Duplex With Dedicated
For Sale
$440,000
2321 B Street, Bakersfield, CA 93301
Upgraded units provide dedicated parking in an established Bakersfield residential setting.
Property Size1,117 SF
Price / SF$393.91
Days on Market14
Property Features for 2321 B Street
General Information
Standard status
Active
Size
1,117 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units
2
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Robin Singh Hundal
(661) 330-6896
Source:
Exprealty
Added: Sep 11
Changed: Sep 24
Last Checked: Sep 22 at 6:35PM
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 Central Valley Property Advisors
Investment Insights
Based on property information with market context.
Located at 2321 B Street in Bakersfield, this 1,117-square-foot duplex includes one 2BD/1BA unit and one 1BD/1BA unit. Each residence has dedicated parking, and upgrades have been completed throughout the property.
The property is situated in the Westchester submarket of Bakersfield, providing a two-unit residential configuration with distinct unit layouts and on-site parking. Its existing improvements and varied unit mix define the asset’s practical income-property profile.
The property is situated in the Westchester submarket of Bakersfield, providing a two-unit residential configuration with distinct unit layouts and on-site parking. Its existing improvements and varied unit mix define the asset’s practical income-property profile.
Key Highlights
- 1,117‑square‑foot duplex at 2321 B Street, Bakersfield, CA 93301
- Unit mix includes one 2BD/1BA and one 1BD/1BA residence
- Dedicated parking provided 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
$14,475
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
3.29%
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%
$289,500
$289.5K
Cap Rate 7%
$206,786
$206.8K
Cap Rate 9%
$160,833
$160.8K
Market Conditions
NOI Build-Up for 1,117 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
$22.1K $19.80/SF
− Vacancy
−$1.4K −$1.29/SF
EGI
$20.7K $18.51/SF
− OpEx
−$6.2K −$5.55/SF
NOI
$14.5K $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%
$289,500
Cap Rate 7%
$206,786
Cap Rate 9%
$160,833
Alternative Uses
Best Use
Multifamily LT 5
$206.8K
$180.9K – $241.3K
NOI $14,475 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$192.1K
$168.1K – $224.1K
NOI $13,444 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Upgraded units provide dedicated parking in an established Bakersfield residential setting.
Where is this duplex located?
The property is located at 2321 B Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,117‑square‑foot duplex at 2321 B Street, Bakersfield, CA 93301; Unit mix includes one 2BD/1BA and one 1BD/1BA residence; Dedicated parking provided for each unit
