Bakersfield Duplex with Income
For Sale
$350,000
241 L Street, Bakersfield, CA 93304
Duplex in Bakersfield featuring a 4-bed and 1-bed unit.
Property Size1,325 SF
Days on Market388
Property Features for 241 L Street
General Information
Standard status
Active
Size
1,325 SF
Property subtype
Duplex
Building Details
Building Size
1,325 SF
Year Built
1946
Stories
1
Listing Agency:
A First Choice Financial Group Inc
(714) 493-8327
Listed By:
Michael Aviles
(714) 493-8327
Source:
Kw
Added: Aug 7, 2025
Changed: Aug 27
Last Checked: Aug 26 at 3:33PM
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 A First Choice Financial Group Inc
Investment Insights
Based on property information with market context.
This property is a duplex featuring two units. Unit #1 includes 4 bedrooms and 1 bath, while Unit #2 has 1 bedroom and 1 bath. It is located in Bakersfield, California.
Key Highlights
- Duplex property offers potential rental income.
- Unit #1 features 4 bedrooms, suitable for a family.
- Unit #1 includes 1 bathroom.
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
$17,171
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
4.91%
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%
$343,420
$343.4K
Cap Rate 7%
$245,300
$245.3K
Cap Rate 9%
$190,789
$190.8K
Market Conditions
NOI Build-Up for 1,325 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
$26.2K $19.80/SF
− Vacancy
−$1.7K −$1.29/SF
EGI
$24.5K $18.51/SF
− OpEx
−$7.4K −$5.55/SF
NOI
$17.2K $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%
$343,420
Cap Rate 7%
$245,300
Cap Rate 9%
$190,789
Alternative Uses
Best Use
Multifamily LT 5
$245.3K
$214.6K – $286.2K
NOI $17,171 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$227.8K
$199.3K – $265.8K
NOI $15,947 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$351.6K
$307.7K – $410.2K
NOI $24,613 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex in Bakersfield featuring a 4-bed and 1-bed unit.
Where is this duplex located?
The property is located at 241 L Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Duplex property offers potential rental income.; Unit #1 features **4 bedrooms**, suitable for a family.; Unit #1 includes 1 bathroom.
