Updated Duplex With Studio
For Sale
$242,000
707 Fillmore St, Taft, CA 93268
Two-unit property with a front two-bedroom home and rear studio accessed from the alley.
Property Size1,112 SF
Price / SF$217.63
Days on Market101
Property Features for 707 Fillmore St
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Residential Income
Listing Agency:
Americana Real Estate & Investments
(661) 325-2215
Listed By:
Joseph A Leon
(661) 325-2215
Source:
Exprealty
Added: May 8
Changed: Aug 13
Last Checked: Aug 16 at 9:41AM
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 Americana Real Estate & Investments
Investment Insights
Based on property information with market context.
This duplex includes a front residence with two bedrooms and one bathroom, along with a studio positioned at the rear of the lot. The rear unit has alley access, providing a separate approach to that portion of the property.
Both residences have received fresh paint and updated flooring. The two-unit configuration combines a conventional home with a smaller studio, offering distinct residential spaces within one property. Located in Taft, California, the asset is identified as a duplex and presents a straightforward layout for residential ownership.
Both residences have received fresh paint and updated flooring. The two-unit configuration combines a conventional home with a smaller studio, offering distinct residential spaces within one property. Located in Taft, California, the asset is identified as a duplex and presents a straightforward layout for residential ownership.
Key Highlights
- Front residence with 2 bedrooms and 1 bathroom
- Rear studio unit included
- Alley access to the rear of the lot
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
$13,880
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
5.74%
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%
$277,600
$277.6K
Cap Rate 7%
$198,286
$198.3K
Cap Rate 9%
$154,222
$154.2K
Market Conditions
NOI Build-Up for 1,112 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
$20.4K $18.36/SF
− Vacancy
−$588 −$0.53/SF
EGI
$19.8K $17.83/SF
− OpEx
−$5.9K −$5.35/SF
NOI
$13.9K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /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%
$277,600
Cap Rate 7%
$198,286
Cap Rate 9%
$154,222
Alternative Uses
Best Use
Multifamily LT 5
$198.3K
$173.5K – $231.3K
NOI $13,880 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$183.0K
$160.1K – $213.5K
NOI $12,810 @ 7.0% cap · market cap 5.29%
Theoretical Best
Warehouse
$237.6K
$207.9K – $277.2K
NOI $16,629 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 93268, CA
18,502
Population
6,289
Households
2.9
Avg Household Size
32
Median Age
9%
College-Educated
74%
High-School Grad
68.1 sq mi
ZIP Area
272
Density / Sq Mi
$55,473
Median Household Income
$28,563
Median Earnings
$998
Median Rent
$225,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with a front two-bedroom home and rear studio accessed from the alley.
Where is this duplex located?
The property is located at 707 Fillmore St Taft, CA.
What is the asking price?
The asking price for this property is $242,000.
What are key features of this property?
This property features: Front residence with 2 bedrooms and 1 bathroom; Rear studio unit included; Alley access to the rear of the lot
