330 Roberts Lane, Bakersfield, CA 93308, Bakersfield, 93308 - 0 bed, 0 bath
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Bakersfield, CA 93308
Analysis of 330 Roberts Lane, Bakersfield, CA 93308 is currently available with a list price of $1,975,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1982, this 42-year-old property falls into the 'Fair' category as it is dated and exceeds the 20-year threshold. While some unit interiors have been refreshed with modern laminate flooring and paint, the overall systems remain dated, featuring older wall-mounted AC units and wall heaters. Aerial images also indicate the parking lot pavement is worn and requires maintenance, consistent with a property needing minor repairs and updates.
The property features five Section 8 units, providing guaranteed government-backed rental income that significantly reduces vacancy risk and ensures consistent cash flow.
With approximately 40 on-site parking spaces for 18 units, the property offers a rare and highly desirable amenity that enhances tenant convenience and long-term occupancy stability.
Operating at a 6% cap rate with a competitive price basis of $109,722 per unit, this asset offers immediate yield and future upside in a high-demand rental market.
The property is served by several local schools with low ratings (ranging from 1 to 3), which may limit appeal for families and impact long-term tenant demographics.
Built in 1982, the 40-year-old structure may require increased capital expenditures for maintenance and modernization to remain competitive with newer multifamily developments.
Well-positioned 18-unit multifamily investment property located in the strong rental market of North Bakersfield, offering investors the opportunity to acquire a stable, income-producing apartment building with long-term upside potential. Built in 1982, the property consists of approximately 9,785 square feet of building area situated on a 29,620 square foot lot, providing ample space for tenant parking and accessibility. The property features approximately 40 on-site parking spaces, an attractive amenity that supports tenant convenience and occupancy stability. The asset is offered at approximately $201.84 per square foot and $109,722 per unit, providing a competitive price basis compared to similar multifamily properties for sale in Bakersfield. The property is currently operating at a 6% cap rate, making it an appealing opportunity for investors seeking a cash flowing multifamily investment with reliable performance.The property benefits from 5 Section 8 units, providing stable, government-backed rental income and helping reduce vacancy risk. Bakersfield continues to experience steady demand for affordable housing, supporting consistent occupancy and long-term rental growth potential. This 18-unit apartment complex is well suited for investors seeking both passive income and future appreciation in a growing Central California rental market.The property offers convenient access to major transportation routes including California State Route 99, as well as key commercial corridors such as Airport Drive and North Chester Avenue, connecting residents to employment centers, schools, shopping, and everyday services throughout the Bakersfield area. Nearby amenities include retail, dining, and regional shopping destinations such as Valley Plaza Mall, one of the largest retail centers in the San Joaquin Valley. The surrounding neighborhood consists of established residential communities with consistent rental demand and ongoing growth, supporting long-term investment performance. This residential income property presents a compelling opportunity for investors seeking a Bakersfield multifamily investment with strong fundamentals, stable income, and future upside potential.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-5 • 0.8 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 9,785 | 2,256 | 80% |
| Lot Size | 29,640 | 6,534 | 80% |
| Price | $1.98M | $539.0K | 80% |
| Price per sq ft | $202 | $193 | 60% |
| Built year | 1982 | 1939 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 114 | 20% |
Mar 24, 2026
$1,975,000
Initial Listing
May 31, 2022
$1,447,000
Public Record
Aug 7, 2020
$825,000
Public Record
Dec 11, 2007
$825,000
Public Record
Feb 6, 2004
$675,000
Public Record
May 17, 2002
$461,000
Public Record