Log In/Sign Up
Your email has been sent.
4320 Columbus Street 4320 Columbus st 8 Unit Apartment Building $1,366,502 CAD ($170,813 CAD/Unit) 6.76% Cap Rate Bakersfield, CA 93306
Investment Highlights
- Two 4-plex buildings on one parcel
- Private yard areas per unit
- On-site laundry room
- Located near Bakersfield College — strong, consistent rental demand
- Covered carport parking
- Central A/C (6 of 8 units replaced within last 6 years)
Executive Summary
Two well-maintained 4-plex buildings on one parcel..... 8 units, 100% occupied, and generating $8,960 a month in ACTUAL gross income right now! 4320 Columbus Street is a turnkey cash flow investment sitting in the desirable 93306 corridor near Bakersfield College — strong rental demand, quality tenants, and day one income with no lease-up required.
Here is what really gets me excited about this one..... current rents are BELOW market. Actual rents are running $1,050–$1,250 per unit against a market rate of $1,250–$1,300. As leases turn, you bring rents up without spending a dollar on improvements. That is built-in upside sitting there waiting for you at closing.
All 8 units are 2BD/1BA with private yard areas, covered carport parking, and a common area between buildings. On-site laundry room adds extra income and keeps tenants happy. 6 of the 8 central AC units are 6 years old or newer — low near-term cap ex on a critical system.
Strong cash flow, strong demand, strong market..... this one checks all the boxes! Call or text Phil at (805) 453-8353 or email phil@jordanapartmentguys.com. Rents are ACTUAL; expenses are PROJECTED. Drive-by only — do not disturb tenants. Subject to interior inspection.
Here is what really gets me excited about this one..... current rents are BELOW market. Actual rents are running $1,050–$1,250 per unit against a market rate of $1,250–$1,300. As leases turn, you bring rents up without spending a dollar on improvements. That is built-in upside sitting there waiting for you at closing.
All 8 units are 2BD/1BA with private yard areas, covered carport parking, and a common area between buildings. On-site laundry room adds extra income and keeps tenants happy. 6 of the 8 central AC units are 6 years old or newer — low near-term cap ex on a critical system.
Strong cash flow, strong demand, strong market..... this one checks all the boxes! Call or text Phil at (805) 453-8353 or email phil@jordanapartmentguys.com. Rents are ACTUAL; expenses are PROJECTED. Drive-by only — do not disturb tenants. Subject to interior inspection.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$149,925
|
$23.66
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,998
|
$0.47
|
| Effective Gross Income |
$146,927
|
$23.19
|
| Taxes |
$19,577
|
$3.09
|
| Operating Expenses |
$37,922
|
$5.99
|
| Total Expenses |
$57,499
|
$9.07
|
| Net Operating Income |
$89,428
|
$14.11
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $149,925 |
| Annual Per SF | $23.66 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $2,998 |
| Annual Per SF | $0.47 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $146,927 |
| Annual Per SF | $23.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $19,577 |
| Annual Per SF | $3.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,922 |
| Annual Per SF | $5.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,499 |
| Annual Per SF | $9.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $89,428 |
| Annual Per SF | $14.11 |
Property Facts
| Price | $1,366,502 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $170,813 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 6.76% | Building Size | 6,336 SF |
| Gross Rent Multiplier | 9.11 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | ||
| Zoning | R3 - High Density Residential | ||
| Price | $1,366,502 CAD |
| Price Per Unit | $170,813 CAD |
| Sale Type | Investment |
| Cap Rate | 6.76% |
| Gross Rent Multiplier | 9.11 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 6,336 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
| Zoning | R3 - High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Tile Floors
- Range
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $1,604 CAD | 792 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4320 Columbus Street | 4320 Columbus st
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.