Three-Unit Townhome Income
3402 Ashe Rd Bakersfield, CA 93309
3402 Ashe Rd, Bakersfield, CA, 93309
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For Sale
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Three 1984-built townhome units each feature two bedrooms, 1.75 baths, and a private 1-car garage.
Property Size3,078 SF
Price / SF$187.62
Days on Market108
Property Features for 3402 Ashe Rd
General Information
- Standard status
- Active
- Size
- 3,078 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1984
Listing agency
ASU Commercial
(661) 889-6597
Listed by
Marc Thurston · License #CA 01099353
Source
Crexi
Added: Apr 6 Updated: Jul 22 at 10:00AM Checked: Jul 22 at 10:00AM
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 ASU Commercial
Investment Insights
Based on property information with market context.
3402 Ashe Road is a three-unit townhome income property built in 1984. The building offers three separate units, and each unit includes two bedrooms, 1.75 bathrooms, and a private 1-car garage.
The property is situated just off the southeast corner of Herb Way and Ashe Road in Southwest Bakersfield, CA 93309.
With approximately 3,078 square feet total, the configuration supports a rental-focused setup with currently described rent ranges from $1,050 to $1,395.
The property is situated just off the southeast corner of Herb Way and Ashe Road in Southwest Bakersfield, CA 93309.
With approximately 3,078 square feet total, the configuration supports a rental-focused setup with currently described rent ranges from $1,050 to $1,395.
Key Highlights
- Three townhome units built in 1984 totaling approx. 3,078 SF
- Each unit offers 2 bedrooms and 1.75 bathrooms
- Private 1‑car garage with each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.9k | $19.80 |
| − Vacancy | −$4.0k | −$1.29 |
| EGI | $57.0k | $18.51 |
| − OpEx | −$17.1k | −$5.55 |
| NOI | $39.9k | $12.96 |
3,078 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$569.8K
$498.6K – $664.8K
NOI $39,888 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$529.2K
$463.1K – $617.4K
NOI $37,046 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$816.8K
$714.7K – $953.0K
NOI $57,177 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three 1984-built townhome units each feature two bedrooms, 1.75 baths, and a private 1-car garage.
Where is this triplex located?
The property is located at 3402 Ashe Rd Bakersfield, CA.
What is the asking price?
The asking price for this property is $577,500.
What are key features of this property?
This property features: Three townhome units built in 1984 totaling approx. 3,078 SF; Each unit offers 2 bedrooms and 1.75 bathrooms; Private 1‑car garage with each unit
