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113 Hopkins Ave 8 Unit Apartment Building $917,663 CAD ($114,708 CAD/Unit) Bakersfield, CA 93308
Investment Highlights
- Strong unit mix consisting of five 2-bedroom/1-bath units and three studio units, maximizing rental appeal.
- Single-story configuration built on a 9,583-square-foot lot, providing ease of access and low maintenance.
- Proximity to neighborhood retail, schools, public transportation, and major employment hubs.
- Attractive investment opportunity with consistent rental demand and potential for steady cash flow.
- Built in 1926 featuring upgrades to accommodate long-term occupancy across all units.
Executive Summary
Renovated 8-unit multifamily investment located in North Bakersfield, featuring a strong unit mix of five 2BR/1BA units and three studio
units. Seller financing available, offering flexible terms for investors seeking steady cash flow, strong rental demand, and long-term
upside.
Subject to successful cancellation of current escrow
Unit 2 and Unit 4 pay $850 a month
units. Seller financing available, offering flexible terms for investors seeking steady cash flow, strong rental demand, and long-term
upside.
Subject to successful cancellation of current escrow
Unit 2 and Unit 4 pay $850 a month
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$108,162
|
$44.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$108,162
|
$44.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,438
|
$2.24
|
| Net Operating Income |
$102,724
|
$42.27
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $108,162 |
| Annual Per SF | $44.51 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $108,162 |
| Annual Per SF | $44.51 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $5,438 |
| Annual Per SF | $2.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,724 |
| Annual Per SF | $42.27 |
Property Facts
| Price | $917,663 CAD | Building Class | B |
| Price Per Unit | $114,708 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 2,430 SF |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R-2 - Two Family Dwellings | ||
| Price | $917,663 CAD |
| Price Per Unit | $114,708 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 2,430 SF |
| No. Stories | 1 |
| Year Built | 1926 |
| Opportunity Zone |
Yes |
| Zoning | R-2 - Two Family Dwellings |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- Disposal
- Kitchen
- Oven
- Range
- Carpet
- Grill
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | $1,224 CAD | 670 |
| Studios | 3 | $989.04 CAD | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 119-110-06-00-5 | Improvements Assessment | $562,497 CAD (2025) |
| Land Assessment | $77,343 CAD (2025) | Total Assessment | $639,841 CAD (2025) |
Property Taxes
Parcel Number
119-110-06-00-5
Land Assessment
$77,343 CAD (2025)
Improvements Assessment
$562,497 CAD (2025)
Total Assessment
$639,841 CAD (2025)
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113 Hopkins Ave
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