Duplex with Updated
New
For Sale
$489,999
Pending
718 K St, Bakersfield, CA 93304
The residence combines generous living areas with private parking and a primary bedroom suite.
Property Size2,570 SF
Days on Market2
Property Features for 718 K St
General Information
Standard status
Pending
Size
2,570 SF
Total Parking Spaces
2
Property subtype
Multifamily
Additional Details
Multifamily Units
2
Building Details
Year Built
2008
Buildings
1
Stories
2
Listing Agency:
Watson Realty
Listed By:
Royce Jennings · License #01959264
(661) 444-6232
Source:
Besthomesbakersfield
Added: Oct 29
Last Checked: Oct 29 at 2:43PM
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 Watson Realty
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Investment Insights
Based on property information with market context.
This 2008 duplex contains a combined 2,570 square feet, with three bedrooms and 2.5 bathrooms. Its updated kitchen includes granite countertops, a pantry, and a breakfast area, while the home also offers expansive living areas. The primary bedroom has a walk-in closet and a private bathroom. Ceramic tile flooring is installed downstairs, and central air conditioning and heating serve the property.
Two private parking spaces are included. The duplex may be sold as part of a portfolio that also includes 730 K St., 722 K St., 726 K St., 729 L St., and 725 L St.
Two private parking spaces are included. The duplex may be sold as part of a portfolio that also includes 730 K St., 722 K St., 726 K St., 729 L St., and 725 L St.
Key Highlights
- 2,570 square feet combined; three bedrooms and 2.5 bathrooms
- Updated kitchen with granite countertops, pantry, and breakfast area
- Primary bedroom includes a walk‑in closet and private bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,305
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,100
$666.1K
Cap Rate 7%
$475,786
$475.8K
Cap Rate 9%
$370,056
$370.1K
Market Conditions
NOI Build-Up for 2,570 SF
Gross rent
$50.9K $19.80/SF
− Vacancy
−$3.3K −$1.29/SF
EGI
$47.6K $18.51/SF
− OpEx
−$14.3K −$5.55/SF
NOI
$33.3K $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%
$666,100
Cap Rate 7%
$475,786
Cap Rate 9%
$370,056
Alternative Uses
Best Use
Multifamily LT 5
$475.8K
$416.3K – $555.1K
NOI $33,305 @ 7.0% cap · market cap 6.80%
Second Best
Apartment 5plus
$441.9K
$386.7K – $515.5K
NOI $30,932 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$682.0K
$596.8K – $795.7K
NOI $47,740 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
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Business Placement
Demographics for 93304, CA
50,837
Population
16,380
Households
3.1
Avg Household Size
31
Median Age
11%
College-Educated
71%
High-School Grad
7.5 sq mi
ZIP Area
6,778
Density / Sq Mi
$51,627
Median Household Income
$31,562
Median Earnings
$1,141
Median Rent
$228,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - The residence combines generous living areas with private parking and a primary bedroom suite.
Where is this duplex located?
The property is located at 718 K St Bakersfield, CA.
What is the asking price?
The asking price for this property is $489,999.
What are key features of this property?
This property features: 2,570 square feet combined; three bedrooms and 2.5 bathrooms; Updated kitchen with granite countertops, pantry, and breakfast area; Primary bedroom includes a walk‑in closet and private bathroom
