Renovated 4-Unit
5900 Stockdale Hwy, Bakersfield, CA 93309
For Sale
New
$859,000
The property combines a varied apartment mix with a fenced rear area and convenient access to Highway 99.
Property Size4,525 SF
Lot Size0.25 Acres
Price / SF$189.83
Days on Market6
Property Features for 5900 Stockdale Hwy
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Amenities
Location, Location, Location - Southwest Bakersfield
Near Shopping Centers, Eateries, Schools
Strong Equity Investment Property
Strong Cashflowing Property
Very Desirable Unit Mix
Building Details
Building Size
Year Built
Year Renovated
Units
Listing Agency:
Marcus & Millichap | Bakersfield
Listed By:
Jorge Garcia
(661) 546-8527
Source:
Marcusmillichap
Added: Nov 8
Last Checked: Nov 12 at 4:20AM
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 Marcus & Millichap | Bakersfield
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Investment Insights
Based on property information with market context.
This four-unit multifamily property at 5900 Stockdale Highway contains 4,525 square feet on an approximately 0.25-acre parcel. Built in 1967, it received interior renovations in 2022, including updates to kitchens, bathrooms, flooring, cabinetry, and living areas. The unit mix comprises one 3-bedroom, 2-bath apartment, two 2-bedroom, 2-bath apartments, and one 1-bedroom, 1-bath apartment above the garage structures. A fenced area is located at the rear of the property.
Stockdale Country Club, California State University, Bakersfield, retail centers, and several national restaurant and fitness brands are nearby. Highway 99 on- and off-ramps provide regional roadway access, and elementary, middle, and high schools are also in the vicinity.
Stockdale Country Club, California State University, Bakersfield, retail centers, and several national restaurant and fitness brands are nearby. Highway 99 on- and off-ramps provide regional roadway access, and elementary, middle, and high schools are also in the vicinity.
Key Highlights
- Four apartments with a 3‑bedroom, 2‑bath; two 2‑bedroom, 2‑bath; and a 1‑bedroom, 1‑bath unit
- 4,525 square feet on an approximately 0.25‑acre parcel
- Interior renovations completed in 2022; original construction dates to 1967
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,640
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,172,800
$1.2M
Cap Rate 7%
$837,714
$837.7K
Cap Rate 9%
$651,556
$651.6K
Market Conditions
NOI Build-Up for 4,525 SF
Gross rent
$89.6K $19.80/SF
− Vacancy
−$5.8K −$1.29/SF
EGI
$83.8K $18.51/SF
− OpEx
−$25.1K −$5.55/SF
NOI
$58.6K $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%
$1,172,800
Cap Rate 7%
$837,714
Cap Rate 9%
$651,556
Alternative Uses
Best Use
Multifamily LT 5
$837.7K
$733.0K – $977.3K
NOI $58,640 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$778.0K
$680.8K – $907.7K
NOI $54,462 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,056 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,734
Businesses Nearby
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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
$286,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Bakersfield, CA
Properties on Market for Quadplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - The property combines a varied apartment mix with a fenced rear area and convenient access to Highway 99.
Where is this quadplex located?
The property is located at 5900 Stockdale Hwy Bakersfield, CA.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: Four apartments with a 3‑bedroom, 2‑bath; two 2‑bedroom, 2‑bath; and a 1‑bedroom, 1‑bath unit; 4,525 square feet on an approximately 0.25‑acre parcel; Interior renovations completed in 2022; original construction dates to 1967
