Five-Unit Apartment
For Sale
Contact for pricing
4420 Fjord Street, Bakersfield, CA 93309
Residentially zoned multifamily property in an established Bakersfield neighborhood.
Property Size4,551 SF
Price / SF$170.29
Days on Market53
Property Features for 4420 Fjord Street
General Information
Standard status
Active
Size
4,551 SF
Total Parking Spaces
14
Property subtype
Multifamily
Zoning
Residential – City of Bakersfield
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$30,918
Additional Details
Multifamily Units
5
Building Details
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Cushman & Wakefield - Bakersfield, California
Listed By:
Jeff Andrew · License #CA 00941323
(661) 327-2263
Source:
Crexi
Added: Aug 26
Changed: Oct 7
Last Checked: Oct 16 at 6:29AM
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 Cushman & Wakefield - Bakersfield, California
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Investment Insights
Based on property information with market context.
Located at 4420 Fjord Street in Bakersfield, California, this multifamily property contains five apartment units within approximately 4,551 square feet. The asset is situated in an established residential neighborhood and is classified under Residential zoning by the City of Bakersfield.
The property is positioned near employment centers, retail amenities, schools, parks, and transportation corridors, providing access to a range of everyday services and area destinations. Its five-unit configuration offers a compact multifamily format within the Bakersfield residential market.
The property is positioned near employment centers, retail amenities, schools, parks, and transportation corridors, providing access to a range of everyday services and area destinations. Its five-unit configuration offers a compact multifamily format within the Bakersfield residential market.
Key Highlights
- Five‑unit multifamily property
- Approximately 4,551 square feet
- Residential zoning designated by the City of Bakersfield
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,775
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,095,500
$1.1M
Cap Rate 7%
$782,500
$782.5K
Cap Rate 9%
$608,611
$608.6K
Market Conditions
NOI Build-Up for 4,551 SF
Gross rent
$105.9K $23.28/SF
− Vacancy
−$6.4K −$1.40/SF
EGI
$99.6K $21.88/SF
− OpEx
−$44.8K −$9.85/SF
NOI
$54.8K $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%
$1,095,500
Cap Rate 7%
$782,500
Cap Rate 9%
$608,611
Alternative Uses
Best Use
Apartment 5plus
$782.5K
$684.7K – $912.9K
NOI $54,775 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,539 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Check the figures for this property
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 - Residentially zoned multifamily property in an established Bakersfield neighborhood.
Where is this apartment building located?
The property is located at 4420 Fjord Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Five‑unit multifamily property; Approximately 4,551 square feet; Residential zoning designated by the City of Bakersfield
