Three-Unit Property with Private
For Sale
$660,000
1300 Mcdonald Way, Bakersfield, CA 93309
Multi-unit residential property near shopping, restaurants, and schools in Southwest Bakersfield.
Property Size4,010 SF
Price / SF$164.59
Days on Market13
Property Features for 1300 Mcdonald Way
General Information
Standard status
Active
Size
4,010 SF
Net Rentable
4,010 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 2 x 2BR/2BA
Multifamily Units
3
Amenities
outdoor patio
Building Details
Year Built
1975
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Juliana G. Domlao
(661) 778-7251
Source:
Exprealty
Added: Sep 11
Changed: Sep 22
Last Checked: Sep 22 at 6:53PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This three-unit residential property provides approximately 4,010 sq. ft. of rentable space in a configuration suited to multi-household occupancy. The front residence includes 3 bedrooms and 2 bathrooms, while the two rear residences each offer 2 bedrooms and 2 bathrooms. Built in 1975, the property includes a private garage and outdoor patio for every unit.
Located at 1300 Mcdonald Way in Southwest Bakersfield, the property is near shopping, restaurants, and schools. Its unit layout and individual outdoor areas provide distinct residential spaces within one income-producing asset.
Located at 1300 Mcdonald Way in Southwest Bakersfield, the property is near shopping, restaurants, and schools. Its unit layout and individual outdoor areas provide distinct residential spaces within one income-producing asset.
Key Highlights
- Three residential units totaling approximately 4,010 sq. ft. of rentable space
- Front unit offers 3 bedrooms and 2 bathrooms
- Two rear units each include 2 bedrooms and 2 bathrooms
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
$51,966
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
7.87%
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%
$1,039,320
$1.0M
Cap Rate 7%
$742,371
$742.4K
Cap Rate 9%
$577,400
$577.4K
Market Conditions
NOI Build-Up for 4,010 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
$79.4K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$74.2K $18.51/SF
− OpEx
−$22.3K −$5.55/SF
NOI
$52.0K $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%
$1,039,320
Cap Rate 7%
$742,371
Cap Rate 9%
$577,400
Alternative Uses
Best Use
Multifamily LT 5
$742.4K
$649.6K – $866.1K
NOI $51,966 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$689.5K
$603.3K – $804.4K
NOI $48,263 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$1.06M
$931.1K – $1.24M
NOI $74,490 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
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?
Triplex - Multi-unit residential property near shopping, restaurants, and schools in Southwest Bakersfield.
Where is this triplex located?
The property is located at 1300 Mcdonald Way Bakersfield, CA.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Three residential units totaling approximately 4,010 sq. ft. of rentable space; Front unit offers 3 bedrooms and 2 bathrooms; Two rear units each include 2 bedrooms and 2 bathrooms
