Remodeled Duplex with Covered
For Sale
Under Contract
$379,999
220 Moneta Avenue, Bakersfield, CA 93308
Residential Income, Bakersfield, CA
Property Size1,686 SF
Lot Size0.15 Acres
Price / SF$225.38
Days on Market68
Property Features for 220 Moneta Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Covered
Elementary school
Standard
Middle school
Standard
High school
North
Subdivision
21
Standard status
Active Under Contract
APN
11404124
Size
1,686 SF
Lot size
0.15 Acres
Building Details
Year built
1927
Floors in Building
1
Number of units
2
Listing Agency:
eXp Realty of California Inc
(888) 584-9427
Listed By:
Jaime Mendez · License #02179018
(661) 543-9435
Added: Jun 23
Changed: Aug 26
Last Checked: Aug 29 at 12:06AM
MLS# 202606742
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex contains 1,686 square feet and was built in 1927. Both residences have undergone remodeling that includes modern cabinetry, upgraded flooring, new light fixtures, fresh interior paint, newer windows, and updated HVAC systems. The exterior has also been repainted, supporting straightforward ongoing maintenance.
Each unit has separate gas and electric metering, while covered parking serves the property. The duplex occupies approximately 0.15 acres and is located in Bakersfield, California.
Each unit has separate gas and electric metering, while covered parking serves the property. The duplex occupies approximately 0.15 acres and is located in Bakersfield, California.
Key Highlights
- 1,686‑square‑foot duplex on approximately 0.15 acres
- Both units remodeled with updated cabinetry, flooring, lighting, windows, HVAC, and interior paint
- Separate gas and electric meters for each unit
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
$21,849
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
5.75%
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%
$436,980
$437.0K
Cap Rate 7%
$312,129
$312.1K
Cap Rate 9%
$242,767
$242.8K
Market Conditions
NOI Build-Up for 1,686 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
$33.4K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.2K $18.51/SF
− OpEx
−$9.4K −$5.55/SF
NOI
$21.8K $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%
$436,980
Cap Rate 7%
$312,129
Cap Rate 9%
$242,767
Alternative Uses
Best Use
Multifamily LT 5
$312.1K
$273.1K – $364.2K
NOI $21,849 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$289.9K
$253.7K – $338.2K
NOI $20,292 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$447.4K
$391.5K – $522.0K
NOI $31,319 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
455
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
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 - Two refreshed units include separate gas and electric meters.
Where is this duplex located?
The property is located at 220 Moneta Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $379,999.
What are key features of this property?
This property features: 1,686‑square‑foot duplex on approximately 0.15 acres; Both units remodeled with updated cabinetry, flooring, lighting, windows, HVAC, and interior paint; Separate gas and electric meters for each unit
