Updated 4-Unit
For Sale
$799,000
2301 Buena Vista St, Bakersfield, CA 93304
Gated multifamily property with renovated interiors and three units scheduled to be vacant at closing.
Property Size3,360 SF
Price / SF$237.80
Days on Market86
Property Features for 2301 Buena Vista St
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Amenities
gated
Building Details
Year Built
1984
Listed By:
Jordan Bennett · License #01850869
(949) 282-9381
Source:
Orangecountyrealestateservices
Added: Jul 22
Changed: Sep 14
Last Checked: Aug 27 at 9:54PM
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 Jordan Bennett
Investment Insights
Based on property information with market context.
This 3,360-square-foot quadplex contains four residential units with a combined layout of 8 bedrooms and 4 bathrooms. Interior updates have been completed throughout the units, and the property is enclosed by a gate. Three units are expected to be vacant at delivery, providing flexibility for an owner-occupant or a buyer planning to place units into service.
Built in 1984, the property is located at 2301 Buena Vista St in Bakersfield, California. Its central setting places the property near shopping, dining, and everyday services. The four-unit configuration and existing bedroom count create a straightforward multifamily asset with residential income-use potential.
Built in 1984, the property is located at 2301 Buena Vista St in Bakersfield, California. Its central setting places the property near shopping, dining, and everyday services. The four-unit configuration and existing bedroom count create a straightforward multifamily asset with residential income-use potential.
Key Highlights
- Four‑unit quadplex with 8 bedrooms and 4 bathrooms
- 3,360 SF multifamily property built in 1984
- Units have been updated throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,543
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,860
$870.9K
Cap Rate 7%
$622,043
$622.0K
Cap Rate 9%
$483,811
$483.8K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$66.5K $19.80/SF
− Vacancy
−$4.3K −$1.29/SF
EGI
$62.2K $18.51/SF
− OpEx
−$18.7K −$5.55/SF
NOI
$43.5K $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 Rate 5%
$870,860
Cap Rate 7%
$622,043
Cap Rate 9%
$483,811
Alternative Uses
Best Use
Multifamily LT 5
$622.0K
$544.3K – $725.7K
NOI $43,543 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$577.7K
$505.5K – $674.0K
NOI $40,440 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,117
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Gated multifamily property with renovated interiors and three units scheduled to be vacant at closing.
Where is this quadplex located?
The property is located at 2301 Buena Vista St Bakersfield, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Four‑unit quadplex with 8 bedrooms and 4 bathrooms; 3,360 SF multifamily property built in 1984; Units have been updated throughout
