Remodeled
New
For Sale
$624,995
712 Knotts Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size4,026 SF
Lot Size0.16 Acres
Price / SF$155.24
Days on Market4
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: Oct 6
Last Checked: Oct 9 at 5:06AM
MLS# 202610714
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 four-unit residential property contains 4,026 square feet on a 0.16-acre parcel and was built in 1971. Its unit mix includes one 3-bedroom, 2-bath residence, one 2-bedroom, 1-bath residence, and two 2-bedroom, 1.5-bath residences. Interior updates include tile flooring, granite countertops, undermount sinks, tiled showers, newer carpet, two-tone paint, and modern finishes. The front residence has a gated yard, and the property is gated overall.
Covered carport parking is located behind the building. The property is in Bakersfield, California, with proximity to schools, shopping, dining, public transportation, downtown, and freeway access.
Covered carport parking is located behind the building. The property is in Bakersfield, California, with proximity to schools, shopping, dining, public transportation, downtown, and freeway access.
Key Highlights
- Four‑unit property with 4,026 square feet on a 0.16‑acre lot
- Unit mix: one 3‑bedroom, 2‑bath unit; one 2‑bedroom, 1‑bath unit; two 2‑bedroom, 1.5‑bath units
- Interior updates include tile floors, granite counters, undermount sinks, tiled showers, carpet, and two‑tone paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,173
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
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
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 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 8.35%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,456 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$1.07M
$934.8K – $1.25M
NOI $74,787 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences combine updated interior finishes with gated access and covered 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 $624,995.
What are key features of this property?
This property features: Four‑unit property with 4,026 square feet on a 0.16‑acre lot; Unit mix: one 3‑bedroom, 2‑bath unit; one 2‑bedroom, 1‑bath unit; two 2‑bedroom, 1.5‑bath units; Interior updates include tile floors, granite counters, undermount sinks, tiled showers, carpet, and two‑tone paint
