Four-Unit Gated Community
For Sale
$872,000
600 Hosking Avenue #10, 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
Price / SF$196.75
Days on Market98
Property Features for 600 Hosking Avenue #10
General Information
Standard status
Active
Size
4,432 SF
Property subtype
Quadruplex
Units
Unit Mix
2 x 3BR, 2 x 2BR
Multifamily Units
4
Amenities
gated community
clubhouse
fitness center
swimming pool
sports field
Central AC
Central Heat
Building Details
Year Built
2006
Buildings
1
Stories
2
Listing Agency:
Bluehorse Real Estate
(661) 889-4713
Listed By:
Garry Singh · License #01906671
(661) 889-4713
Source:
Kw
Added: May 9
Changed: Aug 13
Last Checked: Aug 13 at 4:58PM
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 Bluehorse Real Estate
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,390
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.47%
Second Best
Apartment 5plus
$724.3K
$633.8K – $845.0K
NOI $50,701 @ 7.0% cap · market cap 5.81%
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,657 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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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 Avenue #10 Bakersfield, CA.
What is the asking price?
The asking price for this property is $872,000.
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
