Duplex with Rear
For Sale
$299,900
7742 Walpole Avenue, California City, CA 93505
Residential Income, California City, CA
Property Size1,520 SF
Lot Size0.17 Acres
Price / SF$197.30
Days on Market48
Property Features for 7742 Walpole Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Rooms
Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Directions
Take exit 73 California City Keep right and merge into California City Blvd Turn left onto Kenniston St Kenniston St turns left and becomes Walpole ave.
Subdivision
17 - Kern Co/Mojave/Cal C
Special listing conditions
Short Sale
Standard status
Active
APN
299-075-06
Size
1,520 SF
Lot size
0.17 Acres
Building Details
Year built
1969
Number of units
2
Building materials
Stucco, Wood Siding, Shingle Siding
Listing Agency:
Realty Masters & Associates
(714) 478-5600
Listed By:
Lorena Chiquillo-Rubio · License #01944867
(661) 200-8089
Added: Aug 4
Changed: Sep 16
Last Checked: Sep 20 at 9:06PM
MLS# 26006077
Copyright © 2026 Greater Antelope Valley 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.
This 1969 duplex contains 1,520 square feet within a two-unit residential configuration. Each unit includes two bedrooms, one bathroom, a living room, dining area, and kitchen. Stucco, wood siding, and shingle siding are listed among the construction materials, and rear parking serves the property.
The property occupies 0.17 acres at 7742 Walpole Avenue in California City, Kern County. R1 zoning applies. Both units are described as being in good condition and ready for occupancy, supporting continued residential use by an owner-occupant or income-property buyer.
The property occupies 0.17 acres at 7742 Walpole Avenue in California City, Kern County. R1 zoning applies. Both units are described as being in good condition and ready for occupancy, supporting continued residential use by an owner-occupant or income-property buyer.
Key Highlights
- Two‑unit duplex with 1,520 square feet of property size
- Each unit includes 2 bedrooms and 1 bathroom
- Living room, dining area, and kitchen in both units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,972
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,440
$379.4K
Cap Rate 7%
$271,029
$271.0K
Cap Rate 9%
$210,800
$210.8K
Market Conditions
NOI Build-Up for 1,520 SF
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.
Gross rent
$27.9K $18.36/SF
− Vacancy
−$804 −$0.53/SF
EGI
$27.1K $17.83/SF
− OpEx
−$8.1K −$5.35/SF
NOI
$19.0K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,440
Cap Rate 7%
$271,029
Cap Rate 9%
$210,800
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$250.1K
$218.9K – $291.8K
NOI $17,510 @ 7.0% cap · market cap 5.84%
Theoretical Best
Warehouse
$324.7K
$284.1K – $378.8K
NOI $22,730 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
Business Placement
Demographics for 93505, CA
14,880
Population
5,352
Households
2.8
Avg Household Size
35
Median Age
11%
College-Educated
79%
High-School Grad
65.0 sq mi
ZIP Area
229
Density / Sq Mi
$55,010
Median Household Income
$32,590
Median Earnings
$1,016
Median Rent
$239,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching two-bedroom layouts with living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 7742 Walpole Avenue California City, CA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,520 square feet of property size; Each unit includes 2 bedrooms and 1 bathroom; Living room, dining area, and kitchen in both units
