Triplex with Individual
For Sale
Contact for pricing
1909 Buena Vista St, Bakersfield, CA 93304
Tenant-occupied multifamily property with hard-surface finishes and HVAC serving each residence.
Property Size2,425 SF
Price / SF$214.43
Days on Market144
Property Features for 1909 Buena Vista St
General Information
Standard status
Active
Size
2,425 SF
Property subtype
Multifamily
Zoning
R3
Building Details
Year Built
1966
Stories
1
Units
3
Listing Agency:
Clemmer & Company Real Estate Services
(661) 477-2310
Listed By:
Mark Clemmer · License #01994471
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 31 at 3:50AM
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 Clemmer & Company Real Estate Services
Investment Insights
Based on property information with market context.
Built in 1966, this 2,425-square-foot multifamily property contains three residences, each configured with two bedrooms and one bathroom. Every unit includes hard-surface finishes and its own HVAC equipment. The property is tenant occupied and currently operates as an income-producing triplex with owner-managed units.
Located in Bakersfield, the asset is zoned R3. Tours are limited to drive-by review, with any offer subject to an interior inspection. The available property information is limited, making verification of unit-level details and operating figures part of the inspection process.
Located in Bakersfield, the asset is zoned R3. Tours are limited to drive-by review, with any offer subject to an interior inspection. The available property information is limited, making verification of unit-level details and operating figures part of the inspection process.
Key Highlights
- Three‑unit multifamily property with 2,425 square feet
- Each residence includes 2 bedrooms and 1 bathroom
- Individual HVAC units serve all three residences
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
$31,426
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
6.04%
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%
$628,520
$628.5K
Cap Rate 7%
$448,943
$448.9K
Cap Rate 9%
$349,178
$349.2K
Market Conditions
NOI Build-Up for 2,425 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
$48.0K $19.80/SF
− Vacancy
−$3.1K −$1.29/SF
EGI
$44.9K $18.51/SF
− OpEx
−$13.5K −$5.55/SF
NOI
$31.4K $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%
$628,520
Cap Rate 7%
$448,943
Cap Rate 9%
$349,178
Alternative Uses
Best Use
Multifamily LT 5
$448.9K
$392.8K – $523.8K
NOI $31,426 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$417.0K
$364.8K – $486.5K
NOI $29,187 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$643.5K
$563.1K – $750.8K
NOI $45,047 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
990
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?
Triplex - Tenant-occupied multifamily property with hard-surface finishes and HVAC serving each residence.
Where is this triplex located?
The property is located at 1909 Buena Vista St Bakersfield, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 2,425 square feet; Each residence includes 2 bedrooms and 1 bathroom; Individual HVAC units serve all three residences
