227 Simon Drive, Bakersfield, CA 93307
MULTI_FAMILY - Bakersfield, CA
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 27 at 8:06 pm
Property Features for 227 Simon Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Standard status
- Active
- APN
- 16705123
- Size
- 2,172 SF
- Lot size
- 0.18 Acres
Building Details
- Year built
- 2007
- Floors in Building
- 1
- Number of units
- 2
Listing agent Desiree Caywood (661) 699-7273
Listing office Watson Realty 9101 Camino Media, Bakersfield, CA (661) 327-5161
Listing date Jun 23, 2026
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 2007 with 2 spacious 3‑bedroom, 2‑bath units
- Each unit includes a large living room, dining area, kitchen, indoor laundry, and a primary suite
- One unit features a generously sized backyard
- Carport parking included
- Both units are tenant occupied
Overview
The property is located at 227 Simon Drive in Bakersfield, CA 93307, in a convenient area described as being near schools and shopping, along with everyday amenities. Both units are currently tenant occupied, supporting a “turnkey” approach for an owner looking to add an operating asset to their portfolio.
From an ownership perspective, the rental layout—two similar 3-bedroom, 2-bath homes—can appeal to tenants seeking functional indoor space, while the backyard benefit in one unit provides an added differentiator. The offering is marketed as an investment opportunity with a stated 8% cap rate. If you’re evaluating multifamily alternatives, this property’s dual-unit configuration and tenant-occupied status provide a straightforward starting point for consideration.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $19.44 |
| − Vacancy | −$2.7k | −$1.26 |
| EGI | $39.5k | $18.18 |
| − OpEx | −$11.8k | −$5.45 |
| NOI | $27.6k | $12.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.978311
- Latitude
- 35.351835
