615 Flower Street Bakersfield, CA 93305
MULTI_FAMILY - Bakersfield, CA
- Added:
- May 29, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 14 at 10:06 am
Property Features for 615 Flower Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage, Covered
- Standard status
- Active
- APN
- 01319004
- Size
- 1,913 SF
- Lot size
- 0.26 Acres
Building Details
- Year built
- 1913
- Floors in Building
- 1
- Number of units
- 3
Listing agent Jessica Fuentes-Mata (661) 378-8061
Listing office Miramar Realty 9700 Stockdale Hwy, Suite 329, Bakersfield, CA (661) 381-6500
Listing date May 29, 2026
Copyright © 2026 Bakersfield 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.
Investment Insights
Based on property information with market context.
Key Highlights
- 1913‑built property with 3 separate units: main home plus a duplex behind the residence
- Main home has 3 bedrooms and 2 bathrooms, plus a detached 2‑car garage
- Duplex includes Unit A: 1 bed, 1 bath with living room and kitchen, with a newer mini‑split system
Local Financial Insights For Multifamily LT 5
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 | $37.9k | $19.80 |
| − Vacancy | −$2.5k | −$1.29 |
| EGI | $35.4k | $18.51 |
| − OpEx | −$10.6k | −$5.55 |
| NOI | $24.8k | $12.96 |
