Four-Unit Multifamily
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For Sale
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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 Market5
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: Sep 18
Last Checked: Sep 18 at 3:02PM
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
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 = 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
$62,825
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
6.13%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
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
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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 - 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
