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 Market88
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
(661) 477-3484
Listed By:
Roger Magana · License #01708253
(661) 477-3484
Source:
Kw
Added: Jun 5
Changed: Aug 29
Last Checked: Aug 31 at 12:50AM
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
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 = 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
$10,367
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
5.18%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
