Refurbished Quadplex with Individual
For Sale
$615,000
3418 N Chester Ave, Bakersfield, CA 93308
Residential units feature consistent two-bedroom layouts, private HVAC, and recent refurbishment work.
Property Size3,360 SF
Price / SF$183.04
Days on Market112
Property Features for 3418 N Chester Ave
General Information
Standard status
Active
Size
3,360 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Listing Agency:
Stockdale Real Estate Group
(661) 377-3800
Listed By:
Dominic V. Antongiovanni
(661) 599-9886
Source:
Exprealty
Added: Jun 27
Changed: Oct 5
Last Checked: Oct 15 at 2:27AM
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 Stockdale Real Estate Group
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Investment Insights
Based on property information with market context.
Located at 3418 N Chester Ave in Bakersfield, this 3,360 SF quadplex contains four residential units with a consistent two-bedroom, one-bath configuration. Each unit is equipped with its own HVAC system, providing separate climate control for the individual residences.
Three units have undergone refurbishment within the last two years, while two HVAC systems were replaced during that period. The property is currently occupied by tenants across all four units, creating an established multifamily operating profile.
Three units have undergone refurbishment within the last two years, while two HVAC systems were replaced during that period. The property is currently occupied by tenants across all four units, creating an established multifamily operating profile.
Key Highlights
- 3,360 SF quadplex with four residential units
- All four units have current tenants in place
- Each unit offers 2 bedrooms and 1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,543
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,860
$870.9K
Cap Rate 7%
$622,043
$622.0K
Cap Rate 9%
$483,811
$483.8K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$66.5K $19.80/SF
− Vacancy
−$4.3K −$1.29/SF
EGI
$62.2K $18.51/SF
− OpEx
−$18.7K −$5.55/SF
NOI
$43.5K $12.96/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$870,860
Cap Rate 7%
$622,043
Cap Rate 9%
$483,811
Alternative Uses
Best Use
Multifamily LT 5
$622.0K
$544.3K – $725.7K
NOI $43,543 @ 7.0% cap · market cap 7.08%
Second Best
Apartment 5plus
$577.7K
$505.5K – $674.0K
NOI $40,440 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$891.6K
$780.2K – $1.04M
NOI $62,415 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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?
Quadplex - Residential units feature consistent two-bedroom layouts, private HVAC, and recent refurbishment work.
Where is this quadplex located?
The property is located at 3418 N Chester Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 3,360 SF quadplex with four residential units; All four units have current tenants in place; Each unit offers 2 bedrooms and 1 bath
