Two-Unit Duplex with Tile
New
For Sale
$395,000
270 Elm St, Shafter, CA 93307
Each residence includes three bedrooms, two bathrooms, and an indoor utility area.
Property Size2,160 SF
Price / SF$182.87
Days on Market4
Property Features for 270 Elm St
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Single Family Residential
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Building Details
Year Built
2006
Stories
1
Listing Agency:
Clemmer and Company Real Estate Services
Listed By:
Gricelda Lopez
(661) 246-8906
Source:
Besthomesbakersfield
Added: Oct 29
Changed: Oct 31
Last Checked: Oct 30 at 2:44PM
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 Clemmer and Company Real Estate Services
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Investment Insights
Based on property information with market context.
This duplex contains two residences on one lot, with 2,160 square feet of combined living area. Each unit has three bedrooms, two bathrooms, tile floors throughout, and an indoor utility area. The property was built in 2006.
Key Highlights
- Two residential units situated on one lot
- 2,160 square feet of combined living area
- Each unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,483
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,660
$549.7K
Cap Rate 7%
$392,614
$392.6K
Cap Rate 9%
$305,367
$305.4K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$42.0K $19.44/SF
− Vacancy
−$2.7K −$1.26/SF
EGI
$39.3K $18.18/SF
− OpEx
−$11.8K −$5.45/SF
NOI
$27.5K $12.72/SF
Area
ZIP 93307
Vacancy
6.50%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,660
Cap Rate 7%
$392,614
Cap Rate 9%
$305,367
Alternative Uses
Best Use
Multifamily LT 5
$392.6K
$343.5K – $458.1K
NOI $27,483 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$353.0K
$308.9K – $411.8K
NOI $24,710 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$533.7K
$467.0K – $622.7K
NOI $37,360 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
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Business Placement
Demographics for 93307, CA
88,338
Population
24,349
Households
3.6
Avg Household Size
29
Median Age
7%
College-Educated
59%
High-School Grad
141.2 sq mi
ZIP Area
626
Density / Sq Mi
$52,572
Median Household Income
$29,141
Median Earnings
$1,195
Median Rent
$238,400
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 - Each residence includes three bedrooms, two bathrooms, and an indoor utility area.
Where is this duplex located?
The property is located at 270 Elm St Shafter, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two residential units situated on one lot; 2,160 square feet of combined living area; Each unit has 3 bedrooms and 2 bathrooms
