How’s the market for multifamily in Bakersfield?

[Alex Huynh]

Hi everyone, I owned and self managed a few 4 plexes and triplexes in Fresno area. I’m considering expand my portfolio toBakersfield since the price is comparably lower than Fresno. I am just wondering how the market trend in Bakersfield now. I would buy into class C building for high return on cash flow. Thank you for your inputs!

[Max Gradowitz]

Bakersfield is a great market for multi-units. Cap rates are really high here, probably comparable or better than Fresno, although it's a similar market in terms of growth and appreciation.  It varies depending on neighborhood - some neighborhoods work better for multi-family compared to others.  Feel free to PM me for more info.