Four-Unit Quadplex with
For Sale
$770,000
Pending
6912 N Half Moon, Bakersfield, CA 93309
Multifamily property with private outdoor areas, garage parking, and a mix of two- and three-bedroom residences.
Property Size4,022 SF
Days on Market131
Property Features for 6912 N Half Moon
General Information
Standard status
Pending
Size
4,022 SF
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1.5BA, 3 x 2BR/1BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
private backyard
washer/dryer hookups
Building Details
Building Size
4,022 SF
Year Built
1982
Buildings
1
Stories
1
Units
4
Listing Agency:
(818) 432-3200
Listed By:
Henrik Alaverdyan
Source:
Elliman
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 31 at 2:21AM
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 Henrik Alaverdyan
Investment Insights
Based on property information with market context.
This four-residence property includes one three-bedroom, one-and-a-half-bath unit and three two-bedroom, one-bath units. Every residence has a private backyard and washer and dryer hookups. The three-bedroom unit includes a two-car garage, while each two-bedroom unit has a one-car garage plus assigned parking.
Completed improvements include exterior paint, privacy fencing, garage doors, interior flooring, and interior paint. Built in 1982, the property is located at 6912 N Half Moon in Bakersfield, California, with access to nearby schools, parks, dining, and freeways. The property has a Walk Score of 35, a Bike Score of 45, and a Transit Score of 28.
Completed improvements include exterior paint, privacy fencing, garage doors, interior flooring, and interior paint. Built in 1982, the property is located at 6912 N Half Moon in Bakersfield, California, with access to nearby schools, parks, dining, and freeways. The property has a Walk Score of 35, a Bike Score of 45, and a Transit Score of 28.
Key Highlights
- Four residences with one three‑bedroom and three two‑bedroom units
- One three‑bedroom, one‑and‑a‑half‑bath residence plus three two‑bedroom, one‑bath units
- Private backyard for every residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,122
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,042,440
$1.0M
Cap Rate 7%
$744,600
$744.6K
Cap Rate 9%
$579,133
$579.1K
Market Conditions
NOI Build-Up for 4,022 SF
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.
Gross rent
$79.6K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$74.5K $18.51/SF
− OpEx
−$22.3K −$5.55/SF
NOI
$52.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,042,440
Cap Rate 7%
$744,600
Cap Rate 9%
$579,133
Alternative Uses
Best Use
Multifamily LT 5
$744.6K
$651.5K – $868.7K
NOI $52,122 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$691.5K
$605.1K – $806.8K
NOI $48,408 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$1.07M
$933.9K – $1.25M
NOI $74,713 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with private outdoor areas, garage parking, and a mix of two- and three-bedroom residences.
Where is this quadplex located?
The property is located at 6912 N Half Moon Bakersfield, CA.
What is the asking price?
The asking price for this property is $770,000.
What are key features of this property?
This property features: Four residences with one three‑bedroom and three two‑bedroom units; One three‑bedroom, one‑and‑a‑half‑bath residence plus three two‑bedroom, one‑bath units; Private backyard for every residence
