Four-Unit Multifamily
For Sale
Contact for pricing
8508 White Rock, Bakersfield, CA 93312
Built in 2006 within a gated community with resident amenities and attached garages for every residence.
Property Size5,134 SF
Price / SF$199.65
Days on Market48
Property Features for 8508 White Rock
General Information
Standard status
Active
Size
5,134 SF
Property subtype
Multifamily
Financials
Asking Price
$1,025,000
Gross Income
$100,560
HOA Fee
$647.68
Units
Unit Mix
2 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
4
Amenities
gated community
clubhouse
fitness center
private park
swimming pool
spa
BBQ area
Building Details
Year Built
2006
Buildings
1
Listing Agency:
ASU Commercial
Listed By:
Marc Thurston · License #CA 01099353
(661) 889-6597
Source:
Crexi
Added: Sep 15
Changed: Oct 25
Last Checked: Oct 30 at 10:59AM
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.
This four-unit multifamily property was built in 2006 and contains approximately 5,134 square feet. The unit mix includes two 3-bedroom, 2-bath residences and two 2-bedroom, 2-bath residences. Each unit has an attached two-car garage, providing dedicated parking and storage for residents.
The property is located within the gated Jasmine Parke community in Bakersfield. Community amenities include a clubhouse, fitness center, private park, swimming pool, spa, and BBQ area. All owners in Jasmine Parke use MD Atkinson for property management, creating a consistent management arrangement across the community.
The property is located within the gated Jasmine Parke community in Bakersfield. Community amenities include a clubhouse, fitness center, private park, swimming pool, spa, and BBQ area. All owners in Jasmine Parke use MD Atkinson for property management, creating a consistent management arrangement across the community.
Key Highlights
- Four‑unit property with approximately 5,134 square feet
- Unit mix includes two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath residences
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,825
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,500
$1.3M
Cap Rate 7%
$897,500
$897.5K
Cap Rate 9%
$698,056
$698.1K
Market Conditions
NOI Build-Up for 5,134 SF
Gross rent
$92.4K $18.00/SF
− Vacancy
−$2.7K −$0.52/SF
EGI
$89.8K $17.48/SF
− OpEx
−$26.9K −$5.24/SF
NOI
$62.8K $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%
$1,256,500
Cap Rate 7%
$897,500
Cap Rate 9%
$698,056
Alternative Uses
Best Use
Multifamily LT 5
$897.5K
$785.3K – $1.05M
NOI $62,825 @ 7.0% cap · market cap 6.13%
Second Best
Apartment 5plus
$821.4K
$718.8K – $958.4K
NOI $57,501 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.33M
$1.17M – $1.55M
NOI $93,250 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Built in 2006 within a gated community with resident amenities and attached garages for every residence.
Where is this quadplex located?
The property is located at 8508 White Rock Bakersfield, CA.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: Four‑unit property with approximately 5,134 square feet; Unit mix includes two 3‑bedroom/2‑bath and two 2‑bedroom/2‑bath residences; Built in 2006
