Updated
New
For Sale
$394,500
714 Washington Avenue, Bakersfield, CA 93308
Residential Income, Bakersfield, CA
Property Size1,802 SF
Lot Size0.15 Acres
Price / SF$218.92
Days on Market3
Property Features for 714 Washington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage, Covered
Elementary school
Beardsley
Middle school
Beardsley
High school
North
Elementary school district
Beardsley
Subdivision
22
Standard status
Active
APN
11304220
Size
1,802 SF
Lot size
0.15 Acres
Building Details
Year built
1978
Floors in Building
1
Number of units
2
Listing Agency:
Miramar Realty
(661) 381-6500
Listed By:
Mirna T Acevedo
(661) 330-7797
Added: Oct 26
Last Checked: Oct 28 at 10:06AM
MLS# 202611341
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.
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Investment Insights
Based on property information with market context.
This duplex contains 1,802 square feet and was built in 1978. Its residential layout includes two bedrooms and one bathroom, with garage and covered parking. The property occupies a 0.1474-acre lot in Bakersfield, California.
Key Highlights
- 1,802‑square‑foot duplex
- Two bedrooms and one bathroom
- Garage and covered parking
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
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two bedrooms and one bathroom provide a straightforward residential layout.
Where is this duplex located?
The property is located at 714 Washington Avenue 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: 1,802‑square‑foot duplex; Two bedrooms and one bathroom; Garage and covered parking
