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2711 Hollyhock Ln 2711 Hollyhock Ln 5 Unit Apartment Building $1,154,304 CAD ($230,861 CAD/Unit) 5.89% Cap Rate Bakersfield, CA 93309
Investment Highlights
- Fully stabilized 5-unit investment property delivering strong cash flow.
- Amenities include central A/C, in-unit laundry, and dedicated parking with carports and garage.
- Proven income performer with recent interior upgrades and 100% occupancy.
- Unit mix includes (1) 3-bed, 2-bath and (4) 2-bed, 1-bath residences.
- Located in Southwest Bakersfield’s Laurelglen area near schools, shopping, and local services.
Executive Summary
2711 Hollyhock Lane presents a fully stabilized 5-unit multifamily investment opportunity situated in the desirable Laurelglen neighborhood of Southwest Bakersfield. The property includes one three-bedroom, two-bath unit and four two-bedroom, one-bath units, generating approximately $83,000 in gross annual income. Each unit offers central air conditioning, private laundry, and off-street parking, including carports and a two-car garage. Several units have received kitchen and bath upgrades, enhancing tenant appeal with modern finishes.
With 100% occupancy, an operating GRM of 10.27, and a cap rate near 5.9%, this investment delivers strong in-place cash flow within a highly sought rental submarket. Located near local schools, parks, and retail amenities, the property benefits from consistent demand and ease of access to major roadways like Highway 99 and Ming Avenue. This stabilized asset provides both immediate income generation and long-term growth potential in an established Bakersfield neighborhood.
With 100% occupancy, an operating GRM of 10.27, and a cap rate near 5.9%, this investment delivers strong in-place cash flow within a highly sought rental submarket. Located near local schools, parks, and retail amenities, the property benefits from consistent demand and ease of access to major roadways like Highway 99 and Ming Avenue. This stabilized asset provides both immediate income generation and long-term growth potential in an established Bakersfield neighborhood.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$114,380
|
$27.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,431
|
$0.82
|
| Effective Gross Income |
$110,949
|
$26.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
$42,906
|
$10.31
|
| Total Expenses |
$42,906
|
$10.31
|
| Net Operating Income |
$68,043
|
$16.34
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $114,380 |
| Annual Per SF | $27.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,431 |
| Annual Per SF | $0.82 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $110,949 |
| Annual Per SF | $26.65 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,906 |
| Annual Per SF | $10.31 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,906 |
| Annual Per SF | $10.31 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $68,043 |
| Annual Per SF | $16.34 |
Property Facts
| Price | $1,154,304 CAD | Building Class | B |
| Price Per Unit | $230,861 CAD | Lot Size | 0.28 AC |
| Sale Type | Investment | Building Size | 4,163 SF |
| Cap Rate | 5.89% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.27 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1978 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-2 - Small Lot Single-Unit Dwelling | ||
| Price | $1,154,304 CAD |
| Price Per Unit | $230,861 CAD |
| Sale Type | Investment |
| Cap Rate | 5.89% |
| Gross Rent Multiplier | 10.27 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.28 AC |
| Building Size | 4,163 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R-2 - Small Lot Single-Unit Dwelling |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $2,281 CAD | - |
| 2+1 | 4 | $1,797 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 355-334-01-00-4 | Total Assessment | $808,295 CAD |
| Land Assessment | $266,076 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $542,219 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
355-334-01-00-4
Land Assessment
$266,076 CAD
Improvements Assessment
$542,219 CAD
Total Assessment
$808,295 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2025
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