Modern Duplex Near Trauma
For Sale
$391,000
1603 Palm Drive, Bakersfield, CA 93305
2019 duplex near Bakersfield Trauma Center, ideal for investors.
Property Size1,724 SF
Price / SF$226.80
Days on Market406
Property Features for 1603 Palm Drive
General Information
Standard status
Active
Size
1,724 SF
Property subtype
Duplex
Amenities
Central AC
Central Heat
Building Details
Building Size
1,724 SF
Year Built
2019
Stories
1
Listing Agency:
LPT Realty. Inc.
Listed By:
Benny Villarreal
(661) 369-0909
Source:
Kw
Added: Aug 27, 2025
Changed: Oct 6
Last Checked: Oct 5 at 5:06PM
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 LPT Realty. Inc.
Investment Insights
Based on property information with market context.
This 2019-built duplex is located across the street from the Bakersfield Trauma Center Hospital. Each unit features 2 bedrooms and 1 bathroom, indoor laundry, updated flooring and paint, granite countertops, and an attached 1-car garage with driveway parking. The property is located minutes from shopping centers and dining. This property may be suitable for travel nurses, doctors, or investors.
Key Highlights
- Prime Location: Directly across from Bakersfield Trauma Center Hospital, ideal for medical professionals or investors.
- Modern Construction: Built in 2019, offering contemporary design.
- Duplex: Provides dual income potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,964
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,280
$459.3K
Cap Rate 7%
$328,057
$328.1K
Cap Rate 9%
$255,156
$255.2K
Market Conditions
NOI Build-Up for 1,724 SF
Gross rent
$41.4K $24.00/SF
− Vacancy
−$3.1K −$1.80/SF
EGI
$38.3K $22.20/SF
− OpEx
−$15.3K −$8.88/SF
NOI
$23.0K $13.32/SF
Area
Bakersfield, CA
Vacancy
7.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,280
Cap Rate 7%
$328,057
Cap Rate 9%
$255,156
Alternative Uses
Best Use
Healthcare Medical
$328.1K
$287.1K – $382.7K
NOI $22,964 @ 7.0% cap · market cap 5.87%
Second Best
Multifamily LT 5
$319.2K
$279.3K – $372.4K
NOI $22,341 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - 2019 duplex near Bakersfield Trauma Center, ideal for investors.
Where is this duplex located?
The property is located at 1603 Palm Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $391,000.
What are key features of this property?
This property features: Prime Location: Directly across from Bakersfield Trauma Center Hospital, ideal for medical professionals or investors.; Modern Construction: Built in 2019, offering contemporary design.; Duplex: Provides dual income potential.
