Listed by ASU Commercial
$23,000,000
Jasmine Parke
Details
APN Multiple APNs
Property Type Multifamily
Sub Type Apartment Building
Square Footage 100,800
Net Rentable (SqFt) 100,800
Units 80
Cap Rate 5.28%
NOI $1,214,067
Occupancy 100%
Tenancy Multi
Price per SqFt $228
Class A
Year Built 2006
Year Renovated 2022,2026
Buildings 20
Zoning R3
Parking Spaces 2 per unit
Investment Type Stabilized
Sale Condition N/A
Multifamily | 80 Units | $287,500/unit
Marketing description
Jasmine Parke represents the premier fourplex community in Bakersfield and arguably all of Central California. Developed between 2006 and 2008 by renowned local builder Ron Froehlich Jr., the community has established the benchmark for fourplex development over the past two decades and continues to stand as one of the most desirable rental communities in the region.
Investment highlights
Class A fourplex development in Bakersfield Ca
20 fourplexes that consists of 2 and 3 bedroom units with attached 2-car garages.
Gated community with leasing office, pool, spa, BBQ area, fitness center, clubhouse, and private park
There is an upside play on upgrading the remaining 31 units which have not yet been remodeled
Listing Contacts
Listed by ASU Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,214,067.00
$101,172.25/mo
Valuation Metrics
0
DSCR
5.28%
Cap Rate
5.28%
ROI
Map
Zoning
R-2/PUD PlannedSmall Lot Single Unit Dwelling 6.1 To 13 Units Per Acre Planned Unit Development
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View all 46 uses
View all 46 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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Tax History
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