Seven-Unit Multifamily
319 Holtby Rd, Bakersfield, CA 93304
For Sale
$1,250,000
Eight buildings on a spacious lot offer open parking and outdoor areas for residents.
Property Size4,866 SF
Lot Size0.60 Acres
Price / SF$256.88
Days on Market101
Property Features for 319 Holtby Rd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Century 21 Select Real Estate
(661) 654-1600
Listed By:
Esteban Contreras · License #CA01975384
(661) 206-2447
Source:
Exprealty
Added: Jul 30
Changed: Nov 7
Last Checked: Nov 6 at 11:35AM
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 Century 21 Select Real Estate
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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
Estimated NOI and Cap Rate
NOI / Yr
$58,566
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,320
$1.2M
Cap Rate 7%
$836,657
$836.7K
Cap Rate 9%
$650,733
$650.7K
Market Conditions
NOI Build-Up for 4,866 SF
Gross rent
$113.3K $23.28/SF
− Vacancy
−$6.8K −$1.40/SF
EGI
$106.5K $21.88/SF
− OpEx
−$47.9K −$9.85/SF
NOI
$58.6K $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%
$1,171,320
Cap Rate 7%
$836,657
Cap Rate 9%
$650,733
Alternative Uses
Best Use
Apartment 5plus
$836.7K
$732.1K – $976.1K
NOI $58,566 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,391 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
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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
$228,800
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Bakersfield, CA
Properties on Market for Multifamily properties in Bakersfield
Vacancy Rate% for Multifamily in West region
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 $1,250,000.
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
