429 Monterey, Bakersfield, CA 93305
Single Family Residence - Bakersfield, CA
- Added:
- Jun 9, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 21 at 10:06 am
Property Features for 429 Monterey
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Property condition
- New Construction
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
- Parking
- 1
- Interior features
- Granite Counters
- Exterior features
- Fence, Community Features Included: Street Lights, Storm Drains, Sidewalks, 0-1 Unit/Acre
- Fencing
- Fenced
- Basement Y/N
- 1
- Appliances
- Oven - Gas, Range, Range - Gas
- Standard status
- Active
- APN
- 01416006006
- Size
- 2,562 SF
- Lot size
- 7,509.00 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Carpet, Vinyl
- Building materials
- Stucco
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent Juan Alderete License #01974339 (818) 743-3793
Listing office Park Regency Realty 9275 Corbin Ave., Granada Hills, CA (818) 363-6116
Listing date Jun 9, 2026
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two brand‑new homes on one lot: main residence plus detached ADU for multi‑generational living or rental options
- Main home features 3 bedrooms, 2.5 bathrooms, and approx. 1,400 sq. ft., with central heat and central air
- Detached ADU offers 3 bedrooms, 2 bathrooms, and approx. 1,040 sq. ft., with indoor laundry and paid‑off solar
- Indoor laundry included in both the main home and the ADU, with granite counters in the interior finishes
- New construction with stucco exterior, asphalt/shingle roof, vinyl and carpet flooring, and fenced property with storm drains and sidewalks
- Basement is included, and the property provides ample parking for both residences
Overview
Located at 429 Monterey in Bakersfield, CA 93305, the homes are part of a compact lot configuration with ample parking available for both residences. Both units are constructed with contemporary finishes and functional floor plans.
The detached ADU provides practical flexibility for buyers seeking multi-generational living, or for those looking to generate rental income alongside an owner-occupied home. With indoor laundry in both residences and fully paid-off solar included with the ADU, the property is designed to support comfort, day-to-day convenience, and energy-cost awareness within a turnkey, newly built package.
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 | $50.7k | $19.80 |
| − Vacancy | −$3.3k | −$1.29 |
| EGI | $47.4k | $18.51 |
| − OpEx | −$14.2k | −$5.55 |
| NOI | $33.2k | $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
