Renovated Fourplex Plus Two
1610 Oregon Street Bakersfield, CA 93305
For Sale
$800,000
COMMERCIAL - Bakersfield, CA
Property Size5,681 SF
Lot Size0.26 Acres
Price / SF$140.82
Days on Market89
Property Features for 1610 Oregon Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 13812021
- Size
- 5,681 SF
- Lot size
- 0.26 Acres
Building Details
- Year built
- 1967
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
John C Fugate
6613275161x3728
Added: Apr 30
Last Checked: Jul 27 at 5:06AM
MLS# 202604725
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.
Available for sale: a fourplex plus two additional units at 1610 Oregon Street in Bakersfield, CA 93305. The fourplex units are described as two bedroom with 1.5 bathrooms, with some recent renovations completed.
Additional detail is provided for the front and second units. The front unit is described as having three offices, a private bath, and a conference room, and it has been recently renovated as well. The second unit is described as including a kitchen, dining area, bathrooms, and a recreation area.
The seller notes the overall configuration as well-suited for assisted living or a group home, based on the described interior layouts. The property is offered as an all-in package with the fourplex and the two extra units available now.
Additional detail is provided for the front and second units. The front unit is described as having three offices, a private bath, and a conference room, and it has been recently renovated as well. The second unit is described as including a kitchen, dining area, bathrooms, and a recreation area.
The seller notes the overall configuration as well-suited for assisted living or a group home, based on the described interior layouts. The property is offered as an all-in package with the fourplex and the two extra units available now.
Key Highlights
- Built in 1967: four‑plex plus two additional units
- Four‑plex units are all 2‑bedroom with 1.5 baths
- Some recent renovations in the four‑plex units
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 | $132.3k | $23.28 |
| − Vacancy | −$7.9k | −$1.40 |
| EGI | $124.3k | $21.88 |
| − OpEx | −$55.9k | −$9.85 |
| NOI | $68.4k | $12.04 |
5,681 SF · lease $23.28/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$976.8K
$854.7K – $1.14M
NOI $68,375 @ 7.0% cap · market cap 8.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,530 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Fourplex with two-bedroom, 1.5-bath units plus two additional units, with recent renovations noted across the property.
Where is this apartment building located?
The property is located at 1610 Oregon Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Built in 1967: four‑plex plus two additional units; Four‑plex units are all 2‑bedroom with 1.5 baths; Some recent renovations in the four‑plex units
