817 Quail Lane

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817 Quail Lane

Bakersfield, CA 93309
Asking Price
$999K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset containing four individual residential units
  • Asking price for the property is $999,000
  • Located at 817 Quail Lane in Bakersfield California
  • Positioned within the 93309 residential zip code
  • Asset type classified as a standard apartment building

What's Special

Priced at $999,000, this 4-unit apartment building located at 817 Quail Lane presents an opportunity for investors seeking residential income assets in Bakersfield, California. The property consists of a multifamily asset well-positioned within the 93309 zip code, providing straightforward access to the regional transit network. Bakersfield serves as a significant economic hub within the Central Valley, characterized by a diverse agricultural and energy-focused workforce that consistently drives demand for stable rental housing options. This submarket features a steady population base supported by major local employers and regional medical centers. Given its size and configuration, this asset remains suitable for long-term hold strategies or portfolio expansion for buyers targeting smaller residential complexes. The proximity to primary thoroughfares ensures connectivity to the broader metropolitan area, making this a viable choice for tenants looking for functional living arrangements in this growing region of Kern County.

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NOI
$80,000
Cap Rate
8.01%
DSCR
1.35
Strong
Cash-on-Cash
6.90%
Monthly Payment
$4,942.507
Annual Cash Flow
$20,689.917

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