Three-Unit Residential
3027 California Avenue, Bakersfield, CA 93304
For Sale
New
$449,900
Residential Income, Bakersfield, CA
Property Size2,268 SF
Lot Size0.14 Acres
Price / SF$198.37
Days on Market5
Property Features for 3027 California Avenue
General Information
Property type
Property subtype
Parking features
Subdivision
Elementary school
Middle school
High school
Standard status
APN
Size
Lot size
Building Details
Year built
Floors in Building
Number of units
Buildings
Listing Agency:
JZ Realty
Listed By:
Jose J Zepeda · License #01449275
(661) 398-8000
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 7 at 6:06AM
MLS# 202611617
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.
The property combines a duplex with a separate single-family residence on a 0.1386-acre parcel. The duplex contains approximately 1,526 square feet, with two bedrooms and one bathroom in each unit. The detached home adds approximately 742 square feet, two bedrooms, and one bathroom, bringing the combined area to approximately 2,268 square feet. Built in 1953, the property also has garage parking.
The address is on California Avenue in Bakersfield. Downtown Bakersfield, Mercy Hospital, Bakersfield High School, and shopping and dining along California Avenue are identified nearby. Highway 99 and Highway 58 provide regional access.
The address is on California Avenue in Bakersfield. Downtown Bakersfield, Mercy Hospital, Bakersfield High School, and shopping and dining along California Avenue are identified nearby. Highway 99 and Highway 58 provide regional access.
Key Highlights
- Duplex plus detached single‑family residence on one parcel
- Approximately 2,268 square feet of combined living space
- Duplex: approximately 1,526 sq ft; two 2‑bedroom, 1‑bath units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,391
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,820
$587.8K
Cap Rate 7%
$419,871
$419.9K
Cap Rate 9%
$326,567
$326.6K
Market Conditions
NOI Build-Up for 2,268 SF
Gross rent
$44.9K $19.80/SF
− Vacancy
−$2.9K −$1.29/SF
EGI
$42.0K $18.51/SF
− OpEx
−$12.6K −$5.55/SF
NOI
$29.4K $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%
$587,820
Cap Rate 7%
$419,871
Cap Rate 9%
$326,567
Alternative Uses
Best Use
Multifamily LT 5
$419.9K
$367.4K – $489.9K
NOI $29,391 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$390.0K
$341.2K – $455.0K
NOI $27,297 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$601.9K
$526.6K – $702.2K
NOI $42,130 @ 7.0% cap · market cap 9.36%
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
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,470
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
$228,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Bakersfield, CA
Properties on Market for Triplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - A duplex and a detached two-bedroom home share one parcel.
Where is this triplex located?
The property is located at 3027 California Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Duplex plus detached single‑family residence on one parcel; Approximately 2,268 square feet of combined living space; Duplex: approximately 1,526 sq ft; two 2‑bedroom, 1‑bath units
