724 Williams st
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724 Williams st
4 Unit Apartment Building $1,025,415 CAD ($256,354 CAD/Unit) 6.16% Cap Rate Bakersfield, CA 93305
Investment Highlights
- Attractive Unit Mix
- Situated on a HUGE Lot
- Sensible Layout
Executive Summary
We are proud to present this exceptional NEWER 4-unit multifamily property at 724 S Williams St, Bakersfield, CA 93307. Built in 2008, this property offers a desirable unit mix of three spacious 3-bedroom, 2-bathroom units, perfectly situated on a generous 15k Sq.Ft. lot. The current owner has meticulously maintained the property, reflecting a true pride of ownership that shines throughout. This is a rare opportunity to invest in a well-kept, high-quality property in a thriving area.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$95,743
|
$22.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$95,743
|
$22.77
|
| Taxes |
-
|
-
|
| Operating Expenses |
$32,534
|
$7.74
|
| Total Expenses |
$32,534
|
$7.74
|
| Net Operating Income |
$63,209
|
$15.04
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $95,743 |
| Annual Per SF | $22.77 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $95,743 |
| Annual Per SF | $22.77 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $32,534 |
| Annual Per SF | $7.74 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,534 |
| Annual Per SF | $7.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,209 |
| Annual Per SF | $15.04 |
Property Facts
| Price | $1,025,415 CAD | Property Subtype | Apartment |
| Price Per Unit | $256,354 CAD | Apartment Style | Single Family Home |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.16% | Lot Size | 0.35 AC |
| Sale Conditions | 1031 Exchange | Building Size | 4,204 SF |
| Gross Rent Multiplier | 11 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2008 |
| Price | $1,025,415 CAD |
| Price Per Unit | $256,354 CAD |
| Sale Type | Investment |
| Cap Rate | 6.16% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 11 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single Family Home |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 4,204 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2008 |
Unit Amenities
- Air Conditioning
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $2,002 CAD | 1,051 |
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PROPERTY TAXES
| Parcel Number | 019-121-01-00-1 | Total Assessment | $634,455 CAD (2024) |
| Land Assessment | $76,809 CAD (2024) | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $557,645 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
019-121-01-00-1
Land Assessment
$76,809 CAD (2024)
Improvements Assessment
$557,645 CAD (2024)
Total Assessment
$634,455 CAD (2024)
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | R-2 (Fourplex Or Any Single Building) |
| R-2 (Fourplex Or Any Single Building) |
-
Esteban Contreras -
Eric Van Denk -
Central Valley Property Advisors
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724 Williams st
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