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Four-Unit Multifamily Property

2421 Westholme Blvd Bakersfield, CA 93309

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Multifamily property featuring four units.

Type:Multifamily
Property size:
4,505 SF
Price / SF:
$177.58/SF
Added:
Mar 10, 2026
Days on Market:
127
Last Refresh:
Mar 16 at 3:37 pm

Property Features for 2421 Westholme Blvd

General Information

Standard status
Active
Size
4,505 SF
Property subtype
Multifamily

Building Details

Year Built
1977

Listing office ASU Commercial

Listing date Mar 10, 2026

Source Crexi

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


Investment Insights

Based on property information with market context.

This multifamily property features four units. The property has a size of 4505 square feet.

Key Highlights

  • Multifamily property featuring 4 units.
  • Priced at $200,000 per unit.
  • Built in 1977.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $89.2k $19.80
− Vacancy −$5.8k −$1.29
EGI $83.4k $18.51
− OpEx −$25.0k −$5.55
NOI $58.4k $12.96
4,505 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$834.0K
$729.8K – $973.0K (±1% cap)
NOI $58,381 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$774.6K
$677.8K – $903.7K (±1% cap)
NOI $54,221 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M (±1% cap)
NOI $83,685 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Law Firm Parking Lot & Garage Skin Care Clinic Building Supply Hair Salon Garden Center Furniture & Home Goods Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Multifamily property featuring four units.
Where is this quadplex located?
The property is located at 2421 Westholme Blvd Bakersfield, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Multifamily property featuring 4 units.; Priced at $200,000 per unit.; Built in 1977.
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