Duplex with Covered
For Sale
$325,000
2528 Security Avenue, Bakersfield, CA 93306
Residential Income, Bakersfield, CA
Property Size1,904 SF
Lot Size0.15 Acres
Price / SF$170.69
Days on Market15
Property Features for 2528 Security Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Covered
Elementary school
Mann, Horace
Middle school
Compton
High school
East
Subdivision
32
Standard status
Active
APN
13721015
Size
1,904 SF
Lot size
0.15 Acres
Amenities
central heat and air
ceiling fans
indoor washer/dryer hookups
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Phil M Jordan
(805) 453-8353
Added: Sep 22
Changed: Sep 25
Last Checked: Oct 6 at 3:06PM
MLS# 202610177
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.
Investment Insights
Based on property information with market context.
Built in 1977, this 1,904-square-foot duplex contains two matching residences, each configured with 2 bedrooms and 1 bathroom. Both units include central heat and air, ceiling fans, and indoor washer/dryer hookups. One residence is leased to a long-term Section 8 tenant, while the second is vacant and move-in ready.
The property sits on a 0.1512-acre lot in an established East Bakersfield neighborhood. Four off-street parking spaces are provided, including covered parking. The current ownership period exceeds 20 years, adding a documented history of long-term ownership to the property profile.
The property sits on a 0.1512-acre lot in an established East Bakersfield neighborhood. Four off-street parking spaces are provided, including covered parking. The current ownership period exceeds 20 years, adding a documented history of long-term ownership to the property profile.
Key Highlights
- Two‑unit duplex with 1,904 square feet of building area
- Each unit offers 2 bedrooms and 1 bathroom
- Unit B is leased to a long‑term Section 8 tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,938
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,760
$498.8K
Cap Rate 7%
$356,257
$356.3K
Cap Rate 9%
$277,089
$277.1K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$37.7K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$35.6K $18.71/SF
− OpEx
−$10.7K −$5.61/SF
NOI
$24.9K $13.10/SF
Area
ZIP 93306
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,760
Cap Rate 7%
$356,257
Cap Rate 9%
$277,089
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$319.9K
$280.0K – $373.3K
NOI $22,396 @ 7.0% cap · market cap 6.89%
Theoretical Best
Specialty Retail
$508.9K
$445.3K – $593.8K
NOI $35,626 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
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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 - Two residential units feature private laundry hookups, central heating and air conditioning, and a flexible occupancy profile.
Where is this duplex located?
The property is located at 2528 Security Avenue 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: Two‑unit duplex with 1,904 square feet of building area; Each unit offers 2 bedrooms and 1 bathroom; Unit B is leased to a long‑term Section 8 tenant
