Tenant-Occupied Multi-Family with 3
9704 Velma Avenue Lamont, CA 93241
9704 Velma Avenue, Lamont, CA, 93241
$399,900
For Sale
$399,900
MULTI_FAMILY - Lamont, CA
Property Size1,432 SF
Lot Size0.14 Acres
Price / SF$279.26
Days on Market59
Property Features for 9704 Velma Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Covered
- Standard status
- Active
- APN
- 18803103
- Size
- 1,432 SF
- Lot size
- 0.14 Acres
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 4
Listing Agency
Keller Williams Realty
(661) 617-6500
8700 Stockdale Highway, Bakersfield, CA
Listed by
Harjeet Singh
(818) 299-7299
Added: May 20 Checked: Jul 17 at 7:06 am
MLS# 202605554
Listing URL
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.
This multi-family property is listed as exclusively 9704 Velma Avenue and includes 3 units under a single APN. The offering is currently tenant-occupied, with tenants reported to be on month-to-month terms.
For showings, the listing instructs prospective visitors to drive by only and not disturb the tenants.
The property is presented for sale as a residential income asset in Lamont, CA, with the provided lot size and building size recorded in the listing materials.
For showings, the listing instructs prospective visitors to drive by only and not disturb the tenants.
The property is presented for sale as a residential income asset in Lamont, CA, with the provided lot size and building size recorded in the listing materials.
Key Highlights
- 3‑unit property on a single APN at 9704 Velma Ave, Lamont
- Tenant‑occupied with month‑to‑month occupancy
- Covered parking available
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 | $26.3k | $18.36 |
| − Vacancy | −$757 | −$0.53 |
| EGI | $25.5k | $17.83 |
| − OpEx | −$7.7k | −$5.35 |
| NOI | $17.9k | $12.48 |
1,432 SF · lease $18.36/SF/yr · vacancy 2.88% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.3K
$223.4K – $297.9K
NOI $17,874 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$235.7K
$206.2K – $275.0K
NOI $16,497 @ 7.0% cap · market cap 4.13%
Theoretical Best
Warehouse
$305.9K
$267.7K – $356.9K
NOI $21,414 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multi-family property with 3 units on a single APN, tenant-occupied on a month-to-month basis.
Where is this quadplex located?
The property is located at 9704 Velma Avenue Lamont, CA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 3‑unit property on a single APN at 9704 Velma Ave, Lamont; Tenant‑occupied with month‑to‑month occupancy; Covered parking available
