Updated
New
For Sale
$394,500
714 Washington Ave, Bakersfield, CA 93308
The property offers a two-bedroom, one-bathroom layout with refreshed interiors.
Property Size1,802 SF
Price / SF$218.92
Days on Market2
Property Features for 714 Washington Ave
General Information
Standard status
Active
Size
1,802 SF
Property subtype
Multifamily
Building Details
Year Built
1978
Stories
1
Listing Agency:
Miramar Realty
Listed By:
Mirna T Acevedo · License #01990201
(661) 330-7797
Source:
Besthomesbakersfield
Added: Oct 29
Last Checked: Oct 29 at 2:47PM
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 Miramar Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains 1,802 square feet and was built in 1978. Its layout includes two bedrooms and one bathroom, with updated interiors and comfortable living areas.
Located at 714 Washington Ave in Bakersfield, the property is offered for sale.
Located at 714 Washington Ave in Bakersfield, the property is offered for sale.
Key Highlights
- Two‑bedroom, one‑bathroom layout
- 1,802 square feet
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,352
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,040
$467.0K
Cap Rate 7%
$333,600
$333.6K
Cap Rate 9%
$259,467
$259.5K
Market Conditions
NOI Build-Up for 1,802 SF
Gross rent
$35.7K $19.80/SF
− Vacancy
−$2.3K −$1.29/SF
EGI
$33.4K $18.51/SF
− OpEx
−$10.0K −$5.55/SF
NOI
$23.4K $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%
$467,040
Cap Rate 7%
$333,600
Cap Rate 9%
$259,467
Alternative Uses
Best Use
Multifamily LT 5
$333.6K
$291.9K – $389.2K
NOI $23,352 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$309.8K
$271.1K – $361.5K
NOI $21,688 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$478.2K
$418.4K – $557.9K
NOI $33,474 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The property offers a two-bedroom, one-bathroom layout with refreshed interiors.
Where is this duplex located?
The property is located at 714 Washington Ave Bakersfield, CA.
What is the asking price?
The asking price for this property is $394,500.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom layout; 1,802 square feet; Built in 1978
