Fourplex with Renovated
For Sale
$660,000
816 East 19th St, Bakersfield, CA 93305
Three apartments have been updated, while all residences include laundry hookups and central heating and cooling.
Property Size3,660 SF
Days on Market10
Property Features for 816 East 19th St
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Investment
Lease Term
Month-to-month
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,343
Amenities
solar exterior lighting
washer and dryer hookups
central AC/heat
onsite management
secure
Building Details
Building Size
3,660 SF
Year Built
1985
Stories
2
Units
4
Listing Agency:
KP Realty & Associates
Listed By:
Adriana Marquez
(562) 774-8766
Source:
Elliman
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 30 at 4:35PM
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 KP Realty & Associates
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Investment Insights
Based on property information with market context.
Built in 1985, this four-unit property has central air conditioning and heat in each residence, along with washer and dryer connections. Three units have undergone renovations. Solar-powered exterior lights serve the property, and on-site management handles maintenance and cleaning. The building shares a parking area with two other buildings on the lot.
Key Highlights
- Four residential units, with three recently renovated
- Central air conditioning and heat in each unit
- Washer and dryer hookups in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,430
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$948,600
$948.6K
Cap Rate 7%
$677,571
$677.6K
Cap Rate 9%
$527,000
$527.0K
Market Conditions
NOI Build-Up for 3,660 SF
Gross rent
$72.5K $19.80/SF
− Vacancy
−$4.7K −$1.29/SF
EGI
$67.8K $18.51/SF
− OpEx
−$20.3K −$5.55/SF
NOI
$47.4K $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%
$948,600
Cap Rate 7%
$677,571
Cap Rate 9%
$527,000
Alternative Uses
Best Use
Multifamily LT 5
$677.6K
$592.9K – $790.5K
NOI $47,430 @ 7.0% cap · market cap 7.19%
Second Best
Apartment 5plus
$629.3K
$550.6K – $734.2K
NOI $44,051 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$971.3K
$849.9K – $1.13M
NOI $67,988 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,071
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments have been updated, while all residences include laundry hookups and central heating and cooling.
Where is this quadplex located?
The property is located at 816 East 19th St Bakersfield, CA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Four residential units, with three recently renovated; Central air conditioning and heat in each unit; Washer and dryer hookups in every unit
