Two-Unit Residential Income
2329 Lomita Verde Drive Bakersfield, CA 93305
For Sale
$325,000
MULTI_FAMILY - Bakersfield, CA
Property Size1,464 SF
Lot Size0.17 Acres
Price / SF$221.99
Days on Market12
Property Features for 2329 Lomita Verde Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
12406103
Size
1,464 SF
Lot size
0.17 Acres
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Jessica J Self
(661) 706-2477
Added: Jul 16
Changed: Jul 25
Last Checked: Jul 27 at 11:06AM
MLS# 202607735
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property offers two separate living spaces on one lot. The main home includes 3 bedrooms and 1 bathroom, and it has been updated with a new roof and a new A/C unit. A detached garage has been converted into an additional 1-bedroom, 1-bath living area, creating a flexible second unit.
The home is located in Bakersfield, near Garces Memorial High School, with access to area schools, shopping, parks, and restaurants.
With two independently functioning living areas, the layout may support a variety of residential living arrangements while keeping both units under one ownership.
The home is located in Bakersfield, near Garces Memorial High School, with access to area schools, shopping, parks, and restaurants.
With two independently functioning living areas, the layout may support a variety of residential living arrangements while keeping both units under one ownership.
Key Highlights
- 1940 home with two separate living spaces on one lot
- Main home features 3 bedrooms and 1 bathroom
- Detached garage converted into 1‑bedroom, 1‑bath additional living area
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 | $29.0k | $19.80 |
| − Vacancy | −$1.9k | −$1.29 |
| EGI | $27.1k | $18.51 |
| − OpEx | −$8.1k | −$5.55 |
| NOI | $19.0k | $12.96 |
1,464 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$251.7K
$220.3K – $293.7K
NOI $17,620 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$388.5K
$339.9K – $453.3K
NOI $27,195 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces sit on one lot, including a main home and a detached converted garage unit.
Where is this duplex located?
The property is located at 2329 Lomita Verde Drive Bakersfield, CA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1940 home with two separate living spaces on one lot; Main home features 3 bedrooms and 1 bathroom; Detached garage converted into 1‑bedroom, 1‑bath additional living area
