Four-Unit Apartment
For Sale
$595,000
1320 Flower Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size3,432 SF
Lot Size0.17 Acres
Price / SF$173.37
Days on Market81
Property Features for 1320 Flower Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-3
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Bathroom 1, Bedroom 5, Bathroom 3
Directions
From the 178 Freeway, exit on Haley Street and head South to Flower Street. Right on Flower street, property is on right hand side of street just past the market. 3rd building from gated entrance.
Subdivision
96 - Out of Area North
Standard status
Active
APN
127-100-18
Size
3,432 SF
Lot size
0.17 Acres
Utilities
Cooling system
Central Air
Amenities
gated lot
Building Details
Year built
1984
Number of units
4
Building materials
Concrete, Frame, Stucco, Wood Siding, Shingle Siding
Listing Agency:
Jason Bruce, Broker
Listed By:
Jason P Bruce · License #01747299
(661) 317-2843
Added: Jul 31
Changed: Oct 1
Last Checked: Oct 19 at 3:06AM
MLS# 26006137
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 four-unit apartment property contains 3,432 square feet on a 0.17-acre lot. Built in 1984, the building offers four two-bedroom, one-bathroom apartments with wood and tile flooring, ceiling fans, granite countertops, electric stoves, dishwashers, central air, and new water heaters. Washer and dryer connections are provided in each unit.
The gated lot includes open parking, and the property is located at 1320 Flower Street in Bakersfield, California. Shopping, restaurants, public transportation, and downtown Bakersfield are identified in the surrounding area. R-3 zoning supports the property's multifamily classification.
The gated lot includes open parking, and the property is located at 1320 Flower Street in Bakersfield, California. Shopping, restaurants, public transportation, and downtown Bakersfield are identified in the surrounding area. R-3 zoning supports the property's multifamily classification.
Key Highlights
- Four‑unit apartment building with 3,432 square feet
- Each apartment has 2 bedrooms and 1 bathroom
- 0.17‑acre lot with gated open parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,476
Cap Rate
7.47%
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 7.47%
Second Best
Apartment 5plus
$590.1K
$516.3K – $688.5K
NOI $41,307 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$910.8K
$796.9K – $1.06M
NOI $63,753 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - R-3 multifamily property with updated interiors, gated parking, and washer and dryer connections in each apartment.
Where is this quadplex located?
The property is located at 1320 Flower Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four‑unit apartment building with 3,432 square feet; Each apartment has 2 bedrooms and 1 bathroom; 0.17‑acre lot with gated open parking
