Fourplex with Four Two-Bedroom
For Sale
$679,000
2712 Morin Court, Bakersfield, CA 93304
Three residences are leased, with one currently vacant.
Property Size3,410 SF
Price / SF$199.12
Days on Market15
Property Features for 2712 Morin Court
General Information
Standard status
Active
Size
3,410 SF
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR/1BA, 2 x 2BR/2BA
Multifamily Units
4
Building Details
Year Built
1985
Stories
2
Listing Agency:
Realty Concepts, Ltd. - Fresno
Listed By:
listing agent
(214) 418-0197
Source:
Goxander
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 29 at 12:51AM
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 Realty Concepts, Ltd. - Fresno
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1985, this four-unit multifamily property contains 3,410 square feet across four two-bedroom residences. The unit mix includes two apartments with one bathroom each and two with two bathrooms each. Three units are leased, while the fourth is vacant.
The property is located on Morin Court in Bakersfield, California, on a cul-de-sac.
The property is located on Morin Court in Bakersfield, California, on a cul-de-sac.
Key Highlights
- Four units total, each with two bedrooms
- Two units have one bathroom; two units have two bathrooms
- 3,410 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,191
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
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
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 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 6.51%
Second Best
Apartment 5plus
$586.3K
$513.0K – $684.0K
NOI $41,042 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$904.9K
$791.8K – $1.06M
NOI $63,344 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Three residences are leased, with one currently vacant.
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 $679,000.
What are key features of this property?
This property features: Four units total, each with two bedrooms; Two units have one bathroom; two units have two bathrooms; 3,410 square feet
