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4420 Fjord St 5 Unit Apartment Building $1,072,290 CAD ($214,458 CAD/Unit) 3.99% Cap Rate Bakersfield, CA 93309



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.
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 | Property Subtype | Apartment |
| Price Per Unit | $214,458 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.99% | Lot Size | 0.35 AC |
| Gross Rent Multiplier | 11.84 | Building Size | 4,551 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1977 |
| Zoning | R-1 | ||
| 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 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 164-232-59-00-8 | Improvements Assessment | $357,993 CAD |
| Land Assessment | $86,887 CAD | Total Assessment | $444,880 CAD |
Property Taxes
Parcel Number
164-232-59-00-8
Land Assessment
$86,887 CAD
Improvements Assessment
$357,993 CAD
Total Assessment
$444,880 CAD
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4420 Fjord St
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