Building Details

Year built 2008

Floors in Building 2

Number of units 2

Listing Agency: Watson Realty b***@watsonrealty.com Show Phone

Listed By: Royce Jennings · License #01959264 Show Phone

Added: Apr 20 Changed: Aug 26 Last Checked: Oct 13 at 3:06AM

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MLS# 202604272

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.

Built in 2008, this duplex contains 2,570 square feet across two units, with a combined layout of 3 bedrooms and 2.5 bathrooms. Interior features include an updated kitchen with granite countertops, pantry storage, and a breakfast area, along with generous living spaces. Ceramic tile flooring is installed downstairs, and central air conditioning and heating serve the property. The primary bedroom includes a walk-in closet and private bathroom. Two private parking spaces and garage parking are included.

The property may be acquired as part of a portfolio that includes 718 K St., 730 K St., 726 K St., 729 L St., and 725 L St.

Key Highlights

• Duplex with 2,570 square feet of combined space
• Combined layout includes 3 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 (±1% cap)

NOI $33,305 @ 7.0% cap · market cap 6.80%

Second Best

Apartment 5plus

$441.9K

$386.7K – $515.5K (±1% cap)

NOI $30,932 @ 7.0% cap · market cap 6.31%

Theoretical Best

Office A

$682.0K

$596.8K – $795.7K (±1% cap)

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

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Current Use

Duplexes

Suggested Use

Top Pick Storage Facility Locksmith Veterinary Clinic Butcher Electrical Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,219

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with updated interior finishes, central climate control, and private parking.

Where is this duplex located?

The property is located at 722 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; Combined layout includes 3 bedrooms and 2.5 bathrooms; Built in 2008