18-Unit Apartment
2909 S Chester Ave Bakersfield, CA 93304
2909 S Chester Ave, Bakersfield, CA, 93304
$2,300,000
For Sale
$2,300,000
An 18-unit complex with 2 bed, 1.5 bath units, carports, and both assigned and street parking.
Property Size16,191 SF
Price / SF$142.05
Days on Market139
Property Features for 2909 S Chester Ave
General Information
- Standard status
- Active
- Size
- 16,191 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1984
Listing agency
Golden Valley Real Estate Group
(661) 477-3484
Listed by
Roger V. Magana · License #01708253
(661) 477-3484
Source
Exitrealty
Added: Mar 4 Updated: Jul 21 at 6:09AM Checked: Jul 21 at 6:09AM
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 Golden Valley Real Estate Group
Investment Insights
Based on property information with market context.
This for-sale apartment building offers 18 units with consistent layouts featuring 2 bedrooms and 1.5 bathrooms per unit. The property also includes carports, assigned parking, and ample street parking. On-site improvements reported include 8 newer A/C units and a newer roof.
Located on a busy main street at 2909 S Chester Ave in Bakersfield, the building is described as having strong visibility. The public remarks also note convenience to shopping centers, dining, and major freeways.
The property’s configuration appears geared toward straightforward rental operations, with uniform unit sizes and on-site parking support through carports, assigned spaces, and available street parking.
Located on a busy main street at 2909 S Chester Ave in Bakersfield, the building is described as having strong visibility. The public remarks also note convenience to shopping centers, dining, and major freeways.
The property’s configuration appears geared toward straightforward rental operations, with uniform unit sizes and on-site parking support through carports, assigned spaces, and available street parking.
Key Highlights
- 18‑unit apartment complex built in 1984 with all units featuring 2 bedrooms and 1.5 bathrooms
- 8 newer A/C units and a newer roof
- Parking includes carports plus both assigned parking and ample street parking
Local Financial Insights For Apartment 5plus
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 | $376.9k | $23.28 |
| − Vacancy | −$22.6k | −$1.40 |
| EGI | $354.3k | $21.88 |
| − OpEx | −$159.4k | −$9.85 |
| NOI | $194.9k | $12.04 |
16,191 SF · lease $23.28/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.78M
$2.44M – $3.25M
NOI $194,871 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.30M
$3.76M – $5.01M
NOI $300,764 @ 7.0% cap · market cap 13.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Courey Burkhardt
Artist
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - An 18-unit complex with 2 bed, 1.5 bath units, carports, and both assigned and street parking.
Where is this apartment building located?
The property is located at 2909 S Chester Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 18‑unit apartment complex built in 1984 with all units featuring 2 bedrooms and 1.5 bathrooms; 8 newer A/C units and a newer roof; Parking includes carports plus both assigned parking and ample street parking
