Duplex with Covered
2321 B Street, Bakersfield, CA 93301
For Sale
$430,000
Residential Income, Bakersfield, CA
Property Size1,117 SF
Lot Size0.16 Acres
Price / SF$384.96
Days on Market60
Property Features for 2321 B Street
General Information
Property type
Property subtype
Parking features
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
Central Valley Property Advisors
(661) 376-0575
Listed By:
Robin Hundal
(661) 330-6896
Added: Sep 11
Changed: Oct 24
Last Checked: Nov 9 at 10:06PM
MLS# 202609887
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,117 square feet across two apartments: one with 2 bedrooms and 1 bathroom, and the other with 1 bedroom and 1 bathroom. Both units have dedicated covered parking. The property was built in 1947 and occupies a 0.16-acre lot at 2321 B Street in Bakersfield, California.
Key Highlights
- Two‑unit property with 1,117 square feet of building area
- Unit mix: one 2BD/1BA apartment and one 1BD/1BA apartment
- Dedicated covered parking for each unit
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
Who owns this building?
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Open Analytics
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
$264,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Bakersfield, CA
Properties on Market for Duplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately configured apartments provide a one-bedroom and a two-bedroom layout, each with dedicated parking.
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 $430,000.
What are key features of this property?
This property features: Two‑unit property with 1,117 square feet of building area; Unit mix: one 2BD/1BA apartment and one 1BD/1BA apartment; Dedicated covered parking for each unit
