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Four-Unit Residential Income Property

3418 N Chester Avenue Bakersfield, CA 93308

3418 N Chester Avenue, Bakersfield, CA, 93308
$615,000
For Sale
Claim this Listing
$615,000

MULTI_FAMILY - Bakersfield, CA

Property Size3,360 SF
Lot Size0.21 Acres
Price / SF$183.04
AddedJun 27
Days on Market19
Last RefreshJul 15 at 9:06 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

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.


Investment Insights

Based on property information with market context.

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.

Key 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

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 Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Real Estate Agency Law Firm Dental Office Building Supply Hair Salon HVAC Service Parking Lot & Garage Big Box & Wholesale Store Electrical Service Kitchen & Bath Showroom

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

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
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