Two-Unit Multifamily Property with
14734 Marjoram Dr, Bakersfield, CA 93304
For Sale
$624,500
Both detached residences have fully paid solar systems and separate gas and electric meters.
Property Size2,735 SF
Price / SF$228.34
Days on Market17
Property Features for 14734 Marjoram Dr
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Utilities to Site
Amenities
solar panels
Building Details
Year Built
Buildings
Stories
Listing Agency:
Sierra Central Real Estate
Listed By:
Manuel Gomez · License CA #01711366
(661) 836-5763
Source:
Besthomesbakersfield
Added: Oct 29
Changed: Nov 13
Last Checked: Nov 13 at 6:47AM
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 Sierra Central Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two detached homes occupy one lot, with each residence offering three bedrooms and two bathrooms. The front home contains 1,525 square feet, while the rear home contains 1,200 square feet. Both were built in 2025 and have paid solar systems. Gas and electric service is separately metered for each home; water is supplied through a master meter.
The property is in Bakersfield, California.
The property is in Bakersfield, California.
Key Highlights
- Two detached homes on one lot
- Built in 2025
- Front residence: 1,525 square feet, 3 bedrooms, 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,918
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,360
$658.4K
Cap Rate 7%
$470,257
$470.3K
Cap Rate 9%
$365,756
$365.8K
Market Conditions
NOI Build-Up for 2,735 SF
Gross rent
$63.7K $23.28/SF
− Vacancy
−$3.8K −$1.40/SF
EGI
$59.9K $21.88/SF
− OpEx
−$26.9K −$9.85/SF
NOI
$32.9K $12.04/SF
Area
Bakersfield, CA
Vacancy
6.00%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,360
Cap Rate 7%
$470,257
Cap Rate 9%
$365,756
Alternative Uses
Best Use
Apartment 5plus
$470.3K
$411.5K – $548.6K
NOI $32,918 @ 7.0% cap · market cap 5.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$725.8K
$635.1K – $846.8K
NOI $50,805 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
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
$228,800
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Bakersfield, CA
Properties on Market for Multifamily properties in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Both detached residences have fully paid solar systems and separate gas and electric meters.
Where is this multifamily property located?
The property is located at 14734 Marjoram Dr Bakersfield, CA.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: Two detached homes on one lot; Built in 2025; Front residence: 1,525 square feet, 3 bedrooms, 2 bathrooms
