Professional grm calculator optimized for multifamily properties in Bakersfield. Local market data shows 5.9% average cap rates and $365,000 median property values.
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The Bakersfield, CA multifamily real estate market offers unique investment opportunities. With a median home price of $365,000 and average cap rates of 5.9%,multifamily properties in this market present a stable investment profile.
Current market conditions show properties averaging 32 days on market, with year-over-year appreciation of 4.6%. Average cash-on-cash returns for multifamily investments in Bakersfield are approximately 9.4%.