Four-Unit Residential Income
For Sale
$615,000
3418 N Chester Avenue, Bakersfield, CA 93308
Residential Income, Bakersfield, CA
Property Size3,360 SF
Lot Size0.21 Acres
Price / SF$183.04
Days on Market128
Property Features for 3418 N Chester Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Elementary school
Highland
Middle school
Standard
High school
North
Elementary school district
Standard
Subdivision
21
Standard status
Active
APN
11729001
Size
3,360 SF
Lot size
0.21 Acres
Additional Details
Tenant in Place
Yes
Building Details
Year built
1967
Floors in Building
1
Number of units
4
Listing Agency:
Stockdale Real Estate Group
(661) 377-3800
Listed By:
Dominic V Antongiovanni
(661) 599-9886
Added: Jun 27
Changed: Oct 29
Last Checked: Nov 1 at 7:06AM
MLS# 202606930
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 four-unit residential property contains 3,360 square feet on a 0.21-acre parcel. Each apartment has two bedrooms, one bathroom, and its own HVAC system. Three units were refurbished within the past two years, and two HVAC systems were replaced during that period. The property was built in 1967 and includes covered parking.
All four apartments have tenants in place. The property is located in Bakersfield, California.
All four apartments have tenants in place. The property is located in Bakersfield, California.
Key Highlights
- Four units, each with two bedrooms and one bathroom
- 3,360 square feet on a 0.21‑acre parcel
- All four units currently occupied
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are occupied, with recent unit updates and individual HVAC systems.
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: Four units, each with two bedrooms and one bathroom; 3,360 square feet on a 0.21‑acre parcel; All four units currently occupied
