509 King Street Bakersfield, CA 93305
509 King Street, Bakersfield, CA, 93305
$440,000
For Sale
$440,000
Multifamily properties
Property Size1,630 SF
Lot Size0.11 Acres
Price / SF$269.94
Days on Market13
Property Features for 509 King Street
General Information
- Standard status
- Active
- Size
- 1,630 SF
- Lot size
- 0.11 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1912
Listing agency
Pacific Homes & Loans
(408) 238-6634
Listed by
Ignacio Valencia · License #00958746
(408) 238-6634
Source
Exitrealty
Added: Jul 9 Updated: Jul 20 at 5:20PM Checked: Jul 21 at 5:52AM
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 Pacific Homes & Loans
Investment Insights
Based on property information with market context.
Key Highlights
- Remodeled home with 1,630 sq ft of living space, originally built in 1912
- Remodel completed in 2023 (remodeled from top to bottom, inside and out)
- Central AC plus gas heating for year‑round comfort
Local Financial Insights For Apartment 5plus
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 | $37.9k | $23.28 |
| − Vacancy | −$2.3k | −$1.40 |
| EGI | $35.7k | $21.88 |
| − OpEx | −$16.1k | −$9.85 |
| NOI | $19.6k | $12.04 |
1,630 SF · lease $23.28/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$280.3K
$245.2K – $327.0K
NOI $19,618 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$432.6K
$378.5K – $504.7K
NOI $30,279 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
Similar For Sale Nearby
FAQs
Where is this multifamily property located?
The property is located at 509 King Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Remodeled home with 1,630 sq ft of living space, originally built in 1912; Remodel completed in 2023 (remodeled from top to bottom, inside and out); Central AC plus gas heating for year‑round comfort
