Remodeled Duplex with
For Sale
$370,000
1408 Lincoln St, Bakersfield, CA 93305
Two separate residences feature updated interiors and distinct bedroom-and-bathroom layouts.
Property Size1,648 SF
Price / SF$224.51
Days on Market65
Property Features for 1408 Lincoln St
General Information
Standard status
Active
Size
1,648 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Amenities
solar panels
Building Details
Buildings
2
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Michael Izik Melendez
(661) 432-0604
Source:
Exprealty
Added: Aug 3
Changed: Oct 1
Last Checked: Oct 5 at 10:38PM
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 Central Valley Property Advisors
Investment Insights
Based on property information with market context.
This duplex comprises two separate homes on one lot with a combined 1,648 SF. The front residence includes 2 bedrooms and 1 bath, while the rear residence provides 3 bedrooms and 2 baths. Both homes have been fully remodeled with new flooring, fixtures, and finishes, creating updated move-in-ready interiors.
Paid-off solar serves both residences and is designed to reduce utility costs. Located at 1408 Lincoln St in Bakersfield, CA, the property offers two independent living spaces within a single duplex configuration.
Paid-off solar serves both residences and is designed to reduce utility costs. Located at 1408 Lincoln St in Bakersfield, CA, the property offers two independent living spaces within a single duplex configuration.
Key Highlights
- Two remodeled homes situated on one lot
- Front unit includes 2 bedrooms and 1 bath
- Rear unit offers 3 bedrooms and 2 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,357
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$427,140
$427.1K
Cap Rate 7%
$305,100
$305.1K
Cap Rate 9%
$237,300
$237.3K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$32.6K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$30.5K $18.51/SF
− OpEx
−$9.2K −$5.55/SF
NOI
$21.4K $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%
$427,140
Cap Rate 7%
$305,100
Cap Rate 9%
$237,300
Alternative Uses
Best Use
Multifamily LT 5
$305.1K
$267.0K – $356.0K
NOI $21,357 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$283.4K
$247.9K – $330.6K
NOI $19,835 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$437.3K
$382.7K – $510.2K
NOI $30,613 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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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 separate residences feature updated interiors and distinct bedroom-and-bathroom layouts.
Where is this duplex located?
The property is located at 1408 Lincoln St Bakersfield, CA.
What is the asking price?
The asking price for this property is $370,000.
What are key features of this property?
This property features: Two remodeled homes situated on one lot; Front unit includes 2 bedrooms and 1 bath; Rear unit offers 3 bedrooms and 2 baths
