Two-Unit Duplex with Detached
For Sale
Under Contract
$340,000
2727 Chester Lane, Bakersfield, CA 93304
Residential Income, Bakersfield, CA
Property Size1,519 SF
Lot Size0.17 Acres
Price / SF$223.83
Days on Market53
Property Features for 2727 Chester Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
5
Parking features
Garage
Subdivision
Chester Tract
Elementary school
Penn, William
Middle school
Emerson
High school
Bakersfield
Elementary school district
Bakersfield City
Standard status
Active Under Contract
APN
00727103
Size
1,519 SF
Lot size
0.17 Acres
Building Details
Year built
1952
Floors in Building
1
Number of units
2
Listing Agency:
Miramar Realty
(661) 381-6500
Listed By:
Jackie Dillow
(661) 342-8299
Added: Sep 8
Changed: Oct 24
Last Checked: Oct 30 at 11:06PM
MLS# 202609685
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.
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Investment Insights
Based on property information with market context.
This Bakersfield duplex contains two separate residences totaling 1,519 square feet. The front unit has one bedroom and one bathroom, with a living room, kitchen, and dining nook. At the rear, the two-bedroom, one-bath unit includes its own living room, kitchen, and dining nook. A detached two-car garage with laundry hookups serves the property, along with a large backyard. The roof was installed in 2024.
Built in 1952, the property occupies a 0.1725-acre lot in Bakersfield’s Oleander area, near downtown. The two-unit configuration allows an owner to occupy one residence while receiving income from the other.
Built in 1952, the property occupies a 0.1725-acre lot in Bakersfield’s Oleander area, near downtown. The two-unit configuration allows an owner to occupy one residence while receiving income from the other.
Key Highlights
- Two residences: front unit with 1 bedroom and 1 bath; rear unit with 2 bedrooms and 1 bath
- 1,519 square feet of building area on a 0.1725‑acre lot
- Detached 2‑car garage with laundry hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,685
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,700
$393.7K
Cap Rate 7%
$281,214
$281.2K
Cap Rate 9%
$218,722
$218.7K
Market Conditions
NOI Build-Up for 1,519 SF
Gross rent
$30.1K $19.80/SF
− Vacancy
−$2.0K −$1.29/SF
EGI
$28.1K $18.51/SF
− OpEx
−$8.4K −$5.55/SF
NOI
$19.7K $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%
$393,700
Cap Rate 7%
$281,214
Cap Rate 9%
$218,722
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.1K – $328.1K
NOI $19,685 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$261.2K
$228.5K – $304.7K
NOI $18,282 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$403.1K
$352.7K – $470.3K
NOI $28,217 @ 7.0% cap · market cap 8.30%
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
652
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate one- and two-bedroom residences include kitchens, dining nooks, and a shared backyard.
Where is this duplex located?
The property is located at 2727 Chester Lane Bakersfield, CA.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two residences: front unit with 1 bedroom and 1 bath; rear unit with 2 bedrooms and 1 bath; 1,519 square feet of building area on a 0.1725‑acre lot; Detached 2‑car garage with laundry hookups
