Two-Unit
For Sale
$430,000
2321 B St, Bakersfield, CA 93301
Each residence has its own dedicated parking space.
Property Size1,117 SF
Price / SF$384.96
Days on Market33
Property Features for 2321 B St
General Information
Standard status
Active
Size
1,117 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 2BD/1BA, 1 x 1BD/1BA
Multifamily Units
2
Additional Details
Gross Income
$34,000
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Robin Singh Hundal
(661) 330-6896
Source:
Exprealty
Added: Sep 11
Changed: Oct 3
Last Checked: Oct 12 at 10:46PM
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.
This Bakersfield duplex contains two residences: one with two bedrooms and one bathroom, and another with one bedroom and one bathroom. Dedicated parking is provided for each unit. Upgrades have been completed throughout the property.
Key Highlights
- Two residences: one 2BD/1BA unit and one 1BD/1BA unit
- Dedicated parking for each residence
- Upgrades completed throughout the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,475
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
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
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 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 3.37%
Second Best
Apartment 5plus
$192.1K
$168.1K – $224.1K
NOI $13,444 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$296.4K
$259.4K – $345.8K
NOI $20,749 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Check the figures for this property
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 - Each residence has its own dedicated parking space.
Where is this duplex located?
The property is located at 2321 B St Bakersfield, CA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two residences: one 2BD/1BA unit and one 1BD/1BA unit; Dedicated parking for each residence; Upgrades completed throughout the property
