Quadplex with Carport
For Sale
$699,000
Pending
2712 Morin Court, Bakersfield, CA 93304
Multi Family, Bakersfield, CA
Property Size3,410 SF
Lot Size0.19 Acres
Days on Market180
Property Features for 2712 Morin Court
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 6, Bedroom 5, Bedroom 8, Bedroom 7, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Carport
Exterior features
Stucco
High school district
Bakersfield City
Directions
From Hughes Ln, West on Wilson, South on Agate St., west on Coventry Dr, turn on Morin Ct.
Subdivision
304
Standard status
Pending
APN
0235800400
Size
3,410 SF
Lot size
0.19 Acres
Building Details
Year built
1985
Floors in Building
2
Number of units
4
Roof type
Composition
Listing Agency:
Realty Concepts, Ltd. - Fresno
(559) 490-1500
Listed By:
Linda Parks · License #02052142
(559) 490-1500
Added: Mar 5
Changed: Aug 19
Last Checked: Sep 1 at 2:06AM
MLS# 644876
Copyright © 2026 Fresno 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 four-unit residential income property contains 3,410 square feet on a 0.19-acre lot. The unit mix includes two residences with two bedrooms and one bathroom, plus two residences with two bedrooms and two bathrooms. Each unit is currently leased, supporting an established occupancy profile for the next owner.
Built in 1985, the property is positioned on Morin Court in Bakersfield, California. Exterior construction includes stucco, with composition roofing and carport parking. The property is located in Kern County and carries the address 2712 Morin Court, Bakersfield, CA 93304.
Built in 1985, the property is positioned on Morin Court in Bakersfield, California. Exterior construction includes stucco, with composition roofing and carport parking. The property is located in Kern County and carries the address 2712 Morin Court, Bakersfield, CA 93304.
Key Highlights
- Four‑unit quadplex built in 1985
- 3,410 square feet on a 0.19‑acre lot
- Unit mix includes two 2‑bedroom/1‑bath and two 2‑bedroom/2‑bath residences
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
$44,191
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
6.32%
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%
$883,820
$883.8K
Cap Rate 7%
$631,300
$631.3K
Cap Rate 9%
$491,011
$491.0K
Market Conditions
NOI Build-Up for 3,410 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
$67.5K $19.80/SF
− Vacancy
−$4.4K −$1.29/SF
EGI
$63.1K $18.51/SF
− OpEx
−$18.9K −$5.55/SF
NOI
$44.2K $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%
$883,820
Cap Rate 7%
$631,300
Cap Rate 9%
$491,011
Alternative Uses
Best Use
Multifamily LT 5
$631.3K
$552.4K – $736.5K
NOI $44,191 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$904.9K
$791.8K – $1.06M
NOI $63,344 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
672
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?
Quadplex - Fully leased four-unit property with a two-bedroom configuration across each residence and a mix of one- and two-bath layouts.
Where is this quadplex located?
The property is located at 2712 Morin Court Bakersfield, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Four‑unit quadplex built in 1985; 3,410 square feet on a 0.19‑acre lot; Unit mix includes two 2‑bedroom/1‑bath and two 2‑bedroom/2‑bath residences
