Multifamily Apartment
1522 West Drive Bakersfield, CA 93304
1522 West Drive, Bakersfield, CA, 93304
$399,000
For Sale
$399,000
MULTI_FAMILY - Bakersfield, CA
Property Size2,516 SF
Lot Size0.25 Acres
Price / SF$158.59
Days on Market345
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 Agency
Avalar Real Estate Alliance
(805) 815-9600
2240 Ming Ave, Bakersfield, CA
Listed by
Elvia E Alvarez
(661) 596-3404
Added: Aug 7, 2025 Checked: Jul 17 at 10:06 am
MLS# 202508942
Listing URL
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.
This for-sale multifamily apartment building at 1522 West Drive offers a compact footprint on a 0.25-acre lot with 2,516 square feet of property size. The listing includes an option for the seller to finance up to $200,000 at 7% interest for 15 years, subject to terms and qualification.
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.
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 |
2,516 SF · lease $23.28/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$432.6K
$378.5K – $504.7K
NOI $30,282 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$667.7K
$584.2K – $779.0K
NOI $46,737 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - For sale multifamily property offering seller financing options and proximity to Kern Medical Center’s network facilities.
Where is this apartment building located?
The property is located at 1522 West Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 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
