Updated Duplex with Private
For Sale
Under Contract
$489,999
718 K Street, Bakersfield, CA 93304
Residential Income, Bakersfield, CA
Property Size2,570 SF
Lot Size0.09 Acres
Price / SF$190.66
Days on Market194
Property Features for 718 K Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Garage
Subdivision
The Lowell Addition
Elementary school
Roosevelt_Bak
Middle school
Emerson
High school
Bakersfield
Elementary school district
Bakersfield City
Standard status
Active Under Contract
APN
00926222
Size
2,570 SF
Lot size
0.09 Acres
Amenities
walk-in closet
updated kitchen
pantry
granite countertops
breakfast area
large living areas
ceramic tile flooring
central air conditioning and heating
Building Details
Year built
2008
Floors in Building
2
Number of units
2
Listing Agency:
Watson Realty
(661) 327-5161
Listed By:
Royce Jennings · License #01959264
(661) 444-6232
Added: Apr 20
Changed: Oct 24
Last Checked: Oct 30 at 9:06PM
MLS# 202604258
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.
Built in 2008, this duplex contains 2,570 square feet of combined space across two residential units. The property includes three bedrooms and 2.5 bathrooms, along with expansive living areas and a primary bedroom featuring a walk-in closet and private bath. Interior improvements include an updated kitchen with granite countertops, a pantry, and a dedicated breakfast area. Ceramic tile flooring extends through the lower level, while central air conditioning and heating provide year-round climate control.
The property also offers two private parking spaces and garage parking. It may be sold as part of a portfolio that includes 730 K St., 722 K St., 726 K St., 729 L St., and 725 L St.
The property also offers two private parking spaces and garage parking. It may be sold as part of a portfolio that includes 730 K St., 722 K St., 726 K St., 729 L St., and 725 L St.
Key Highlights
- Duplex with 2,570 square feet of combined space
- Three bedrooms and 2.5 bathrooms
- Built in 2008
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
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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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-unit property with renovated kitchen finishes, generous living areas, and central heating and air conditioning.
Where is this duplex located?
The property is located at 718 K Street 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: Duplex with 2,570 square feet of combined space; Three bedrooms and 2.5 bathrooms; Built in 2008
