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Investment Highlights

  • Stable residential asset with diversified rental income from long term tenants.
  • Easy connectivity to major transportation corridors serving the Bakersfield metropolitan area.
  • Convenient access to shopping, dining, schools, medical services, and recreational amenities.

Executive Summary

4420 Fjord Street presents the opportunity to acquire a well-located five-unit multifamily property in an established residential neighborhood of Bakersfield, California. The asset offers investors stable in-place income at well below market rents with the potential to increase cash flow through strategic management, rental adjustments, and continued property improvements, where applicable.
Positioned within convenient proximity to major employment centers, retail amenities, schools, parks, and transportation corridors, the property benefits from strong local rental demand and broad tenant appeal. Its efficient unit mix and neighborhood setting make it attractive to both long-term residents and investors seeking dependable multifamily performance.
This offering represents an opportunity for investors pursuing immediate cash flow, long-term appreciation with rent increases, and value-add potential in one of California’s most affordable multifamily investment markets. Maintained as a stabilized income-producing asset and enhanced through operational improvements, 4420 Fjord Street offers a compelling addition to any investment portfolio.
Prospective purchasers are encouraged to perform their own independent due diligence regarding all aspects of the property, including financial performance, physical condition, zoning, and market conditions.

Property Facts

Price $1,072,290 CAD
Price Per Unit $214,458 CAD
Sale Type Investment
Cap Rate 3.99%
Gross Rent Multiplier 11.84
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.35 AC
Building Size 4,551 SF
No. Stories 1
Year Built 1977
Zoning R-1

Amenities

Unit Amenities

  • Heating

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 5 - 894 - 921
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
164-232-59-00-8
Land Assessment
$86,887 CAD
Improvements Assessment
$357,993 CAD
Total Assessment
$444,880 CAD
  • Listing ID: 41889054

  • Date on Market: 2026-08-26

  • Last Updated:

  • Address: 4420 Fjord St, Bakersfield, CA 93309

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