 3,950 SF of living space with 10 bedrooms and 5 bathrooms; Natural gas heating
