8-Unit Apartment
For Sale
$960,000
Pending
600 S Real Rd, Bakersfield, CA 93309
Every residence follows the same two-bedroom, one-bathroom layout for consistent property operations.
Property Size6,534 SF
Days on Market28
Property Features for 600 S Real Rd
General Information
Standard status
Pending
Size
6,534 SF
Property subtype
Residential Income
Units
Unit Mix
8 x 2BR/1BA
Multifamily Units
8
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Eric VanDenk
(661) 376-0575
Source:
Exprealty
Added: Jul 6
Changed: Aug 2
Last Checked: Aug 2 at 2:51AM
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
Investment Insights
Based on property information with market context.
This 6,534-square-foot apartment property contains 8 units, each configured with 2 bedrooms and 1 bathroom. The standardized floor plan creates a consistent physical layout across the asset and provides a straightforward framework for ongoing property administration.
The property is located at 600 S Real Rd in Bakersfield, California 93309. Its uniform unit mix distinguishes the asset within the multifamily category and keeps the residential configuration consistent from one apartment to the next.
The property is located at 600 S Real Rd in Bakersfield, California 93309. Its uniform unit mix distinguishes the asset within the multifamily category and keeps the residential configuration consistent from one apartment to the next.
Key Highlights
- 8‑unit apartment property
- Uniform mix of 2‑bedroom, 1‑bathroom units
- 6,534 square feet of property size
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.1k | $23.28 |
| − Vacancy | −$9.1k | −$1.40 |
| EGI | $143.0k | $21.88 |
| − OpEx | −$64.3k | −$9.85 |
| NOI | $78.6k | $12.04 |
6,534 SF · lease $23.28/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$983.0K – $1.31M
NOI $78,642 @ 7.0% cap · market cap 8.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,376 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
569
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Every residence follows the same two-bedroom, one-bathroom layout for consistent property operations.
Where is this apartment building located?
The property is located at 600 S Real Rd Bakersfield, CA.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: 8‑unit apartment property; Uniform mix of 2‑bedroom, 1‑bathroom units; 6,534 square feet of property size
