Tenant-Occupied
For Sale
$200,000
1612 Ming, Bakersfield, CA 93304
Residential income property with tenants in place and an as-is renovation profile.
Property Size800 SF
Lot Size0.16 Acres
Price / SF$250
Days on Market137
Property Features for 1612 Ming
General Information
Standard status
Active
Size
800 SF
Lot size
0.16 Acres
Property subtype
Duplex
Building Details
Year Built
1941
Stories
1
Listing Agency:
Golden Valley Real Estate Group
Listed By:
Roger Magana · License #01708253
(661) 477-3484
Source:
Kw
Added: Jun 5
Changed: Oct 16
Last Checked: Oct 16 at 6:51AM
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 Golden Valley Real Estate Group
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Investment Insights
Based on property information with market context.
Built in 1941, this duplex is configured as a residential income property with tenants in place and an as-is sale condition. The main structure provides approximately 800 sq. ft. of living space and retains period character, while the property occupies a 6,969 sq. ft. lot.
The property is located at 1612 Ming in Bakersfield, California, within the West High School and Curran Junior High districts. Its established residential setting and proximity to local amenities and commuter routes support continued residential use. The asset may also suit an owner seeking a multi-generational living arrangement or a renovation project.
The property is located at 1612 Ming in Bakersfield, California, within the West High School and Curran Junior High districts. Its established residential setting and proximity to local amenities and commuter routes support continued residential use. The asset may also suit an owner seeking a multi-generational living arrangement or a renovation project.
Key Highlights
- 6,969 sq. ft. lot at 1612 Ming, Bakersfield, CA 93304
- Duplex classification with tenants in place
- Approximately 800 sq. ft. of living space in the main structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,367
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$207,340
$207.3K
Cap Rate 7%
$148,100
$148.1K
Cap Rate 9%
$115,189
$115.2K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$15.8K $19.80/SF
− Vacancy
−$1.0K −$1.29/SF
EGI
$14.8K $18.51/SF
− OpEx
−$4.4K −$5.55/SF
NOI
$10.4K $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%
$207,340
Cap Rate 7%
$148,100
Cap Rate 9%
$115,189
Alternative Uses
Best Use
Multifamily LT 5
$148.1K
$129.6K – $172.8K
NOI $10,367 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$137.6K
$120.4K – $160.5K
NOI $9,629 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$212.3K
$185.8K – $247.7K
NOI $14,861 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
465
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with tenants in place and an as-is renovation profile.
Where is this duplex located?
The property is located at 1612 Ming Bakersfield, CA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 6,969 sq. ft. lot at 1612 Ming, Bakersfield, CA 93304; Duplex classification with tenants in place; Approximately 800 sq. ft. of living space in the main structure
