Fourplex Residential Income
2801 Alta Vista Drive Bakersfield, CA 93305
For Sale
$639,000
MULTI_FAMILY - Bakersfield, CA
Property Size3,723 SF
Lot Size0.27 Acres
Price / SF$171.64
Days on Market49
Property Features for 2801 Alta Vista Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
4
Parking features
Carport
Standard status
Active
APN
12319009
Size
3,723 SF
Lot size
0.27 Acres
Building Details
Year built
1968
Floors in Building
1
Number of units
4
Listing Agency:
LPT Realty. Inc.
(877) 366-2213
Listed By:
Jason Rodriguez · License #01825023
(661) 220-9773
Added: Jun 11
Last Checked: Jul 29 at 1:06AM
MLS# 202606353
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale fourplex consists of three 2-bedroom, 1-bath units and one 3-bedroom, 1.75-bath unit, providing two distinct floorplan options for tenants. The property is described as well-maintained with long-term tenants, and it is presented with an emphasis on curb appeal and overall ownership care.
Located in the Alta Vista neighborhood of Upper Northeast Bakersfield, the property is positioned near Garces Memorial High School and Bakersfield College, with Panorama Park overlooking the Kern River also noted nearby. Access to Hwy 178 is highlighted in the remarks, and the area is described as close to shopping and major medical facilities.
For investors or owner-users seeking a multi-unit residential asset, the current unit mix supports a tenant base looking for both smaller and larger layouts. The parking offering includes garage space, carports, a paved parking area, and street parking. The remarks also reference room to increase future rental income, making the property one to evaluate for potential rent optimization within the existing 4-unit configuration.
Located in the Alta Vista neighborhood of Upper Northeast Bakersfield, the property is positioned near Garces Memorial High School and Bakersfield College, with Panorama Park overlooking the Kern River also noted nearby. Access to Hwy 178 is highlighted in the remarks, and the area is described as close to shopping and major medical facilities.
For investors or owner-users seeking a multi-unit residential asset, the current unit mix supports a tenant base looking for both smaller and larger layouts. The parking offering includes garage space, carports, a paved parking area, and street parking. The remarks also reference room to increase future rental income, making the property one to evaluate for potential rent optimization within the existing 4-unit configuration.
Key Highlights
- Fourplex built in 1968 in Upper Northeast Bakersfield’s Alta Vista neighborhood
- Unit mix: three 2‑bedroom, 1‑bath units plus one 3‑bedroom, 1.75‑bath unit
- Long‑term tenants in place
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 | $73.7k | $19.80 |
| − Vacancy | −$4.8k | −$1.29 |
| EGI | $68.9k | $18.51 |
| − OpEx | −$20.7k | −$5.55 |
| NOI | $48.2k | $12.96 |
3,723 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$689.2K
$603.1K – $804.1K
NOI $48,247 @ 7.0% cap · market cap 7.55%
Second Best
Apartment 5plus
$640.1K
$560.1K – $746.8K
NOI $44,809 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$988.0K
$864.5K – $1.15M
NOI $69,158 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained fourplex with a mix of 2- and 3-bedroom units and multiple parking options for tenants and visitors.
Where is this quadplex located?
The property is located at 2801 Alta Vista Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Fourplex built in 1968 in Upper Northeast Bakersfield’s Alta Vista neighborhood; Unit mix: three 2‑bedroom, 1‑bath units plus one 3‑bedroom, 1.75‑bath unit; Long‑term tenants in place
