Three-Unit Multifamily
For Sale
$275,000
1030 E 19TH Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size1,524 SF
Lot Size0.09 Acres
Price / SF$180.45
Days on Market280
Property Features for 1030 E 19TH Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Elementary school
Other-Outlying
Middle school
Other-Outlying
High school
Other-Outlying
Subdivision
41
Standard status
Active
APN
01712003
Size
1,524 SF
Lot size
0.09 Acres
Building Details
Year built
1910
Floors in Building
1
Number of units
3
Listing Agency:
Avalar Real Estate Alliance
(805) 815-9600
Listed By:
Elvia E Alvarez
(661) 596-3404
Added: Nov 24, 2025
Changed: Aug 26
Last Checked: Aug 31 at 11:06PM
MLS# 202513021
Copyright © 2026 Golden Empire MLS, Inc. 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.
Located at 1030 E 19TH Street in Bakersfield, this multifamily property contains three residential units within a 1,524-square-foot structure. The property was built in 1910 and occupies a 0.09-acre parcel.
Covered parking is included, adding an on-site parking feature for residents. The property is in Kern County, with a 93305 postal designation. Its triplex configuration places the asset within the residential income property category and provides a defined three-unit layout for evaluation by multifamily buyers.
Covered parking is included, adding an on-site parking feature for residents. The property is in Kern County, with a 93305 postal designation. Its triplex configuration places the asset within the residential income property category and provides a defined three-unit layout for evaluation by multifamily buyers.
Key Highlights
- Three residential units
- 1,524 square feet of property size
- 0.09‑acre lot
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
$19,750
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
7.18%
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%
$395,000
$395.0K
Cap Rate 7%
$282,143
$282.1K
Cap Rate 9%
$219,444
$219.4K
Market Conditions
NOI Build-Up for 1,524 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
$30.2K $19.80/SF
− Vacancy
−$2.0K −$1.29/SF
EGI
$28.2K $18.51/SF
− OpEx
−$8.5K −$5.55/SF
NOI
$19.7K $12.96/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$19.80 /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%
$395,000
Cap Rate 7%
$282,143
Cap Rate 9%
$219,444
Alternative Uses
Best Use
Multifamily LT 5
$282.1K
$246.9K – $329.2K
NOI $19,750 @ 7.0% cap · market cap 7.18%
Second Best
Apartment 5plus
$262.0K
$229.3K – $305.7K
NOI $18,342 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$404.4K
$353.9K – $471.8K
NOI $28,310 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with covered parking in Bakersfield.
Where is this triplex located?
The property is located at 1030 E 19TH Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Three residential units; 1,524 square feet of property size; 0.09‑acre lot
