Seven-Unit Multifamily
For Sale
$1,999,999
319 Holtby Rd, Bakersfield, CA 93304
Eight buildings on a spacious lot offer open parking and outdoor areas for residents.
Property Size4,866 SF
Lot Size0.60 Acres
Price / SF$411.02
Days on Market73
Property Features for 319 Holtby Rd
General Information
Standard status
Active
Size
4,866 SF
Lot size
0.60 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
7
Building Details
Year Built
1930
Buildings
8
Listing Agency:
Watson Realty
(661) 206-2447
Listed By:
Esteban Contreras · License #CA01975384
(661) 206-2447
Source:
Exprealty
Added: May 20
Changed: Jul 31
Last Checked: Jul 31 at 10:01AM
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 multifamily property includes 8 character-rich buildings containing 7 residential units and 4,866 square feet of living space. Built in 1930, the property sits on a 0.6-acre lot with substantial spacing between buildings, open parking, and outdoor areas for residents. The property is offered as-is, with offers subject to interior inspection.
Located in Bakersfield’s historic Oleander Tract, the property provides access to Roosevelt Elementary, Emerson Jr. High, and Bakersfield High School, along with nearby shopping, dining, and transit. Tenant privacy is requested, and prospective parties should not disturb the residents.
Located in Bakersfield’s historic Oleander Tract, the property provides access to Roosevelt Elementary, Emerson Jr. High, and Bakersfield High School, along with nearby shopping, dining, and transit. Tenant privacy is requested, and prospective parties should not disturb the residents.
Key Highlights
- 7 residential units across 8 buildings
- 4,866 square feet of living space on a 0.6‑acre lot
- Built in 1930
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 | $113.3k | $23.28 |
| − Vacancy | −$6.8k | −$1.40 |
| EGI | $106.5k | $21.88 |
| − OpEx | −$47.9k | −$9.85 |
| NOI | $58.6k | $12.04 |
4,866 SF · lease $23.28/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$836.7K
$732.1K – $976.1K
NOI $58,566 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,391 @ 7.0% cap · market cap 4.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Eight buildings on a spacious lot offer open parking and outdoor areas for residents.
Where is this multifamily property located?
The property is located at 319 Holtby Rd Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 7 residential units across 8 buildings; 4,866 square feet of living space on a 0.6‑acre lot; Built in 1930
