Duplex with Separate
For Sale
$215,000
26949 Anderson Street, Boron, CA 93516
Two one-bedroom units each include indoor laundry and individually metered water, power, and gas.
Property Size884 SF
Lot Size0.21 Acres
Price / SF$243.21
Days on Market218
Property Features for 26949 Anderson Street
General Information
Standard status
Active
Size
884 SF
Lot size
0.21 Acres
Property subtype
Multi-Family
Zoning
R-2
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Amenities
indoor laundry
Room Refrig Air
Natural Gas
Shingle
Stucco
Building Details
Year Built
1955
Listing Agency:
Keller Williams Realty A.V.
(760) 403-3985
Listed By:
Zachary Sprague · License #02076699
(760) 403-3985
Source:
Compass
Added: Jan 24
Changed: Aug 30
Last Checked: Aug 30 at 9:16AM
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 Keller Williams Realty A.V.
Investment Insights
Based on property information with market context.
This duplex contains two separate one-bedroom, one-bath residences, for a combined configuration of 2 beds and 2 baths. Each unit has indoor laundry, while water, power, and natural gas are separately metered to support distinct utility tracking. Interior features include room refrig air and natural gas, with stucco and shingle exterior finishes. The property was originally built in 1955 and is located on an approximately 0.21-acre lot.
Situated at 26949 Anderson Street in Boron, California, the property offers central access within the community and connectivity toward Hwy 58, US-395, and the greater High Desert corridor. R-2 zoning supports its duplex classification. The two-unit layout provides a straightforward multifamily configuration with separate residences and utility service.
Situated at 26949 Anderson Street in Boron, California, the property offers central access within the community and connectivity toward Hwy 58, US-395, and the greater High Desert corridor. R-2 zoning supports its duplex classification. The two-unit layout provides a straightforward multifamily configuration with separate residences and utility service.
Key Highlights
- Two separate 1 bed / 1 bath units; 2 beds / 2 baths total
- Indoor laundry in both units
- Separately metered water, power, and gas
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
$11,034
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
5.13%
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%
$220,680
$220.7K
Cap Rate 7%
$157,629
$157.6K
Cap Rate 9%
$122,600
$122.6K
Market Conditions
NOI Build-Up for 884 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
$16.2K $18.36/SF
− Vacancy
−$467 −$0.53/SF
EGI
$15.8K $17.83/SF
− OpEx
−$4.7K −$5.35/SF
NOI
$11.0K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /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%
$220,680
Cap Rate 7%
$157,629
Cap Rate 9%
$122,600
Alternative Uses
Best Use
Multifamily LT 5
$157.6K
$137.9K – $183.9K
NOI $11,034 @ 7.0% cap · market cap 5.13%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.7K
NOI $10,184 @ 7.0% cap · market cap 4.74%
Theoretical Best
Warehouse
$188.8K
$165.2K – $220.3K
NOI $13,219 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 93516, CA
2,114
Population
1,286
Households
1.6
Avg Household Size
39
Median Age
22%
College-Educated
82%
High-School Grad
28.6 sq mi
ZIP Area
74
Density / Sq Mi
$71,250
Median Household Income
$46,163
Median Earnings
$981
Median Rent
$102,500
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 - Two one-bedroom units each include indoor laundry and individually metered water, power, and gas.
Where is this duplex located?
The property is located at 26949 Anderson Street Boron, CA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Two separate 1 bed / 1 bath units; 2 beds / 2 baths total; Indoor laundry in both units; Separately metered water, power, and gas
