1601 - 1603 - 1605 Jefferson St. Bakersfield, CA 93305
Thirteen-unit multifamily building with a mix of one- and two-bedroom apartments and construction spanning 1961 to 1986.
Property Features for 1601 - 1603 - 1605 Jefferson St.
General Information
- Standard status
- Active
- Size
- 9,866 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing office Central Valley Property Advisors
Listing date Jun 10, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Central Valley Property Advisors
Investment Insights
Based on property information with market context.
The property is located at 1601–1603–1605 Jefferson St. in Bakersfield, California 93305. It presents a straightforward ownership structure for an investor seeking a smaller-scale apartment portfolio, with all 13 units operating within the same overall property footprint.
For buyers and operators, the primary leasing profile is anchored by the predominance of two-bedroom layouts, complemented by one-bedroom units. This configuration can support tenant flexibility across different household sizes while keeping the overall asset focused on traditional apartment demand. The property’s established unit count and defined construction timeline make it suitable for investors looking to acquire a completed multifamily asset with an income-producing unit mix already in place.
Key Highlights
- 13‑unit multifamily property with 1- and 2‑bedroom apartments
- Approximately 9,866 rentable SF on two parcels totaling about 18,776 SF
- Year built: phases constructed between 1961–1980 and 1986
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 | $229.7k | $23.28 |
| − Vacancy | −$13.8k | −$1.40 |
| EGI | $215.9k | $21.88 |
| − OpEx | −$97.2k | −$9.85 |
| NOI | $118.7k | $12.04 |
