Three-Unit Residential
New
For Sale
$300,000
607 Oildale Drive, Bakersfield, CA 93308
Residential Income, Bakersfield, CA
Property Size1,382 SF
Lot Size0.17 Acres
Price / SF$217.08
Days on Market2
Property Features for 607 Oildale Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bathroom 3
Directions
Take the CA 99 north get off on OILDALE / AIRPORT DR Turn right on ROBERTS LN Left on OILDALE DR house is on the left corner.
Subdivision
17 - Kern Co/Mojave/Cal C
Standard status
Active
APN
114-121-13
Size
1,382 SF
Lot size
0.17 Acres
Utilities
Heating system
Central, Natural Gas
Cooling system
Central Air
Building Details
Year built
1939
Number of units
3
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Z Real Estate
(661) 622-3476
Listed By:
Mary Johnson · License #01943249
(818) 599-8477
Added: Oct 14
Last Checked: Oct 15 at 7:06PM
MLS# 26007899
Copyright © 2026 Greater Antelope Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Set on a 0.17-acre parcel, this 1,382-square-foot residential property contains three separate living spaces: a main home with two bedrooms and one bathroom, a rear home with the same bedroom and bath count, and a studio. The main house has a newer roof and air-conditioning system. The rear home and studio each have a mini-split system.
Both rear living spaces are tenant-occupied. The property is zoned R-2 and is located in Bakersfield, California.
Both rear living spaces are tenant-occupied. The property is zoned R-2 and is located in Bakersfield, California.
Key Highlights
- Three separate residences: two‑bedroom, one‑bath main and rear homes, plus a studio
- 1,382 square feet on a 0.17‑acre parcel
- Two rear living spaces are tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,909
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,180
$358.2K
Cap Rate 7%
$255,843
$255.8K
Cap Rate 9%
$198,989
$199.0K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$27.4K $19.80/SF
− Vacancy
−$1.8K −$1.29/SF
EGI
$25.6K $18.51/SF
− OpEx
−$7.7K −$5.55/SF
NOI
$17.9K $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%
$358,180
Cap Rate 7%
$255,843
Cap Rate 9%
$198,989
Alternative Uses
Best Use
Multifamily LT 5
$255.8K
$223.9K – $298.5K
NOI $17,909 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$237.6K
$207.9K – $277.2K
NOI $16,633 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$366.7K
$320.9K – $427.9K
NOI $25,672 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - The property combines two-bedroom homes with a separate studio, and both rear residences are tenant-occupied.
Where is this triplex located?
The property is located at 607 Oildale Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three separate residences: two‑bedroom, one‑bath main and rear homes, plus a studio; 1,382 square feet on a 0.17‑acre parcel; Two rear living spaces are tenant‑occupied
