Remodeled Fourplex with Covered
For Sale
$635,995
712 Knotts Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size4,026 SF
Lot Size0.16 Acres
Price / SF$157.97
Days on Market133
Property Features for 712 Knotts Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Elementary school
Noble, Myra A.
Middle school
Washington
High school
East
Subdivision
31
Standard status
Active
APN
12530114
Size
4,026 SF
Lot size
0.16 Acres
Amenities
gated
covered parking
Building Details
Year built
1971
Floors in Building
2
Number of units
4
Listing Agency:
eHomes of Bakersfield
(661) 412-4959
Listed By:
Mike Coronado
(661) 330-6646
Added: Apr 21
Changed: Aug 28
Last Checked: Aug 31 at 9:06AM
MLS# 202604308
Copyright © 2026 Golden Empire MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,026-square-foot quadplex, built in 1971 on 0.16 acres, contains four residential units with a varied configuration. The unit mix includes one 3-bedroom, 2-bath residence, one 2-bedroom, 1-bath residence, and two 2-bedroom, 1.5-bath residences. Interior improvements include tile flooring, granite countertops, undermount sinks, tiled showers, newer carpet, two-tone paint, and updated finishes. The property is gated, with a separate gated front yard serving the front unit and covered parking behind the building.
Located at 712 Knotts Street in Bakersfield, the property is near schools, shopping, dining, and public transportation. Downtown Bakersfield and freeway access are also within a short drive.
Located at 712 Knotts Street in Bakersfield, the property is near schools, shopping, dining, and public transportation. Downtown Bakersfield and freeway access are also within a short drive.
Key Highlights
- Four‑unit configuration with one 3‑bedroom unit and three 2‑bedroom units
- 4,026 square feet on a 0.16‑acre lot
- Renovated interiors with granite countertops, tiled showers, and updated flooring
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 - Gated property offers four varied units with updated interiors and rear carport parking.
Where is this quadplex located?
The property is located at 712 Knotts Street 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: Four‑unit configuration with one 3‑bedroom unit and three 2‑bedroom units; 4,026 square feet on a 0.16‑acre lot; Renovated interiors with granite countertops, tiled showers, and updated flooring
