Four-Unit Multifamily
For Sale
$1,100,000
7612 Stockdale Highway, Bakersfield, CA 93309
Occupied residential income property with central heating and air conditioning in Bakersfield.
Property Size4,784 SF
Days on Market55
Property Features for 7612 Stockdale Highway
General Information
Standard status
Active
Size
4,784 SF
Property subtype
Quadruplex
Amenities
Central AC
Central Heat
Building Details
Building Size
4,784 SF
Year Built
1978
Stories
1
Listing Agency:
Coldwell Banker Preferred
(661) 616-3600
Listed By:
Bret Carter
(661) 616-3600
Source:
Kw
Added: Jul 9
Changed: Aug 30
Last Checked: Sep 1 at 12:19AM
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 Coldwell Banker Preferred
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 7612 Stockdale Highway in Bakersfield, California, was built in 1978 and includes central air conditioning and central heat. All four units are currently occupied, providing an existing operating profile for a new owner.
Current rents are described as slightly below market, creating room for future rent adjustments. The property has also been maintained with an established maintenance history, supporting continued residential use.
Current rents are described as slightly below market, creating room for future rent adjustments. The property has also been maintained with an established maintenance history, supporting continued residential use.
Key Highlights
- Four‑unit multifamily property
- All units currently occupied
- Central air conditioning and central heat
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
$61,996
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
5.64%
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%
$1,239,920
$1.2M
Cap Rate 7%
$885,657
$885.7K
Cap Rate 9%
$688,844
$688.8K
Market Conditions
NOI Build-Up for 4,784 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
$94.7K $19.80/SF
− Vacancy
−$6.2K −$1.29/SF
EGI
$88.6K $18.51/SF
− OpEx
−$26.6K −$5.55/SF
NOI
$62.0K $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 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%
$1,239,920
Cap Rate 7%
$885,657
Cap Rate 9%
$688,844
Alternative Uses
Best Use
Multifamily LT 5
$885.7K
$775.0K – $1.03M
NOI $61,996 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$822.6K
$719.7K – $959.7K
NOI $57,579 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,868 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
332
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?
Quadplex - Occupied residential income property with central heating and air conditioning in Bakersfield.
Where is this quadplex located?
The property is located at 7612 Stockdale Highway Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Four‑unit multifamily property; All units currently occupied; Central air conditioning and central heat
