Single-Level Duplex
2320 Michael St Bakersfield, CA 93307
2320 Michael St, Bakersfield, CA, 93307
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For Sale
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Single-level duplex with two 3-bedroom, 1-bath units and laundry hookups on a 7,510 sq ft lot.
Property Size2,148 SF
Lot Size0.17 Acres
Price / SF$185.75
Days on Market113
Property Features for 2320 Michael St
General Information
- Standard status
- Active
- Size
- 2,148 SF
- Lot size
- 0.17 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agency
ASU Commercial
(661) 889-6597
Listed by
Marc Thurston · License #CA 01099353
Source
Crexi
Added: Apr 2 Updated: Jul 22 at 3:10PM Checked: Jul 22 at 3:10PM
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 ASU Commercial
Investment Insights
Based on property information with market context.
This for-sale duplex features two spacious, single-level 3-bedroom, 1-bath units. Both units include laundry hookups, and the property was built in 1980.
The duplex is located at 2320 Michael St in Bakersfield. The offering includes two units with current rents of $1,200 and $1,300.
The total building size is approximately 2,148 square feet, situated on a 7,510 square foot lot. The property is presented as a value-add opportunity with current rents noted as below market.
The duplex is located at 2320 Michael St in Bakersfield. The offering includes two units with current rents of $1,200 and $1,300.
The total building size is approximately 2,148 square feet, situated on a 7,510 square foot lot. The property is presented as a value-add opportunity with current rents noted as below market.
Key Highlights
- Duplex built in 1980 on a 7,510 sq ft lot at 2320 Michael Street, Bakersfield
- Two single‑level 3‑bedroom, 1‑bath units totaling approximately 2,148 SF
- Laundry hookups included for both units
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 | $41.8k | $19.44 |
| − Vacancy | −$2.7k | −$1.26 |
| EGI | $39.0k | $18.18 |
| − OpEx | −$11.7k | −$5.45 |
| NOI | $27.3k | $12.72 |
2,148 SF · lease $19.44/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$390.4K
$341.6K – $455.5K
NOI $27,330 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$351.0K
$307.2K – $409.5K
NOI $24,572 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$530.7K
$464.4K – $619.2K
NOI $37,152 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Single-level duplex with two 3-bedroom, 1-bath units and laundry hookups on a 7,510 sq ft lot.
Where is this duplex located?
The property is located at 2320 Michael St Bakersfield, CA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Duplex built in 1980 on a 7,510 sq ft lot at 2320 Michael Street, Bakersfield; Two single‑level 3‑bedroom, 1‑bath units totaling approximately 2,148 SF; Laundry hookups included for both units
