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Three of Four Units Occupied · Immediate Upside on the Vacant Fourth
This is a conveniently located, professionally managed four-unit property in Bakersfield's Old Town Kern, walking distance to Downtown Bakersfield, with three of four units currently occupied by paying tenants and one unit sitting vacant and ready for a buyer to set the rent, place a tenant of their choice, or move in themselves. Two of the four units, C and D, were fully remodeled with granite countertops, fresh paint, tile flooring, and updated appliances. At $5,100 per month in combined actual and asking rent, with a newer roof and modern electrical already in place, this is a clean entry point into Kern County multifamily with built-in flexibility from day one.
Physical & Legal Summary
| Address | 1316 E. California Ave, Bakersfield, CA 93307 |
| Asking Price | $629,000 |
| MLS Number | 202608217 |
| APN | 01736010 |
| Zoning | C-2 |
| Year Built | 1986 |
| Building Type | 4-Plex, 2 Stories |
| Total Units | 4 (all 3BD / 1BA) |
| Gross Building Area | 3,932 SF (per public record) |
| Lot Size | 8,652 SF |
| Parking | Uncovered |
| Laundry | In-Unit Hookups |
| HVAC | Central AC / Heat |
| Occupancy | 75% (3 of 4 units occupied) |
| Submarket | Old Town Kern, Central/East Bakersfield |
Why This Property Works
- Immediate upside via the vacant unit. Set market rent, place a tenant of your choice, or move in yourself — no waiting on a lease to turn.
- Two units already renovated. Units C and D feature granite countertops, fresh paint, tile flooring, and updated appliances, meaning less near-term capital required.
- Tenant-paid utilities. Tenants cover their own gas and electric, keeping owner operating expenses lean.
- Newer major systems. Roof estimated at a 2016 install and modern 100-Amp electrical service reduce near-term capex and insurance risk.
- Proven tenant stability. One unit has held the same tenant for five years running.
- Simple, scalable asset. A uniform 3BD/1BA unit mix across all four units keeps management, turnover, and comps straightforward.
- Walk to Downtown Bakersfield. Old Town Kern sits immediately east of the city center, in a walkable, historic pocket of the city.
In-Place & Asking Rents — 3 of 4 Units Occupied
| Unit | Type | Sq Ft | Status | Monthly Rent | Annual Rent |
|---|---|---|---|---|---|
| Unit A | 3BD / 1BA | ~983* | Occupied | $1,250 | $15,000 |
| Unit B | 3BD / 1BA | ~983* | Vacant (asking) | $1,250 | $15,000 |
| Unit C | 3BD / 1BA | ~983* | Occupied · 5-yr tenant | $1,350 | $16,200 |
| Unit D | 3BD / 1BA | ~983* | Occupied | $1,250 | $15,000 |
| Total — 4 Units, 75% Occupied | $5,100 / mo | $61,200 | |||
*Estimated average unit size, based on total building square footage (3,932 SF per public record) divided across four units; individual unit measurements not independently confirmed. Units A, C, and D rents reflect actual in-place rents as of listing date. Unit B is currently vacant; rent shown reflects asking/market rent, not actual collected income.
Annual Income & Expense Analysis
| Gross Scheduled Income | $61,200 |
| Vacancy Allowance | — |
| Effective Gross Income | $61,200 |
| Operating Expenses | |
| Property Tax | $10,108 |
| Fire Insurance | $3,000 |
| Property Management | $3,776 |
| Repairs & Maintenance | $5,035 |
| Utilities | $1,920 |
| Additional Expenses† | $600 |
| Total Operating Expenses | $24,439 |
| Net Operating Income (NOI) | $36,761 |
†Per broker-provided expense totals; specific allocation not separately itemized by property management. All financial data is pro forma, based on current in-place and asking rents and broker-provided expense figures. This information has been obtained from sources deemed reliable but is not guaranteed. Prospective buyers are encouraged to perform independent due diligence and consult qualified financial, tax, and legal advisors prior to making an investment decision. Jordan Apartment Guys makes no representations or warranties, express or implied, as to the accuracy or completeness of this information.
Old Town Kern & Central Bakersfield
Bakersfield remains one of the few California markets where multifamily investment still produces meaningful cap rates, backed by a diversified Kern County economy spanning agriculture, energy, healthcare, and logistics. Old Town Kern sits immediately east of Downtown Bakersfield — a walkable, historically rich neighborhood known for its local restaurants and small-town character — putting tenants minutes from the city's civic and commercial core without downtown pricing.
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jordanapartmentguys.com Kern County Multifamily Acquisitions & Dispositions MLS # 202608217 8700 Stockdale Hwy Bakersfield, CA 93311 |
