Duplex With Separate
For Sale
$335,000
3315 Culver St, Bakersfield, CA 93306
Two residential units offer individually fenced yards and independently metered utilities.
Property Size1,126 SF
Price / SF$297.51
Days on Market29
Property Features for 3315 Culver St
General Information
Standard status
Active
Size
1,126 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Ali Daredia
(661) 903-3183
Source:
Exprealty
Added: Aug 28
Changed: Sep 23
Last Checked: Sep 24 at 11:17AM
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 Watson Realty
Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,126-square-foot property. Each unit has its own fenced yard, providing separate outdoor areas for the occupants. Independent power and gas meters serve the units separately. One rear home also includes a shop that can support storage or an on-site business use. The property is located at 3315 Culver St in Bakersfield, California.
Key Highlights
- Duplex with two residential units
- 1,126‑square‑foot property
- Separate fenced yards for each unit
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
$14,748
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
4.40%
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%
$294,960
$295.0K
Cap Rate 7%
$210,686
$210.7K
Cap Rate 9%
$163,867
$163.9K
Market Conditions
NOI Build-Up for 1,126 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
$22.3K $19.80/SF
− Vacancy
−$1.2K −$1.09/SF
EGI
$21.1K $18.71/SF
− OpEx
−$6.3K −$5.61/SF
NOI
$14.7K $13.10/SF
Area
ZIP 93306
Vacancy
5.50%
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%
$294,960
Cap Rate 7%
$210,686
Cap Rate 9%
$163,867
Alternative Uses
Best Use
Multifamily LT 5
$210.7K
$184.4K – $245.8K
NOI $14,748 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$189.2K
$165.6K – $220.8K
NOI $13,245 @ 7.0% cap · market cap 3.95%
Theoretical Best
Specialty Retail
$301.0K
$263.4K – $351.2K
NOI $21,069 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 93306, CA
74,623
Population
23,789
Households
3.1
Avg Household Size
32
Median Age
18%
College-Educated
77%
High-School Grad
97.3 sq mi
ZIP Area
767
Density / Sq Mi
$66,988
Median Household Income
$35,696
Median Earnings
$1,219
Median Rent
$290,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer individually fenced yards and independently metered utilities.
Where is this duplex located?
The property is located at 3315 Culver St Bakersfield, CA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Duplex with two residential units; 1,126‑square‑foot property; Separate fenced yards for each unit
