Turnkey Bakersfield Duplex
For Sale
$380,000
106 E Warren Avenue #A & B, Bakersfield, CA 93308
Duplex with long-term tenants and professional management in place.
Property Size2,337 SF
Lot Size0.15 Acres
Days on Market220
Property Features for 106 E Warren Avenue #A & B
General Information
Standard status
Active
Size
2,337 SF
Lot size
0.15 Acres
Property subtype
Duplex
Amenities
Central AC
Central Heat
Building Details
Building Size
2,337 SF
Year Built
2007
Stories
1
Listing Agency:
Lockhart Real Estate Advisors
Listed By:
Rylan Rozell
(661) 735-1887
Source:
Kw
Added: Feb 28
Changed: Oct 6
Last Checked: Oct 5 at 5:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lockhart Real Estate Advisors
Investment Insights
Based on property information with market context.
This duplex presents an investment opportunity with two units, each featuring three bedrooms and two bathrooms. The units are currently occupied by long-term tenants. Each unit includes tile flooring, central HVAC, laundry hookups, and a private fenced yard. The property is professionally managed by Real Property Management Bakersfield, offering a turnkey addition to a rental portfolio.
Key Highlights
- Turnkey Investment: Long‑term tenants already in place, ensuring immediate rental income.
- Professionally Managed: Currently managed by Real Property Management Bakersfield, simplifying ownership.
- Duplex Structure: Two spacious units provide dual income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,285
Cap Rate
7.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$605,700
$605.7K
Cap Rate 7%
$432,643
$432.6K
Cap Rate 9%
$336,500
$336.5K
Market Conditions
NOI Build-Up for 2,337 SF
Gross rent
$46.3K $19.80/SF
− Vacancy
−$3.0K −$1.29/SF
EGI
$43.3K $18.51/SF
− OpEx
−$13.0K −$5.55/SF
NOI
$30.3K $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 Rate 5%
$605,700
Cap Rate 7%
$432,643
Cap Rate 9%
$336,500
Alternative Uses
Best Use
Multifamily LT 5
$432.6K
$378.6K – $504.8K
NOI $30,285 @ 7.0% cap · market cap 7.97%
Second Best
Apartment 5plus
$401.8K
$351.6K – $468.8K
NOI $28,128 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$620.2K
$542.7K – $723.5K
NOI $43,412 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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?
Duplex - Duplex with long-term tenants and professional management in place.
Where is this duplex located?
The property is located at 106 E Warren Avenue #A & B Bakersfield, CA.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: Turnkey Investment: Long‑term tenants already in place, ensuring immediate rental income.; Professionally Managed: Currently managed by Real Property Management Bakersfield, simplifying ownership.; Duplex Structure: Two spacious units provide dual income potential.
