Four-Unit Gated Community
For Sale
$860,000
Pending
600 Hosking, Bakersfield, CA 93307
Gated community property with a two-bedroom and three-bedroom unit mix, central air conditioning, and central heat.
Property Size4,432 SF
Days on Market87
Property Features for 600 Hosking
General Information
Standard status
Pending
Size
4,432 SF
Property subtype
Investment
Units
Unit Mix
2 x 3BR, 2 x 2BR
Multifamily Units
4
Amenities
gated community
clubhouse
fitness center
swimming pool
sports field
Building Details
Building Size
4,432 SF
Year Built
2006
Buildings
1
Stories
2
Units
4
Listed By:
Eric VanDenk
Source:
Elliman
Added: Aug 10
Changed: Oct 26
Last Checked: Nov 3 at 6:09AM
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 Eric VanDenk
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Investment Insights
Based on property information with market context.
This four-unit residential income property was constructed in 2006 and contains 4,432 square feet. The configuration includes two 3-bedroom residences and two 2-bedroom residences, offering a balanced mix within one building. Interior features include central AC and central heat.
Residents have access to a gated community setting with a clubhouse, fitness center, swimming pool, and sports field. The combination of multiple unit layouts, established construction, and community amenities supports both rental use and owner occupancy.
Residents have access to a gated community setting with a clubhouse, fitness center, swimming pool, and sports field. The combination of multiple unit layouts, established construction, and community amenities supports both rental use and owner occupancy.
Key Highlights
- Four‑unit property with 4,432 square feet of building area
- Unit mix includes (2) 3‑bedroom units and (2) 2‑bedroom units
- Constructed in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,390
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,800
$1.1M
Cap Rate 7%
$805,571
$805.6K
Cap Rate 9%
$626,556
$626.6K
Market Conditions
NOI Build-Up for 4,432 SF
Gross rent
$86.2K $19.44/SF
− Vacancy
−$5.6K −$1.26/SF
EGI
$80.6K $18.18/SF
− OpEx
−$24.2K −$5.45/SF
NOI
$56.4K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,127,800
Cap Rate 7%
$805,571
Cap Rate 9%
$626,556
Alternative Uses
Best Use
Multifamily LT 5
$805.6K
$704.9K – $939.8K
NOI $56,390 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$724.3K
$633.8K – $845.0K
NOI $50,701 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,657 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
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Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
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 - Gated community property with a two-bedroom and three-bedroom unit mix, central air conditioning, and central heat.
Where is this quadplex located?
The property is located at 600 Hosking Bakersfield, CA.
What is the asking price?
The asking price for this property is $860,000.
What are key features of this property?
This property features: Four‑unit property with 4,432 square feet of building area; Unit mix includes (2) 3‑bedroom units and (2) 2‑bedroom units; Constructed in 2006
