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1018 Miller St 10 Unit Apartment Building $1,558,920 CAD ($155,892 CAD/Unit) 6.12% Cap Rate Bakersfield, CA 93305
Executive Summary
Located at 1018 Miller St in Bakersfield, CA, this well-positioned 10-unit multifamily asset offers a uniform floor plan of 1-bedroom, 1-bathroom units, providing operational simplicity and broad tenant appeal. The property currently generates gross annual income in excess of $103,000, reflecting consistent, in-place cash flow from a fully uniform unit mix. Bakersfield's steady rental demand, driven by its diverse local economy and relative affordability compared to coastal California markets, supports continued occupancy strength and upside potential through future rent growth or value-add improvements. With uniform units simplifying maintenance and management, 1018 Miller St presents an attractive opportunity for investors seeking a well-positioned, income-producing multifamily asset in a growing Central Valley submarket.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,558,920 CAD | Building Class | C |
| Price Per Unit | $155,892 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 3,808 SF |
| Cap Rate | 6.12% | Average Occupancy | 62% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 3.15/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | R-3 | ||
| Price | $1,558,920 CAD |
| Price Per Unit | $155,892 CAD |
| Sale Type | Investment |
| Cap Rate | 6.12% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,808 SF |
| Average Occupancy | 62% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 3.15/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Kitchen
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 015-400-06-00-2 | Improvements Assessment | $1,225,255 CAD |
| Land Assessment | $84,989 CAD | Total Assessment | $1,310,244 CAD |
Property Taxes
Parcel Number
015-400-06-00-2
Land Assessment
$84,989 CAD
Improvements Assessment
$1,225,255 CAD
Total Assessment
$1,310,244 CAD
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1018 Miller St
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