Duplex Investment Property With Two
709 L Street, Bakersfield, CA 93304
For Sale
$435,000
Duplex with two spacious units, each with three bedrooms, 2.5 baths, and a two-car garage.
Property Size2,570 SF
Price / SF$169.26
Days on Market103
Property Features for 709 L Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Building Details
Year Built
Tenancy
Listing Agency:
Bonadelle Realty, Inc.
(559) 435-9700
Listed By:
Alejandro Trevino · License CA #02069603
(559) 304-8345
Source:
Exitrealty
Added: Jul 30
Changed: Nov 4
Last Checked: Nov 6 at 6:56AM
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 Bonadelle Realty, Inc.
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Investment Insights
Based on property information with market context.
This duplex is set up as a two-unit investment property with fully rented occupancy. The property features two spacious units, and each unit offers three bedrooms, 2.5 baths, and a two-car garage—providing practical space for everyday living and vehicle storage.
The duplex is described as conveniently located for renters, and it’s positioned for buyers interested in owner-occupancy alongside rental income. With two separate units, the layout supports flexible use—live in one unit while the other helps offset expenses.
Overall, this is a straightforward two-unit residential income property with a consistent unit configuration and dedicated garage parking for each unit.
The duplex is described as conveniently located for renters, and it’s positioned for buyers interested in owner-occupancy alongside rental income. With two separate units, the layout supports flexible use—live in one unit while the other helps offset expenses.
Overall, this is a straightforward two-unit residential income property with a consistent unit configuration and dedicated garage parking for each unit.
Key Highlights
- Two‑unit duplex with fully rented occupancy
- Each unit has three bedrooms and 2.5 baths
- Each unit includes a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,305
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,100
$666.1K
Cap Rate 7%
$475,786
$475.8K
Cap Rate 9%
$370,056
$370.1K
Market Conditions
NOI Build-Up for 2,570 SF
Gross rent
$50.9K $19.80/SF
− Vacancy
−$3.3K −$1.29/SF
EGI
$47.6K $18.51/SF
− OpEx
−$14.3K −$5.55/SF
NOI
$33.3K $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%
$666,100
Cap Rate 7%
$475,786
Cap Rate 9%
$370,056
Alternative Uses
Best Use
Multifamily LT 5
$475.8K
$416.3K – $555.1K
NOI $33,305 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$441.9K
$386.7K – $515.5K
NOI $30,932 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$682.0K
$596.8K – $795.7K
NOI $47,740 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
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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
$228,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Bakersfield, CA
Properties on Market for Duplexes in Bakersfield
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two spacious units, each with three bedrooms, 2.5 baths, and a two-car garage.
Where is this duplex located?
The property is located at 709 L Street Bakersfield, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Two‑unit duplex with fully rented occupancy; Each unit has three bedrooms and 2.5 baths; Each unit includes a two‑car garage
