Fourplex Apartment
For Sale
Contact for pricing
Pending
8400 White Rock Drive, Bakersfield, CA 93312
Fourplex community developed in 2006–2008, designed for residential income ownership in Bakersfield.
Property Size100,800 SF
Days on Market121
Property Features for 8400 White Rock Drive
General Information
Standard status
Pending
Size
100,800 SF
Class
A
Property subtype
Multifamily
Zoning
R3
Occupancy
100%
Investment Type
Stabilized
Building Details
Year Built
2006
Buildings
20
Units
80
Tenancy
Multi
Listing Agency:
ASU Commercial
Listed By:
Marc Thurston · License #CA 01099353
(661) 889-6597
Source:
Crexi
Added: Jun 18
Changed: Oct 8
Last Checked: Oct 14 at 11:55PM
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
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Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Fourplex community in Bakersfield developed between 2006 and 2008
- Year built: 2006
- Developed by local builder Ron Froehlich Jr.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,233,502
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,670,040
$24.7M
Cap Rate 7%
$17,621,457
$17.6M
Cap Rate 9%
$13,705,578
$13.7M
Market Conditions
NOI Build-Up for 100,800 SF
Gross rent
$1.81M $18.00/SF
− Vacancy
−$52.3K −$0.52/SF
EGI
$1.76M $17.48/SF
− OpEx
−$528.6K −$5.24/SF
NOI
$1.23M $12.24/SF
Area
ZIP 93312
Vacancy
2.88%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,670,040
Cap Rate 7%
$17,621,457
Cap Rate 9%
$13,705,578
Alternative Uses
Best Use
Multifamily LT 5
$17.62M
$15.42M – $20.56M
NOI $1,233,502 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$16.13M
$14.11M – $18.82M
NOI $1,128,964 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$26.16M
$22.89M – $30.51M
NOI $1,830,851 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
Explore this area
Business Placement
Demographics for 93312, CA
58,714
Population
19,089
Households
3.1
Avg Household Size
36
Median Age
34%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
4,135
Density / Sq Mi
$112,654
Median Household Income
$56,041
Median Earnings
$1,958
Median Rent
$420,500
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
Frequently Asked Questions
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.
