1500 Owens Street, Bakersfield, CA 93305
MULTI_FAMILY - Bakersfield, CA
- Added:
- Jun 3, 2026
- Days on Market:
- 24
- Last Refresh:
- Jun 26 at 12:06 am
Property Features for 1500 Owens Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Standard status
- Active
- APN
- 01325007
- Size
- 2,610 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1964
- Floors in Building
- 1
- Number of units
- 3
Listing agent Phil M Jordan (805) 453-8353
Listing office Keller Williams Realty 8700 Stockdale Highway, Bakersfield, CA (661) 617-6500
Listing date Jun 3, 2026
Copyright © 2026 Bakersfield 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.
HighLights
- Well‑maintained triplex built in 1964 in central Bakersfield
- 3 units, each 2BR/1BA with 870 SF and tile flooring
- Each unit includes a private 1‑car garage, plus washer/dryer hookups and a private patio
- Central air and heating are in good working order
- Newer windows throughout
- Two of three units are vacating, offering immediate ability to set full market rents
Overview
The property is located in central Bakersfield, conveniently near schools, shopping, and major commuter routes. The lot size is approximately 0.17 acres, providing a compact, manageable footprint for an income property.
For buyers looking for a residential income asset, the unit mix offers flexibility and ease of management as a three-unit portfolio. According to the remarks, two of the three units are vacating, which may allow the next owner to lease units as they become available. With updates such as newer windows and functional HVAC, the triplex may appeal to owner-operators and investors seeking a turn-key style transition while maintaining a familiar triplex format.
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 | $51.7k | $19.80 |
| − Vacancy | −$3.4k | −$1.29 |
| EGI | $48.3k | $18.51 |
| − OpEx | −$14.5k | −$5.55 |
| NOI | $33.8k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.985767
- Latitude
- 35.383383
