Chester Avenue, Bakersfield, CA 93308
Fully occupied six-unit property in Bakersfield with steady income.
- Added:
- Jun 3, 2025
- Days on Market:
- 374
- Last Refresh:
- Apr 5 at 8:42 pm
Property Features for Chester Avenue
General Information
- Standard status
- Active
- Size
- 4,950 SF
- Lot size
- 0.49 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing agent EVELYN WAIDHOFER License #00972179
Listing office CLASSIC INVESTMENTS (310) 710-4625
Listing date Jun 3, 2025
Source Corcoran
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 CLASSIC INVESTMENTS
HighLights
- Six fully occupied units offering steady income.
- Two units are completely remodeled.
- Each unit has its own private yard.
- Conveniently located with central air/heating.
- Inside washer/dryer hookups in each unit.
- Situated on a half‑acre lot with 14 parking spaces.
Overview
Local Financial Insights For Apartment 5plus
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 | $115.2k | $23.28 |
| − Vacancy | −$6.9k | −$1.40 |
| EGI | $108.3k | $21.88 |
| − OpEx | −$48.7k | −$9.85 |
| NOI | $59.6k | $12.04 |
Alternative Uses
Current Use by Public Records
Map
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -119.019
- Latitude
- 35.3537
