5-Unit Apartment Building with
For Sale
$1,113,000
2541 Encina, Bakersfield, CA 93301
Updated interiors and newer air-conditioning in four units support the property's residential configuration.
Property Size3,748 SF
Price / SF$296.96
Days on Market26
Property Features for 2541 Encina
General Information
Standard status
Active
Size
3,748 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Amenities
air conditioning
Listing Agency:
TNT Real Estate
Listed By:
Aman L. Sahami · License #01264689
(661) 663-7496
Source:
Exprealty
Added: Oct 7
Changed: Oct 31
Last Checked: Oct 31 at 3:32AM
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 TNT Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment property contains 3,748 square feet, with garage space provided for the units. All five apartments have been updated, and four feature newer air-conditioning. The property is situated on a corner lot in Bakersfield.
The building has a history of full occupancy and includes long-term tenants. These features, along with the unit count and garage provision, define the property's existing multifamily setup.
The building has a history of full occupancy and includes long-term tenants. These features, along with the unit count and garage provision, define the property's existing multifamily setup.
Key Highlights
- Five apartment units totaling 3,748 SF
- Garage space provided for the apartments
- All units have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,110
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,200
$902.2K
Cap Rate 7%
$644,429
$644.4K
Cap Rate 9%
$501,222
$501.2K
Market Conditions
NOI Build-Up for 3,748 SF
Gross rent
$87.3K $23.28/SF
− Vacancy
−$5.2K −$1.40/SF
EGI
$82.0K $21.88/SF
− OpEx
−$36.9K −$9.85/SF
NOI
$45.1K $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%
$902,200
Cap Rate 7%
$644,429
Cap Rate 9%
$501,222
Alternative Uses
Best Use
Apartment 5plus
$644.4K
$563.9K – $751.8K
NOI $45,110 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$994.6K
$870.3K – $1.16M
NOI $69,623 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,942
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated interiors and newer air-conditioning in four units support the property's residential configuration.
Where is this apartment building located?
The property is located at 2541 Encina Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,113,000.
What are key features of this property?
This property features: Five apartment units totaling 3,748 SF; Garage space provided for the apartments; All units have been updated
