Duplex With Detached Rear
New
For Sale
$319,950
2325 Verde, Bakersfield, CA 93304
Two separate homes share one lot, with an updated front residence and a private backyard.
Property Size1,199 SF
Days on Market2
Property Features for 2325 Verde
General Information
Standard status
Active
Size
1,199 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$26,400
Amenities
covered patio
private backyard
Building Details
Building Size
1,199 SF
Year Built
1947
Buildings
2
Stories
1
Units
2
Listing Agency:
Watson Realty
Listed By:
Shanti Brinsfield · License #01350420
(661) 978-7101
Source:
Elliman
Added: Sep 6
Last Checked: Sep 6 at 2:51PM
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 Watson Realty
Investment Insights
Based on property information with market context.
This duplex property at 2325 Verde includes two separate residences on one lot. The front home provides 2 bedrooms and 1 bathroom, with refreshed interior and exterior paint, central heat and A/C, a remodeled kitchen, and an updated bathroom. The detached rear residence has 1 bedroom and 1 bathroom, creating a separate living space on the property.
Outdoor features include a covered patio and private backyard. The property is in the Oleander area near schools, shopping, and BHS. It is currently rented under a month-to-month lease ending in Oct. The home was built in 1947, and tenants are responsible for water.
Outdoor features include a covered patio and private backyard. The property is in the Oleander area near schools, shopping, and BHS. It is currently rented under a month-to-month lease ending in Oct. The home was built in 1947, and tenants are responsible for water.
Key Highlights
- Two homes situated on one lot
- Front residence offers 2 bedrooms and 1 bathroom
- Detached rear unit includes 1 bedroom 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
$15,538
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
4.86%
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%
$310,760
$310.8K
Cap Rate 7%
$221,971
$222.0K
Cap Rate 9%
$172,644
$172.6K
Market Conditions
NOI Build-Up for 1,199 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
$23.7K $19.80/SF
− Vacancy
−$1.5K −$1.29/SF
EGI
$22.2K $18.51/SF
− OpEx
−$6.7K −$5.55/SF
NOI
$15.5K $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%
$310,760
Cap Rate 7%
$221,971
Cap Rate 9%
$172,644
Alternative Uses
Best Use
Multifamily LT 5
$222.0K
$194.2K – $259.0K
NOI $15,538 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.5K
NOI $14,431 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
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 - Two separate homes share one lot, with an updated front residence and a private backyard.
Where is this duplex located?
The property is located at 2325 Verde Bakersfield, CA.
What is the asking price?
The asking price for this property is $319,950.
What are key features of this property?
This property features: Two homes situated on one lot; Front residence offers 2 bedrooms and 1 bathroom; Detached rear unit includes 1 bedroom and 1 bathroom
