Building Details

Year Built 1971

Stories 2

Listing Agency: Central Valley Property Advisors

Listed By: Eric VanDenk · License #02071696 Show Phone

Source: Besthomesbakersfield

Added: Oct 29 Changed: Nov 3 Last Checked: Nov 4 at 6:07AM

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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 Central Valley Property Advisors

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Investment Insights

Based on property information with market context.

This 3,136-square-foot quadplex contains four two-bedroom, one-bathroom residences. Interior updates include fresh paint and luxury vinyl flooring, while washer and dryer hookups are provided in each unit. Electrical and plumbing systems have also been updated, and the units are prepared for leasing.

Built in 1971, the property is located at 1211 Alta Vista Dr in Bakersfield. Its four-unit configuration and consistent floor plans define the residential offering.

Key Highlights

• Four units, each with 2 bedrooms and 1 bathroom
• 3,136 square feet across the quadplex
• Fresh paint and luxury vinyl flooring in all units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,143

Cap Rate

5.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$782,860 $782.9K

Cap Rate 7%

$559,186 $559.2K

Cap Rate 9%

$434,922 $434.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,136 SF

Gross rent

$57.6K $18.36/SF

− Vacancy

−$1.7K −$0.53/SF

EGI

$55.9K $17.83/SF

− OpEx

−$16.8K −$5.35/SF

NOI

$39.1K $12.48/SF

Area

Kern County, CA

Vacancy

2.88%

Lease Rate

$18.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$782,860

Cap Rate 7%

$559,186

Cap Rate 9%

$434,922

Alternative Uses

Best Use

Multifamily LT 5

$559.2K

$489.3K – $652.4K (±1% cap)

NOI $39,143 @ 7.0% cap · market cap 5.40%

Second Best

Apartment 5plus

$516.1K

$451.6K – $602.1K (±1% cap)

NOI $36,127 @ 7.0% cap · market cap 4.98%

Theoretical Best

Warehouse

$669.9K

$586.2K – $781.6K (±1% cap)

NOI $46,896 @ 7.0% cap · market cap 6.47%

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

Location Intelligence

Trade Area within ½ mile

2

Businesses Nearby

Explore this area Business Placement

Demographics for 93305, CA

38,392

Population

11,824

Households

3.2

Avg Household Size

29

Median Age

9%

College-Educated

64%

High-School Grad

5.8 sq mi

ZIP Area

6,619

Density / Sq Mi

$41,290

Median Household Income

$27,936

Median Earnings

$1,065

Median Rent

$245,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Quadplex - Each residence offers a two-bedroom, one-bath layout with washer and dryer connections.

Where is this quadplex located?

The property is located at 45845 Manzanita Dr Posey, CA.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,136 square feet across the quadplex; Fresh paint and luxury vinyl flooring in all units