Seven-Unit Apartment
For Sale
$1,999,999
319 Holtby Road, Bakersfield, CA 93304
Residential Income, Bakersfield, CA
Property Size4,866 SF
Lot Size0.60 Acres
Price / SF$411.02
Days on Market149
Property Features for 319 Holtby Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
8
Parking features
Carport, Garage
Elementary school
Roosevelt_Bak
Middle school
Emerson
High school
Bakersfield
Subdivision
10
Standard status
Active
APN
00818213
Size
4,866 SF
Lot size
0.60 Acres
Building Details
Year built
1930
Floors in Building
1
Number of units
7
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Esteban Contreras · License #CA01975384
(661) 617-0074
Added: May 20
Changed: Sep 17
Last Checked: Oct 15 at 7:06PM
MLS# 202605510
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This multifamily property includes 8 separate buildings containing 7 units and 4,866 square feet of living space. Constructed in 1930, the improvements occupy a 0.6-acre lot with open parking, outdoor areas, garages, and carports. The property is offered as-is, with offers subject to interior inspection and instructions not to disturb tenants.
The property is in Bakersfield’s historic Oleander Tract and provides access to Roosevelt Elementary, Emerson Jr. High, and Bakersfield High School, along with shopping, dining, and transit. Its location is identified by the address 319 Holtby Road, Bakersfield, CA 93304.
The property is in Bakersfield’s historic Oleander Tract and provides access to Roosevelt Elementary, Emerson Jr. High, and Bakersfield High School, along with shopping, dining, and transit. Its location is identified by the address 319 Holtby Road, Bakersfield, CA 93304.
Key Highlights
- 7‑unit multifamily property across 8 separate 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
2.93%
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Eight separate buildings create a low-density multifamily layout with garage and carport parking.
Where is this apartment building located?
The property is located at 319 Holtby Road 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‑unit multifamily property across 8 separate buildings; 4,866 square feet of living space on a 0.6‑acre lot; Built in 1930
