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    Fourplex Apartment Community Title is generated by Realmo AI

    8400 White Rock Drive, Bakersfield, CA 93312

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    Fourplex community developed in 2006–2008, designed for residential income ownership in Bakersfield.

    Type:Multifamily
    Property size:
    100,800 SF
    Price / SF:
    $228/SF
    Added:
    Jun 18, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 24 at 5:39 am

    Property Features for 8400 White Rock Drive

    General Information

    Standard status
    Active
    Size
    100,800 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    2006

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    Marc Thurston

    Listing office ASU Commercial

    Listing date Jun 18, 2026

    Source Crexi

    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 ASU Commercial

    HighLights

    • Fourplex community in Bakersfield developed between 2006 and 2008
    • Year built: 2006
    • Developed by local builder Ron Froehlich Jr.

    Overview

    Jasmine Parke is a fourplex apartment community consisting of multiple residential units within a single operating property. The community was developed between 2006 and 2008 by local builder Ron Froehlich Jr. and presents as a newer-generation fourplex product relative to many older small multifamily options.

    The property is located at 8400 White Rock Drive in Bakersfield, CA 93312. As an income-focused residential asset, it is structured to support day-to-day operations under one ownership umbrella rather than requiring separate ownership of individual units.

    For buyers, Jasmine Parke offers a fourplex format that can be a practical fit for both owner-operators and investors looking to acquire a residential income property with established unit layout within one community. With the project’s documented development timeframe and single-property configuration, it may appeal to purchasers seeking a straightforward fourplex acquisition aligned with residential rental operations.

    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 $1.81M $18.00
    − Vacancy −$52.3k −$0.52
    EGI $1.76M $17.48
    − OpEx −$528.6k −$5.24
    NOI $1.23M $12.24
    100,800 SF · lease $18.00/SF/yr · vacancy 2.88% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $17.62M
    $15.42M – $20.56M (±1% cap)
    NOI $1,233,502 @ 7.0% cap · market cap 5.36%
    Second Best
    Apartment 5plus
    $16.13M
    $14.11M – $18.82M (±1% cap)
    NOI $1,128,964 @ 7.0% cap · market cap 4.91%
    Theoretical Best
    Office A
    $26.16M
    $22.89M – $30.51M (±1% cap)
    NOI $1,830,851 @ 7.0% cap · market cap 7.96%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Jasmine Parke Luxury ... Apartment Complex

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bakersfield
    County
    Kern
    State
    California
    Longitude
    -119.0964279
    Latitude
    35.3672419

    FAQs

    What type of property is this?
    Quadplex - Fourplex community developed in 2006–2008, designed for residential income ownership in Bakersfield.
    Where is this quadplex located?
    The property is located at 8400 White Rock Drive Bakersfield, CA.
    What is the asking price?
    The asking price for this property is $23,000,000.
    What are key features of this property?
    This property features: Fourplex community in Bakersfield developed between 2006 and 2008; Year built: 2006; Developed by local builder Ron Froehlich Jr.
    More about this property
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