514 Bates Avenue, Bakersfield, CA 93307
MULTI_FAMILY - Bakersfield, CA
- Added:
- May 3, 2026
- Days on Market:
- 40
- Last Refresh:
- Jun 11 at 6:06 am
Property Features for 514 Bates Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Covered
- Standard status
- Active Under Contract
- APN
- 14010105
- Size
- 1,566 SF
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1981
- Floors in Building
- 1
- Number of units
- 2
Listing agent Valerie M Moses License #1201362 (661) 619-0239
Listing office RE/MAX Golden Empire 3977 Coffee Road Suite C, Bakersfield, CA (661) 615-7506
Listing date May 3, 2026
Copyright © 2026 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent investment opportunity with two separate, identical units, each featuring 2 bedrooms and 1 bathroom.
- Solid rental history with both units currently tenant‑occupied.
- Recent updates to both units, including updated Unit B (8/2023), fresh paint, new water heater, and toilet in Unit A.
- Each unit includes a mini split system for heating and cooling, and indoor laundry hookups.
- Ample parking and potential for future expansion on a spacious lot.
- Convenient location near schools and shopping.
Overview
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 | $30.4k | $19.44 |
| − Vacancy | −$2.0k | −$1.26 |
| EGI | $28.5k | $18.18 |
| − OpEx | −$8.5k | −$5.45 |
| NOI | $19.9k | $12.72 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bakersfield
- County
- Kern
- State
- California
- Longitude
- -118.973941
- Latitude
- 35.36241