1304 Flower

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1304 Flower

Bakersfield, CA 93305
Asking Price
$640K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Four-unit residential apartment building available for purchase
  • Priced at six hundred forty thousand dollars
  • Located in the city of Bakersfield California
  • Multifamily asset class ideal for rental operations
  • Positioned within an active Southern San Joaquin market

What's Special

Bakersfield serves as a primary hub for agriculture and energy production in the Southern San Joaquin Valley, offering a stable economic environment for residential real estate investment. This multifamily apartment building, situated at 1304 Flower, presents a tangible addition to a local portfolio. The property encompasses four individual units, catering to the ongoing demand for rental housing within this regional growth corridor. Given its configuration, the asset is suited for an investor looking to capture consistent residential yield. Proximity to major regional transit routes facilitates connectivity for tenants across the city. As the local population continues to grow, properties of this scale provide essential density for the submarket. The acquisition of this asset represents a straightforward opportunity to participate in the Bakersfield rental market.

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NOI
$80,000
Cap Rate
12.50%
DSCR
2.11
Strong
Cash-on-Cash
21.88%
Monthly Payment
$3,166.371
Annual Cash Flow
$42,003.55

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