Two-Duplex Income
New
For Sale
$769,000
113 Beardsley Ave, Bakersfield, CA 93308
Two duplex buildings on one lot, with consistent two-bedroom layouts and attached single-car garages.
Property Size3,768 SF
Price / SF$204.09
Days on Market6
Property Features for 113 Beardsley Ave
General Information
Standard status
Active
Size
3,768 SF
Property subtype
Residential Income
Additional Details
Gross Income
$74,400
Multifamily Units
4
Building Details
Buildings
2
Listing Agency:
Executive, REALTORS
(661) 836-5015
Listed By:
Mohammad Ali Hammad
(661) 246-6648
Source:
Exprealty
Added: Sep 7
Changed: Sep 10
Last Checked: Sep 12 at 11:45AM
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 Executive, REALTORS
Investment Insights
Based on property information with market context.
This residential income property comprises two duplex buildings situated on a single lot in Bakersfield. The improvements contain 3,768 square feet in total, with each unit configured as two bedrooms and one bathroom. Every unit also includes a one-car garage, providing dedicated parking and storage for residents.
Located at 113 Beardsley Ave, the property offers a multi-unit configuration within an established residential setting. The repeated floor plan and attached garage component create a consistent layout across the units, while the two-building arrangement provides a straightforward duplex ownership structure.
Located at 113 Beardsley Ave, the property offers a multi-unit configuration within an established residential setting. The repeated floor plan and attached garage component create a consistent layout across the units, while the two-building arrangement provides a straightforward duplex ownership structure.
Key Highlights
- Two duplex buildings located on one lot
- 3,768 square feet of total property size
- Each unit includes 2 bedrooms and 1 bathroom
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
$48,830
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
6.35%
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%
$976,600
$976.6K
Cap Rate 7%
$697,571
$697.6K
Cap Rate 9%
$542,556
$542.6K
Market Conditions
NOI Build-Up for 3,768 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
$74.6K $19.80/SF
− Vacancy
−$4.8K −$1.29/SF
EGI
$69.8K $18.51/SF
− OpEx
−$20.9K −$5.55/SF
NOI
$48.8K $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%
$976,600
Cap Rate 7%
$697,571
Cap Rate 9%
$542,556
Alternative Uses
Best Use
Multifamily LT 5
$697.6K
$610.4K – $813.8K
NOI $48,830 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$647.9K
$566.9K – $755.9K
NOI $45,351 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$999.9K
$874.9K – $1.17M
NOI $69,994 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
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
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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 duplex buildings on one lot, with consistent two-bedroom layouts and attached single-car garages.
Where is this duplex located?
The property is located at 113 Beardsley Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Two duplex buildings located on one lot; 3,768 square feet of total property size; Each unit includes 2 bedrooms and 1 bathroom
