Duplex With Detached Rear
For Sale
$319,950
2325 Verde, Bakersfield, CA 93304
Two separate homes share one lot, with an updated front residence and a private backyard.
Property Size1,199 SF
Days on Market57
Property Features for 2325 Verde
General Information
Standard status
Active
Size
1,199 SF
Property subtype
Investment
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$26,400
Amenities
covered patio
private backyard
Building Details
Building Size
1,199 SF
Year Built
1947
Buildings
2
Stories
1
Units
2
Listing Agency:
Watson Realty
Listed By:
Shanti Brinsfield · License #01350420
(661) 978-7101
Source:
Elliman
Added: Sep 6
Changed: Oct 26
Last Checked: Oct 30 at 4:09PM
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 Watson Realty
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Investment Insights
Based on property information with market context.
This duplex property at 2325 Verde includes two separate residences on one lot. The front home provides 2 bedrooms and 1 bathroom, with refreshed interior and exterior paint, central heat and A/C, a remodeled kitchen, and an updated bathroom. The detached rear residence has 1 bedroom and 1 bathroom, creating a separate living space on the property.
Outdoor features include a covered patio and private backyard. The property is in the Oleander area near schools, shopping, and BHS. It is currently rented under a month-to-month lease ending in Oct. The home was built in 1947, and tenants are responsible for water.
Outdoor features include a covered patio and private backyard. The property is in the Oleander area near schools, shopping, and BHS. It is currently rented under a month-to-month lease ending in Oct. The home was built in 1947, and tenants are responsible for water.
Key Highlights
- Two homes situated on one lot
- Front residence offers 2 bedrooms and 1 bathroom
- Detached rear unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,538
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$310,760
$310.8K
Cap Rate 7%
$221,971
$222.0K
Cap Rate 9%
$172,644
$172.6K
Market Conditions
NOI Build-Up for 1,199 SF
Gross rent
$23.7K $19.80/SF
− Vacancy
−$1.5K −$1.29/SF
EGI
$22.2K $18.51/SF
− OpEx
−$6.7K −$5.55/SF
NOI
$15.5K $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%
$310,760
Cap Rate 7%
$221,971
Cap Rate 9%
$172,644
Alternative Uses
Best Use
Multifamily LT 5
$222.0K
$194.2K – $259.0K
NOI $15,538 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$206.2K
$180.4K – $240.5K
NOI $14,431 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$318.2K
$278.4K – $371.2K
NOI $22,273 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
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Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes share one lot, with an updated front residence and a private backyard.
Where is this duplex located?
The property is located at 2325 Verde Bakersfield, CA.
What is the asking price?
The asking price for this property is $319,950.
What are key features of this property?
This property features: Two homes situated on one lot; Front residence offers 2 bedrooms and 1 bathroom; Detached rear unit includes 1 bedroom and 1 bathroom
