24-Unit Apartment
For Sale
$2,575,000
1905 California Ave, Bakersfield, CA 93304
Unit mix includes one-, two-, and three-bedroom floor plans in a multifamily property serving Bakersfield renters.
Property Size16,668 SF
Price / SF$154.49
Days on Market102
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Property Features for 1905 California Ave
General Information
Standard status
Active
Size
16,668 SF
Property subtype
Residential Income
Units
Unit Mix
19 x 2BR/1BA, 4 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
24
Listing Agency:
Central Valley Property Advisors
Listed By:
Eric VanDenk · License #02071696
(661) 376-0575
Source:
Exprealty
Added: Jul 6
Changed: Oct 12
Last Checked: Oct 15 at 1:45AM
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 Central Valley Property Advisors
Investment Insights
Based on property information with market context.
Located at 1905 California Ave in Bakersfield, California, this 16,668-square-foot apartment property contains 24 units in a varied residential configuration. The mix includes 19 two-bedroom/one-bath apartments, four one-bedroom/one-bath apartments, and one three-bedroom/one-bath apartment.
The property sits along a Bakersfield corridor with access to employment centers, retail amenities, schools, and transportation routes. Its combination of multiple floor plans and a Central Valley location provides a clearly defined multifamily asset for sale, with current gross annual income exceeding $280,000.
The property sits along a Bakersfield corridor with access to employment centers, retail amenities, schools, and transportation routes. Its combination of multiple floor plans and a Central Valley location provides a clearly defined multifamily asset for sale, with current gross annual income exceeding $280,000.
Key Highlights
- 24‑unit multifamily apartment property
- 19 2‑bedroom/1‑bath units, four 1‑bedroom/1‑bath units, and one 3‑bedroom/1‑bath unit
- 16,668 square feet of apartment improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,612
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,012,240
$4.0M
Cap Rate 7%
$2,865,886
$2.9M
Cap Rate 9%
$2,229,022
$2.2M
Market Conditions
NOI Build-Up for 16,668 SF
Gross rent
$388.0K $23.28/SF
− Vacancy
−$23.3K −$1.40/SF
EGI
$364.7K $21.88/SF
− OpEx
−$164.1K −$9.85/SF
NOI
$200.6K $12.04/SF
Area
Bakersfield, CA
Vacancy
6.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,012,240
Cap Rate 7%
$2,865,886
Cap Rate 9%
$2,229,022
Alternative Uses
Best Use
Apartment 5plus
$2.87M
$2.51M – $3.34M
NOI $200,612 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,625 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes one-, two-, and three-bedroom floor plans in a multifamily property serving Bakersfield renters.
Where is this apartment building located?
The property is located at 1905 California Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: 24‑unit multifamily apartment property; 19 2‑bedroom/1‑bath units, four 1‑bedroom/1‑bath units, and one 3‑bedroom/1‑bath unit; 16,668 square feet of apartment improvements
