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2126 O. STREET BAKERSFIELD, CA 83301 2126 O St 7 Unit Apartment Building $1,530,280 CAD ($218,611 CAD/Unit) 7.78% Cap Rate Bakersfield, CA 93301
Investment Highlights
- Prime multi-family investment property located in the desirable downtown Bakersfield neighborhood.
- Features on-site laundry facilities and parking accessed via the alley, with three garage spaces included.
- Built in 1985, offering a well-maintained structure with strong income potential in a high-demand rental market.
- Recent upgrades include four new HVAC systems (installed in 2025) and freshly painted interiors.
- Excellent location within walking distance to Downtown Elementary School and a 10-minute walk to the Bakersfield Convention Center.
Executive Summary
Huge Price reduction. Corner Complex, located at 2126 O Street in the desirable downtown Bakersfield neighborhood, all units completely have been rehabbed inside. This 7-unit property is near plenty of points of interests and landmarks! Walking distance from Downtown Elementary & 10-minute walk to Bakersfield Convention Center. Built in 1985 and featuring a mix of fourplex spacious 2-bedroom/1.75. bath units, 3 comfortable 1-bedroom/1-bath. The building offers approximately 5,618 square feet of rentable space. Recent upgrades include a Four new HVAC 2025 and freshly painted interior, with additional amenities like parking accessed via the alley and an on-site laundry room. The property generates a gross scheduled income of $98,400 annually, with rents ranging from $850 to $1,450, making it an excellent investment opportunity. Asking Price: $1,080,088
Contact us today to learn more!
Contact us today to learn more!
Financial Summary (Actual - 2024) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) 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 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,530,280 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $218,611 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.78% | Building Size | 5,618 SF |
| Gross Rent Multiplier | 12 | No. Stories | 2 |
| No. Units | 7 | Year Built/Renovated | 1985/2025 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | C2 - COMMERCIAL | ||
| Price | $1,530,280 CAD |
| Price Per Unit | $218,611 CAD |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| Gross Rent Multiplier | 12 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,618 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2025 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C2 - COMMERCIAL |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Tile Floors
- Tub/Shower
- Dining Room
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 3+1 | 3 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 005-311-15-00-6 | Improvements Assessment | $746,036 CAD (2025) |
| Land Assessment | $195,563 CAD (2025) | Total Assessment | $941,599 CAD (2025) |
Property Taxes
Parcel Number
005-311-15-00-6
Land Assessment
$195,563 CAD (2025)
Improvements Assessment
$746,036 CAD (2025)
Total Assessment
$941,599 CAD (2025)
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2126 O. STREET BAKERSFIELD, CA 83301 | 2126 O St
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