For Sale
$820,000

6300 Castleford StBakersfield, CA 93313

Exceptional 4-unit apartment building, 5.12% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
114
This stabilized Class B multifamily investment property, located at 6300 Castleford Street, Bakersfield, CA 93313, presents a compelling opportunity. The property boasts a strong 5.12% capitalization rate, generating a net operating income (NOI) of $42,565 annually. Built in 1987, this two-story building comprises four units, each offering approximately 1,144 square feet of living space. Each unit includes three spacious bedrooms, two full bathrooms, and convenient washer and dryer hookups. Residents enjoy the added benefit of a private one-car garage and additional off-street parking. The property sits on a sizable 12,996 square foot lot, offering ample space. Currently operating at 100% occupancy, this 4,576 square foot building represents a turnkey investment with significant potential. The asking price is $820,000. The property is suitable for a 1031 exchange. All information should be verified by the buyer. Offers are subject to interior inspection. Do not disturb tenants. APN: 371-452-12.

Highlights

  • Class B multifamily investment property in Bakersfield, CA, offering a 5.12% cap rate and $42,565 annual NOI.
  • Four-unit, two-story building (4,576 sq ft) on a 12,996 sq ft lot, built in 1987.
  • Each unit features 1,144 sq ft, three bedrooms, two baths, washer/dryer hookups, one-car garage, and off-street parking.
  • Currently 100% occupied; asking price $820,000.
  • 1031 exchange eligible.

Property Details for 6300 Castleford St

Property type
Apartment buildings
Square Feet
4,576 SF
Class
B
Year Built
1987
Stories
2
Units
4

Location Insight

City
Bakersfield
County
Kern
State
California
Latitude
35.2978814
Longitude
-119.0416513
6300 Castleford St, Bakersfield, California

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6300 Castleford St
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