Duplex with Separate
For Sale
$349,900
3315 Culver Street, Bakersfield, CA 93306
Residential Income, Bakersfield, CA
Property Size1,126 SF
Lot Size0.19 Acres
Price / SF$310.75
Days on Market24
Property Features for 3315 Culver Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Covered
Elementary school
Pioneer Drive
Middle school
Stiern, Walter
High school
Foothill
Subdivision
42
Standard status
Active
APN
13514118
Size
1,126 SF
Lot size
0.19 Acres
Building Details
Year built
1947
Floors in Building
1
Number of units
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Alex Daredia · License #02035436
(661) 903-3183
Added: Aug 28
Changed: Sep 7
Last Checked: Sep 20 at 9:06PM
MLS# 202609279
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.
Investment Insights
Based on property information with market context.
This Bakersfield duplex contains two residences on a 0.19-acre parcel. The property totals 1,126 square feet and was built in 1947. Each home has its own yard and fencing, while separate power and gas meters support independent utility service. The rear residence includes a shop that can provide additional storage or workspace. Covered parking is also included. Located at 3315 Culver Street in Bakersfield, the property offers a two-residence configuration with distinct outdoor areas and functional improvements for residential income use.
Key Highlights
- Two residences on a 0.19‑acre parcel
- 1,126 square feet across the duplex
- Separate power and gas meters for each home
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
4.21%
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 4.21%
Second Best
Apartment 5plus
$189.2K
$165.6K – $220.8K
NOI $13,245 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$301.0K
$263.4K – $351.2K
NOI $21,069 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
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 residences share one parcel, with private outdoor areas, independent utility meters, and a shop serving the rear home.
Where is this duplex located?
The property is located at 3315 Culver Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two residences on a 0.19‑acre parcel; 1,126 square feet across the duplex; Separate power and gas meters for each home
