24-Unit Apartment
1905 California Avenue, Bakersfield, CA 93304
For Sale
$2,550,000
Residential Income, Bakersfield, CA
Property Size16,668 SF
Lot Size0.44 Acres
Price / SF$152.99
Days on Market125
Property Features for 1905 California Avenue
General Information
Property type
Property subtype
Parking features
Elementary school
Middle school
High school
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Building Details
Year built
Floors in Building
Number of units
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk · License #02223453
6613760575x1
Added: Jul 6
Changed: Nov 4
Last Checked: Nov 7 at 6:06PM
MLS# 202607254
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 1905 California Avenue in Bakersfield, this apartment property contains 24 units within a 16,668-square-foot improvement built in 1964. The configuration includes nineteen 2-bedroom/1-bath residences, four 1-bedroom/1-bath residences, and one 3-bedroom/1-bath residence. Carport parking is included, and the property occupies 0.44 acres.
The asset sits along a major Bakersfield corridor with access to employment centers, retail amenities, schools, and transportation routes. Its varied bedroom mix supports multiple residential space needs within a single multifamily property.
The asset sits along a major Bakersfield corridor with access to employment centers, retail amenities, schools, and transportation routes. Its varied bedroom mix supports multiple residential space needs within a single multifamily property.
Key Highlights
- 24‑unit apartment property with 19 two‑bedroom, 4 one‑bedroom, and 1 three‑bedroom units
- Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/1‑bath layouts
- 16,668‑square‑foot property on 0.44 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,612
Cap Rate
7.87%
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 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,625 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
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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
$228,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Bakersfield, CA
Properties on Market for Apartment buildings in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with a mixed one-, two-, and three-bedroom unit mix.
Where is this apartment building located?
The property is located at 1905 California Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 24‑unit apartment property with 19 two‑bedroom, 4 one‑bedroom, and 1 three‑bedroom units; Unit mix includes 2‑bedroom/1‑bath, 1‑bedroom/1‑bath, and 3‑bedroom/1‑bath layouts; 16,668‑square‑foot property on 0.44 acres
