429 Monterey, Bakersfield, CA 93305
Newly built two-home lot with indoor laundry, ample parking, and a detached ADU featuring paid-off solar.
- Added:
- Jun 15, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 17 at 2:08 am
Property Features for 429 Monterey
General Information
- Standard status
- Active
- Size
- 2,440 SF
- Property subtype
- Investment
Building Details
- Year Built
- 2026
Listing agent Juan Alderete License #01974339
Listing office Management Systems, Corporation (818) 743-3793
Listing date Jun 15, 2026
Source Elliman
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 Management Systems, Corporation
HighLights
- Brand‑new main home with 3 bedrooms and 2.5 bathrooms, approx. 1,400 sq. ft.
- Detached brand‑new ADU with 3 bedrooms and 2 bathrooms, approx. 1,040 sq. ft.
- Both residences include indoor laundry hookups/space, for added daily convenience.
- ADU includes fully paid‑off solar to help reduce energy costs.
- Ample parking available for both the main home and detached ADU.
- Two‑home lot designed for multi‑generational living and/or rental flexibility.
Overview
Both homes are modern in style and finished with quality craftsmanship, and the property includes ample parking for both residences. The detached ADU includes fully paid-off solar, which can help offset energy costs.
For tenants, buyers, or operators looking for a turnkey setup, the configuration provides two separate living spaces with practical indoor laundry in each home. The detached ADU can support privacy and independence while still allowing one-lot convenience, and the two-home arrangement may appeal to owner-occupants who want additional income or room for extended family on-site.
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 | $48.3k | $19.80 |
| − Vacancy | −$3.1k | −$1.29 |
| EGI | $45.2k | $18.51 |
| − OpEx | −$13.6k | −$5.55 |
| NOI | $31.6k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.9950073
- Latitude
- 35.3814473
