Remodeled Quadplex with Covered
For Sale
$635,995
712 Knotts St, Bakersfield, CA 93305
Four residential units offer varied layouts, updated finishes, gated access, and covered parking.
Property Size4,026 SF
Price / SF$157.97
Days on Market140
Property Features for 712 Knotts St
General Information
Standard status
Active
Size
4,026 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA, 2 x 2BR/1.5BA
Multifamily Units
4
Amenities
gated
covered parking
Building Details
Buildings
1
Listing Agency:
eHomes of Bakersfield
(661) 412-4959
Listed By:
Alfred M. Coronado
(661) 345-9969
Source:
Exprealty
Added: Apr 21
Changed: Sep 6
Last Checked: Sep 6 at 2:37PM
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 eHomes of Bakersfield
Investment Insights
Based on property information with market context.
This 4,026-square-foot quadplex contains four residential units with a varied configuration: one front unit with 3 bedrooms and 2 baths, one 2-bedroom, 1-bath unit, and two 2-bedroom, 1.5-bath units. Interior improvements include tile flooring, granite countertops, undermount sinks, tiled showers, newer carpet, two-tone paint, and updated finishes. The property also includes gated access, a gated front yard for the front residence, and covered parking behind the building.
Located on Knotts St in Bakersfield’s East Bakersfield area, the property is near schools, shopping, dining, and public transportation. Downtown Bakersfield is nearby, with freeway access available from the surrounding area.
Located on Knotts St in Bakersfield’s East Bakersfield area, the property is near schools, shopping, dining, and public transportation. Downtown Bakersfield is nearby, with freeway access available from the surrounding area.
Key Highlights
- 4,026‑square‑foot quadplex with four residential units
- Unit mix includes one 3‑bedroom, 2‑bath unit, one 2‑bedroom, 1‑bath unit, and two 2‑bedroom, 1.5‑bath units
- Updated interiors with tile flooring, granite countertops, tiled showers, newer carpet, and two‑tone paint
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
$52,173
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
8.20%
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%
$1,043,460
$1.0M
Cap Rate 7%
$745,329
$745.3K
Cap Rate 9%
$579,700
$579.7K
Market Conditions
NOI Build-Up for 4,026 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
$79.7K $19.80/SF
− Vacancy
−$5.2K −$1.29/SF
EGI
$74.5K $18.51/SF
− OpEx
−$22.4K −$5.55/SF
NOI
$52.2K $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%
$1,043,460
Cap Rate 7%
$745,329
Cap Rate 9%
$579,700
Alternative Uses
Best Use
Multifamily LT 5
$745.3K
$652.2K – $869.6K
NOI $52,173 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,456 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.07M
$934.8K – $1.25M
NOI $74,787 @ 7.0% cap · market cap 11.76%
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
630
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
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?
Quadplex - Four residential units offer varied layouts, updated finishes, gated access, and covered parking.
Where is this quadplex located?
The property is located at 712 Knotts St Bakersfield, CA.
What is the asking price?
The asking price for this property is $635,995.
What are key features of this property?
This property features: 4,026‑square‑foot quadplex with four residential units; Unit mix includes one 3‑bedroom, 2‑bath unit, one 2‑bedroom, 1‑bath unit, and two 2‑bedroom, 1.5‑bath units; Updated interiors with tile flooring, granite countertops, tiled showers, newer carpet, and two‑tone paint
