Four-Unit Gated
For Sale
$875,000
600 Hosking Avenue, Bakersfield, CA 93307
Residential Income, Bakersfield, CA
Property Size4,432 SF
Lot Size0.13 Acres
Price / SF$197.43
Days on Market18
Property Features for 600 Hosking Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Elementary school
Valley Verde
Middle school
McKee
High school
Golden Valley
Subdivision
51
Standard status
Active
APN
51647066
Size
4,432 SF
Lot size
0.13 Acres
Amenities
swimming pool
basketball courts
fitness center
laundry hookups
covered parking
gated community
Building Details
Year built
2006
Floors in Building
2
Number of units
4
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk · License #02223453
6613760575x1
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 30 at 7:06AM
MLS# 202608714
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2006, this 4,432-square-foot quadplex contains four residential units with a varied configuration: two units offer three bedrooms and two bathrooms, while two provide two bedrooms and 1.5 bathrooms. Each unit includes laundry hookups, and the property has covered carport parking.
Residents have access to community amenities including a swimming pool, basketball courts, and a fitness center. The 0.13-acre property is situated within a gated community, combining a defined residential setting with shared recreational facilities.
Residents have access to community amenities including a swimming pool, basketball courts, and a fitness center. The 0.13-acre property is situated within a gated community, combining a defined residential setting with shared recreational facilities.
Key Highlights
- Four‑unit multifamily property totaling 4,432 square feet
- Unit mix includes two 3‑bedroom, 2‑bath units and two 2‑bedroom, 1.5‑bath units
- Built in 2006 on a 0.13‑acre property
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
6.44%
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 6.44%
Second Best
Apartment 5plus
$724.3K
$633.8K – $845.0K
NOI $50,701 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$1.10M
$958.2K – $1.28M
NOI $76,657 @ 7.0% cap · market cap 8.76%
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
103
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Gated residential property with shared recreation amenities and laundry hookups in every unit.
Where is this quadplex located?
The property is located at 600 Hosking Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four‑unit multifamily property totaling 4,432 square feet; Unit mix includes two 3‑bedroom, 2‑bath units and two 2‑bedroom, 1.5‑bath units; Built in 2006 on a 0.13‑acre property
