Three-Unit Residential
For Sale
$550,000
514 10TH Street, Bakersfield, CA 93304
A separate rear duplex adds two private-entry residences alongside the main home.
Property Size2,367 SF
Days on Market16
Property Features for 514 10TH Street
General Information
Standard status
Active
Size
2,367 SF
Property subtype
Triplex
Building Details
Building Size
2,367 SF
Year Built
1937
Stories
1
Listing Agency:
Broker X
Listed By:
Jose Iniguez
(661) 431-5346
Source:
Brunogroup.kw
Added: Sep 30
Changed: Oct 13
Last Checked: Oct 14 at 7:54PM
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 Broker X
Investment Insights
Based on property information with market context.
Built in 1937, the property combines a two-bedroom, one-bathroom main residence with a separate duplex at the rear. The home has a tile roof and an oversized basement. Both duplex apartments have one bedroom and one bathroom, plus central air conditioning, individual entrances, and side yards. Tile roofing also extends to the duplex. Wrought iron fencing lines the exterior.
Located in Bakersfield, the three-unit property offers two distinct residential buildings on one site.
Located in Bakersfield, the three-unit property offers two distinct residential buildings on one site.
Key Highlights
- Three residential units across a main home and separate rear duplex
- Main residence has 2 bedrooms, 1 bathroom, and an oversized basement
- Each duplex apartment has 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,674
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,480
$613.5K
Cap Rate 7%
$438,200
$438.2K
Cap Rate 9%
$340,822
$340.8K
Market Conditions
NOI Build-Up for 2,367 SF
Gross rent
$46.9K $19.80/SF
− Vacancy
−$3.0K −$1.29/SF
EGI
$43.8K $18.51/SF
− OpEx
−$13.1K −$5.55/SF
NOI
$30.7K $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 Rate 5%
$613,480
Cap Rate 7%
$438,200
Cap Rate 9%
$340,822
Alternative Uses
Best Use
Multifamily LT 5
$438.2K
$383.4K – $511.2K
NOI $30,674 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$407.0K
$356.1K – $474.8K
NOI $28,489 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$628.1K
$549.6K – $732.8K
NOI $43,969 @ 7.0% cap · market cap 7.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,930
Businesses Nearby
Explore this area
Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
Check the figures for this property
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 - A separate rear duplex adds two private-entry residences alongside the main home.
Where is this triplex located?
The property is located at 514 10TH Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Three residential units across a main home and separate rear duplex; Main residence has 2 bedrooms, 1 bathroom, and an oversized basement; Each duplex apartment has 1 bedroom and 1 bathroom
