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    Four-Unit Residential Income Property Title is generated by Realmo AI

    3418 N Chester Avenue, Bakersfield, CA 93308

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    Claim this Listing
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    For Sale
    $615,000

    MULTI_FAMILY - Bakersfield, CA

    Property size:
    3,360 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $183/SF
    Added:
    Jun 27, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 27 at 7:06 pm

    Property Features for 3418 N Chester Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Covered
    Standard status
    Active
    APN
    11729001
    Size
    3,360 SF
    Lot size
    0.21 Acres

    Building Details

    Year built
    1967
    Floors in Building
    1
    Number of units
    4

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    Dominic V Antongiovanni

    Listing agent Dominic V Antongiovanni

    Listing office Stockdale Real Estate Group 1700 K Street #200, Bakersfield, CA

    Listing date Jun 27, 2026

    MLS# 202606930 Listing URL

    Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • All four units currently have tenants in place, creating immediate rental occupancy
    • Four‑unit property with 2 bedrooms and 1 bath in each unit
    • Each unit has its own HVAC system
    • Two HVAC systems were replaced in the last two years
    • 3 units have been refurbished in the last two years
    • Parking features include covered parking

    Overview

    This four-unit residential income property offers four separate two-bedroom, one-bath units. Each unit has its own HVAC system, supporting independent heating and cooling for occupants. According to the seller, two of the HVAC systems were replaced within the last two years. In addition, three units were refurbished within the last two years.

    The property is located at 3418 N Chester Avenue in Bakersfield, California 93308, within Kern County. The lot size is listed as 0.21 acres, and the property size is listed as 3,360 square feet.

    For buyers seeking a small multifamily asset, the current tenant occupancy is a practical consideration, with all four units noted as having tenants in place. Because tenants are currently there, showings require coordination with the agent, and access should be arranged in advance with a Do Not Disturb instruction for occupants.

    Local Financial Insights For Multifamily LT 5

    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 $66.5k $19.80
    − Vacancy −$4.3k −$1.29
    EGI $62.2k $18.51
    − OpEx −$18.7k −$5.55
    NOI $43.5k $12.96
    3,360 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $622.0K
    $544.3K – $725.7K (±1% cap)
    NOI $43,543 @ 7.0% cap · market cap 7.08%
    Second Best
    Apartment 5plus
    $577.7K
    $505.5K – $674.0K (±1% cap)
    NOI $40,440 @ 7.0% cap · market cap 6.58%
    Theoretical Best
    Office A
    $891.6K
    $780.2K – $1.04M (±1% cap)
    NOI $62,415 @ 7.0% cap · market cap 10.15%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.020927
    Latitude
    35.437367

    FAQs

    What type of property is this?
    Quadplex - Four tenant-occupied two-bedroom, one-bath units each with its own HVAC system.
    Where is this quadplex located?
    The property is located at 3418 N Chester Avenue 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: All four units currently have tenants in place, creating immediate rental occupancy; Four‑unit property with 2 bedrooms and 1 bath in each unit; Each unit has its own HVAC system
    More about this property
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