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1500 Owens St
Bakersfield, CA 93305 East Bakersfield

$429,000 USD

Multifamily For Sale  •  2,610 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 2,610 SF
  • Lot Size 0.17 AC
  • Year Built 1964
  • Cap Rate 6.00 %
  • Zoning R3
30 Transit Score
60 Walk Score

Highlights

2 of 3 units vacating at close — buyer sets rents from day one
All 2BD/1BA units, 870 sq ft each
Private 1-car garage per unit
Washer/dryer hookups and private patio per unit
Central AC/heat, newer windows throughout
Conveniently located near schools, shopping, and major commuter routes ?????

Financial Summary (Proforma)

Net Operating Income: $25,162 USD (2026)
Cap Rate: 6.00 %
Total Expenses: $16,955 USD

Public Transportation

Commuter RailDriveWalkDistance
Bakersfield (San Joaquins - Amtrak) 5 min - 2.0 mi
AirportDriveWalkDistance
Meadows Field 16 min - 7.8 mi
Philip Jordan 805-453-8353 Jordan Apartment Guys
Philip Jordan 805-453-8353 Jordan Apartment Guys