Three-Bedroom
For Sale
$520,000
318 S Owens, Bakersfield, CA 93307
Two residential units feature the same practical bedroom-and-bathroom layout.
Property Size1,933 SF
Days on Market69
Property Features for 318 S Owens
General Information
Standard status
Active
Size
1,933 SF
Property subtype
Residential Income
Net Operating Income
$51,850
Additional Details
Gross Income
$36,000
Amenities
Sidewalks
Building Details
Building Size
1,933 SF
Year Built
2015
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
first family homes
Listed By:
Richard Diaz · License #01322459
(562) 754-2959
Source:
Evrealestate
Added: Jul 30
Changed: Oct 1
Last Checked: Oct 5 at 6:25PM
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 first family homes
Investment Insights
Based on property information with market context.
This duplex contains two residential units, with each unit arranged with three bedrooms and two bathrooms. The property is identified under Assessor zoning and is located at 318 S Owens in Bakersfield, California 93307.
Key Highlights
- Two‑unit duplex
- Each unit includes 3 bedrooms and 2 bathrooms
- Assessor zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,594
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,880
$491.9K
Cap Rate 7%
$351,343
$351.3K
Cap Rate 9%
$273,267
$273.3K
Market Conditions
NOI Build-Up for 1,933 SF
Gross rent
$37.6K $19.44/SF
− Vacancy
−$2.4K −$1.26/SF
EGI
$35.1K $18.18/SF
− OpEx
−$10.5K −$5.45/SF
NOI
$24.6K $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%
$491,880
Cap Rate 7%
$351,343
Cap Rate 9%
$273,267
Alternative Uses
Best Use
Multifamily LT 5
$351.3K
$307.4K – $409.9K
NOI $24,594 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$477.6K
$417.9K – $557.2K
NOI $33,434 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
Explore this area
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature the same practical bedroom-and-bathroom layout.
Where is this duplex located?
The property is located at 318 S Owens Bakersfield, CA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Two‑unit duplex; Each unit includes 3 bedrooms and 2 bathrooms; Assessor zoning
