Licensed Assisted Living
For Sale
$675,000
Pending
2513 Oak View Ct, Bakersfield, CA 93311
RCFE with six-resident capacity, hospice waiver beds, and accessibility-focused improvements.
Property Size2,316 SF
Days on Market99
Property Features for 2513 Oak View Ct
General Information
Standard status
Pending
Size
2,316 SF
Property subtype
Business Opportunity
Amenities
solar panels
soft water system
ADT security system
Listing Agency:
Watson Realty
(661) 944-7866
Listed By:
Carlos A. Navarro
(661) 944-7866
Source:
Exprealty
Added: May 25
Changed: Aug 31
Last Checked: Aug 31 at 6:05PM
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 Watson Realty
Investment Insights
Based on property information with market context.
This 2,316-square-foot RCFE at 2513 Oak View Ct in Bakersfield is licensed for 6 residents, including 2 hospice waiver beds. The layout includes resident living areas, staff spaces, an extended pantry, and additional storage. Widened doorways and other improvements address ADA and Fire Marshal requirements.
Property systems include 42 paid solar panels, a soft water system, and an ADT security system. The facility is located in Bakersfield, California, and is configured for assisted living operations with features serving both residents and staff.
Property systems include 42 paid solar panels, a soft water system, and an ADT security system. The facility is located in Bakersfield, California, and is configured for assisted living operations with features serving both residents and staff.
Key Highlights
- Licensed for 6 residents with 2 hospice waiver beds
- 2,316 SF RCFE at 2513 Oak View Ct, Bakersfield, CA 93311
- 42 paid solar panels installed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,010
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,200
$400.2K
Cap Rate 7%
$285,857
$285.9K
Cap Rate 9%
$222,333
$222.3K
Market Conditions
NOI Build-Up for 2,316 SF
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.
Gross rent
$37.5K $16.20/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$36.4K $15.71/SF
− OpEx
−$16.4K −$7.07/SF
NOI
$20.0K $8.64/SF
Area
ZIP 93311
Vacancy
3.03%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$400,200
Cap Rate 7%
$285,857
Cap Rate 9%
$222,333
Alternative Uses
Best Use
Apartment 5plus
$285.9K
$250.1K – $333.5K
NOI $20,010 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$568.2K
$497.1K – $662.9K
NOI $39,771 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93311, CA
52,466
Population
17,797
Households
2.9
Avg Household Size
35
Median Age
39%
College-Educated
92%
High-School Grad
212.9 sq mi
ZIP Area
246
Density / Sq Mi
$117,591
Median Household Income
$57,119
Median Earnings
$1,884
Median Rent
$425,500
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- Charter Oaks Homes — 3501 Seligman Dr, Bakersfield, CA 93309
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- Magnolia Place Senior Assisted Living & Memory Care Community — 8100 Westwold Dr, Bakersfield, CA 93311
- Ann Marie's Quality — 2300 Gambel Oak Way, Bakersfield, CA 93311
Frequently Asked Questions
What type of property is this?
Assisted living facility - RCFE with six-resident capacity, hospice waiver beds, and accessibility-focused improvements.
Where is this assisted living facility located?
The property is located at 2513 Oak View Ct Bakersfield, CA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Licensed for 6 residents with 2 hospice waiver beds; 2,316 SF RCFE at 2513 Oak View Ct, Bakersfield, CA 93311; 42 paid solar panels installed
