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1911 Flower St - 1911 Flower St 6 Unit Apartment Building Offered at $955,952 CAD at a 5.58% Cap Rate Bakersfield, CA 93305
Investment Highlights
- 6-Unit Multifamily Investment Opportunity
- 10.3 GRM
- 8,712 SF Lot
- Attractive 5.2% Cap Rate
- 3,120 SF Apartment Building
Executive Summary
Meticulously maintained 6-unit complex in the popular East Bakersfield area near Kern Medical Center. The property has been well cared for, with units kept in excellent condition both inside and out. Each unit features a 1-bedroom, 1-bath layout currently renting in the $1,000/month range. The property offers fenced yard areas with well-maintained lawns and landscaping, creating a pleasant environment for tenants. Utilities include individually metered gas and electric. Secure, happy tenants in place.
Financial Summary (Pro Forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,616
|
$31.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,984
|
$1.28
|
| Effective Gross Income |
$95,632
|
$30.65
|
| Taxes |
$18,985
|
$6.08
|
| Operating Expenses |
$23,647
|
$7.58
|
| Total Expenses |
$42,632
|
$13.66
|
| Net Operating Income |
$53,000
|
$16.99
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,616 |
| Annual Per SF | $31.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,984 |
| Annual Per SF | $1.28 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $95,632 |
| Annual Per SF | $30.65 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,985 |
| Annual Per SF | $6.08 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $23,647 |
| Annual Per SF | $7.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,632 |
| Annual Per SF | $13.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $53,000 |
| Annual Per SF | $16.99 |
Property Facts
| Price | $955,952 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $159,325 CAD | Building Size | 3,120 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.58% | No. Stories | 1 |
| Gross Rent Multiplier | 10.3 | Year Built | 1959 |
| No. Units | 6 | Opportunity Zone |
Yes
|
| Property Type | Multifamily | ||
| Zoning | C1 - Commercial | ||
| Price | $955,952 CAD |
| Price Per Unit | $159,325 CAD |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Size | 3,120 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1959 |
| Opportunity Zone |
Yes |
| Zoning | C1 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,377 CAD | 600 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 138-032-02-00-3 | Total Assessment | $373,872 CAD |
| Land Assessment | $78,697 CAD | Annual Taxes | $18,985 CAD ($6.08 CAD/SF) |
| Improvements Assessment | $295,175 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
138-032-02-00-3
Land Assessment
$78,697 CAD
Improvements Assessment
$295,175 CAD
Total Assessment
$373,872 CAD
Annual Taxes
$18,985 CAD ($6.08 CAD/SF)
Tax Year
2025
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1911 Flower St - 1911 Flower St
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