Four-Building Quadplex
New
For Sale
Contact for pricing
7713 S Laurelglen Blvd, Bakersfield, CA 93309
Residents are individually metered for PG&E and pay that utility directly.
Property Size16,704 SF
Lot Size0.92 Acres
Price / SF$223.30
Days on Market6
Property Features for 7713 S Laurelglen Blvd
General Information
Standard status
Active
Size
16,704 SF
Lot size
0.92 Acres
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
16 x 2BR/2.5BA
Multifamily Units
16
Additional Details
Utilities to Site
Yes
Building Details
Buildings
4
Listing Agency:
Colliers - Bakersfield, California
Listed By:
Jason Alexander · License #CA 01360995
(559) 256-2449
Source:
Crexi
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:47PM
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 Colliers - Bakersfield, California
Investment Insights
Based on property information with market context.
The property comprises four buildings with four residences apiece, totaling 16 units across approximately 16,704 square feet. Each residence offers two bedrooms and 2.5 bathrooms. The buildings occupy four separate parcels within a combined approximately 0.92 acres. Most units have updated interiors, including vinyl flooring, carpet, refreshed kitchens and bathrooms, new fixtures, and granite countertops. Balconies and decks were remodeled in 2024, and exterior siding was refurbished and repainted in 2021. A composition roof was installed in 2010, and HVAC units have been replaced at various times.
Occupancy is 100%. PG&E is individually metered to each unit and paid by tenants; the landlord covers water, sewer, and trash.
Occupancy is 100%. PG&E is individually metered to each unit and paid by tenants; the landlord covers water, sewer, and trash.
Key Highlights
- 16 units across four buildings, with each building on its own parcel
- Four parcels totaling approximately 0.92 acres and 16,704 square feet across the buildings
- Each unit has 2 bedrooms and 2.5 bathrooms
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
$216,469
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
5.80%
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%
$4,329,380
$4.3M
Cap Rate 7%
$3,092,414
$3.1M
Cap Rate 9%
$2,405,211
$2.4M
Market Conditions
NOI Build-Up for 16,704 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
$330.7K $19.80/SF
− Vacancy
−$21.5K −$1.29/SF
EGI
$309.2K $18.51/SF
− OpEx
−$92.8K −$5.55/SF
NOI
$216.5K $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%
$4,329,380
Cap Rate 7%
$3,092,414
Cap Rate 9%
$2,405,211
Alternative Uses
Best Use
Multifamily LT 5
$3.09M
$2.71M – $3.61M
NOI $216,469 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$2.87M
$2.51M – $3.35M
NOI $201,045 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$4.43M
$3.88M – $5.17M
NOI $310,294 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
401
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Residents are individually metered for PG&E and pay that utility directly.
Where is this quadplex located?
The property is located at 7713 S Laurelglen Blvd Bakersfield, CA.
What is the asking price?
The asking price for this property is $3,730,000.
What are key features of this property?
This property features: 16 units across four buildings, with each building on its own parcel; Four parcels totaling approximately 0.92 acres and 16,704 square feet across the buildings; Each unit has 2 bedrooms and 2.5 bathrooms
