Three-Unit Property with Fenced
For Sale
$530,000
3709 Jewett Ave, Bakersfield, CA 93301
Separate entrances and individual utility meters support distinct unit operations with shared outdoor areas.
Property Size1,260 SF
Price / SF$420.63
Days on Market27
Property Features for 3709 Jewett Ave
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
3
Amenities
separate unit entrances
individual utility meters
paved parking
fenced outdoor spaces
shared lawn
patio areas
Listing Agency:
Keller Williams Realty
(661) 617-6500
Listed By:
Miguel Perez Gallardo
(661) 747-9674
Source:
Exprealty
Added: Aug 28
Changed: Sep 8
Last Checked: Sep 22 at 11:23PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This three-unit property at 3709 Jewett Ave includes independent entrances and separate utility meters for each residence. The site also provides extensive paved parking, fenced outdoor areas, a shared lawn, and patio space.
The property is positioned near shopping, dining, schools, and major transportation routes in Bakersfield, California. Its combination of defined unit access, separately metered utilities, parking, and outdoor areas creates a practical multifamily configuration.
The property is positioned near shopping, dining, schools, and major transportation routes in Bakersfield, California. Its combination of defined unit access, separately metered utilities, parking, and outdoor areas creates a practical multifamily configuration.
Key Highlights
- Three‑unit property with separate entrances
- Individual utility meters for each unit
- Extensive paved parking
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
$16,328
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
3.08%
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%
$326,560
$326.6K
Cap Rate 7%
$233,257
$233.3K
Cap Rate 9%
$181,422
$181.4K
Market Conditions
NOI Build-Up for 1,260 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
$24.9K $19.80/SF
− Vacancy
−$1.6K −$1.29/SF
EGI
$23.3K $18.51/SF
− OpEx
−$7.0K −$5.55/SF
NOI
$16.3K $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 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%
$326,560
Cap Rate 7%
$233,257
Cap Rate 9%
$181,422
Alternative Uses
Best Use
Multifamily LT 5
$233.3K
$204.1K – $272.1K
NOI $16,328 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$216.6K
$189.6K – $252.8K
NOI $15,165 @ 7.0% cap · market cap 2.86%
Theoretical Best
Office A
$334.4K
$292.6K – $390.1K
NOI $23,406 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,748
Businesses Nearby
Explore this area
Business Placement
Demographics for 93301, CA
14,518
Population
6,202
Households
2.3
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
4.3 sq mi
ZIP Area
3,376
Density / Sq Mi
$40,725
Median Household Income
$36,623
Median Earnings
$1,129
Median Rent
$264,300
Median Home Value
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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?
Triplex - Separate entrances and individual utility meters support distinct unit operations with shared outdoor areas.
Where is this triplex located?
The property is located at 3709 Jewett Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Three‑unit property with separate entrances; Individual utility meters for each unit; Extensive paved parking
