11-Unit Apartment
For Sale
$1,500,000
Pending
2300 D St, Bakersfield, CA 93301
CO-zoned multifamily property with cottage units, varied layouts, and extensive tenant parking.
Property Size8,212 SF
Lot Size0.51 Acres
Days on Market56
Property Features for 2300 D St
General Information
Standard status
Pending
Size
8,212 SF
Total Parking Spaces
11
Lot size
0.51 Acres
Property subtype
Residential Income
Zoning
CO
Financials
Asking Price
$1,500,000
Gross Rent Multiplier
8.8
Units
Unit Mix
6 x 1BR/1BA, 2 x 2BR/1BA, 2 x 1BR + bonus room, 1 x studio
Multifamily Units
11
Building Details
Year Built
1940
Listing Agency:
ASU Commercial
(661) 862-5454
Listed By:
Marc A Thurston · License #01099353
(661) 889-6597
Source:
Exprealty
Added: Aug 21
Changed: Oct 9
Last Checked: Oct 14 at 11:51PM
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 ASU Commercial
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Investment Insights
Based on property information with market context.
Located at 2300 D St in Downtown Bakersfield, this apartment property includes approximately 8,212 square feet of improvements on a 22,202-square-foot CO-zoned lot. Constructed between 1937 and 1940, the property contains 11 units along with a small office and maintenance room.
The unit mix includes six one-bedroom, one-bath apartments, including four cottages; two two-bedroom, one-bath units, including one cottage; two one-bedroom units with bonus rooms; and one studio. Ten units have access to an individual one-car garage, while the remaining unit is served by a carport. The improvements have remained under the same ownership since 1977.
The unit mix includes six one-bedroom, one-bath apartments, including four cottages; two two-bedroom, one-bath units, including one cottage; two one-bedroom units with bonus rooms; and one studio. Ten units have access to an individual one-car garage, while the remaining unit is served by a carport. The improvements have remained under the same ownership since 1977.
Key Highlights
- 11‑unit apartment property with approximately 8,212 square feet of improvements
- 22,202‑square‑foot CO‑zoned lot at 2300 D St in Downtown Bakersfield
- Unit mix includes six 1‑bedroom/1‑bath units, two 2‑bedroom/1‑bath units, two 1‑bedroom units with bonus rooms, and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,838
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,976,760
$2.0M
Cap Rate 7%
$1,411,971
$1.4M
Cap Rate 9%
$1,098,200
$1.1M
Market Conditions
NOI Build-Up for 8,212 SF
Gross rent
$191.2K $23.28/SF
− Vacancy
−$11.5K −$1.40/SF
EGI
$179.7K $21.88/SF
− OpEx
−$80.9K −$9.85/SF
NOI
$98.8K $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%
$1,976,760
Cap Rate 7%
$1,411,971
Cap Rate 9%
$1,098,200
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.24M – $1.65M
NOI $98,838 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,546 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
11
Residential units
Location Intelligence
Trade Area within ½ mile
4,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - CO-zoned multifamily property with cottage units, varied layouts, and extensive tenant parking.
Where is this apartment building located?
The property is located at 2300 D St Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 11‑unit apartment property with approximately 8,212 square feet of improvements; 22,202‑square‑foot CO‑zoned lot at 2300 D St in Downtown Bakersfield; Unit mix includes six 1‑bedroom/1‑bath units, two 2‑bedroom/1‑bath units, two 1‑bedroom units with bonus rooms, and one studio
