Four-Unit 3-Bedroom
For Sale
$749,000
1819 Pacific Street, Bakersfield, CA 93305
Residents have central HVAC, laundry hookups, and separate gas and electric metering in each home.
Property Size4,374 SF
Lot Size0.28 Acres
Days on Market189
Property Features for 1819 Pacific Street
General Information
Standard status
Active
Size
4,374 SF
Lot size
0.28 Acres
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2BA
Multifamily Units
4
Parking per Unit
2
Additional Details
Gross Income
$72,576
Utilities to Site
Yes
Amenities
central HVAC
in-unit laundry hookups
Central AC
Central Heat
Building Details
Building Size
4,374 SF
Year Built
2009
Stories
1
Listing Agency:
The Garza Group- Exp Realty
(661) 932-4251
Listed By:
Johnny Garza
(661) 932-4251
Source:
Kw
Added: Feb 24
Changed: Aug 30
Last Checked: Sep 1 at 12:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Garza Group- Exp Realty
Investment Insights
Based on property information with market context.
This four-unit multifamily property contains an identical mix of spacious three-bedroom, two-bath residences. Each unit includes central heating and air conditioning, in-unit laundry hookups, and separate gas and electric meters. The property was constructed in 2009 and sits on a 12,196-square-foot lot.
On-site parking provides at least two spaces for each residence. All four units are currently occupied under month-to-month agreements, providing flexible leasing terms for ownership. The property is located at 1819 Pacific Street in Bakersfield, California, with interior inspection required.
On-site parking provides at least two spaces for each residence. All four units are currently occupied under month-to-month agreements, providing flexible leasing terms for ownership. The property is located at 1819 Pacific Street in Bakersfield, California, with interior inspection required.
Key Highlights
- Four‑unit property with four 3‑bedroom, 2‑bath residences
- 12,196‑square‑foot lot with on‑site parking
- Minimum of two parking spaces per unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,683
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,133,660
$1.1M
Cap Rate 7%
$809,757
$809.8K
Cap Rate 9%
$629,811
$629.8K
Market Conditions
NOI Build-Up for 4,374 SF
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.
Gross rent
$86.6K $19.80/SF
− Vacancy
−$5.6K −$1.29/SF
EGI
$81.0K $18.51/SF
− OpEx
−$24.3K −$5.55/SF
NOI
$56.7K $12.96/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,133,660
Cap Rate 7%
$809,757
Cap Rate 9%
$629,811
Alternative Uses
Best Use
Multifamily LT 5
$809.8K
$708.5K – $944.7K
NOI $56,683 @ 7.0% cap · market cap 7.57%
Second Best
Apartment 5plus
$752.1K
$658.1K – $877.4K
NOI $52,644 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,251 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,118
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Residents have central HVAC, laundry hookups, and separate gas and electric metering in each home.
Where is this quadplex located?
The property is located at 1819 Pacific Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Four‑unit property with four 3‑bedroom, 2‑bath residences; 12,196‑square‑foot lot with on‑site parking; Minimum of two parking spaces per unit
