1522 West Drive Bakersfield, CA 93304
MULTI_FAMILY - Bakersfield, CA
Property Features for 1522 West Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 5
- Parking features
- Covered
- Standard status
- Active
- APN
- 13807007
- Size
- 2,516 SF
- Lot size
- 0.25 Acres
Building Details
- Year built
- 1937
- Floors in Building
- 2
- Number of units
- 5
Listing agent Elvia E Alvarez (661) 596-3404
Listing office Avalar Real Estate Alliance 2240 Ming Ave, Bakersfield, CA (805) 815-9600
Listing date Aug 7, 2025
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.
Investment Insights
Based on property information with market context.
The property is described as adjacent to Kern Medical Center and surrounding healthcare facilities that are part of the Kern Medical Center network, which may be of particular interest to buyers considering demand driven by ongoing healthcare activity.
Additional listing details provided include the property’s Bakersfield, CA location (93304) in Kern County. For underwriting purposes, confirm all specifics of the building configuration, unit mix, and any applicable operating details directly with the seller or listing broker.
Key Highlights
- Up to $200,000 seller financing available at 7% interest for 15 years
- Adjacent to Kern Medical Center and surrounding healthcare facilities in the Kern Medical Center network
- Covered parking available
Local Financial Insights For Apartment 5plus
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 | $58.6k | $23.28 |
| − Vacancy | −$3.5k | −$1.40 |
| EGI | $55.1k | $21.88 |
| − OpEx | −$24.8k | −$9.85 |
| NOI | $30.3k | $12.04 |
