729 L Street Bakersfield, CA 93304
MULTI_FAMILY - Bakersfield, CA
Property Features for 729 L Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Carport
- Standard status
- Active
- APN
- 00926218
- Size
- 2,570 SF
- Lot size
- 0.09 Acres
Building Details
- Year built
- 2008
- Floors in Building
- 2
- Number of units
- 2
Listing agent Royce Jennings License #01959264 (661) 444-6232
Listing office Watson Realty 9101 Camino Media, Bakersfield, CA (661) 327-5161
Listing date Apr 20, 2026
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Spacious duplex with 2570 sq ft of combined living space.
- 3 bedrooms and 2.5 bathrooms, including a large master suite with walk‑in closet and private bathroom.
- Updated kitchen with granite countertops and pantry.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.9k | $19.80 |
| − Vacancy | −$3.3k | −$1.29 |
| EGI | $47.6k | $18.51 |
| − OpEx | −$14.3k | −$5.55 |
| NOI | $33.3k | $12.96 |
