Duplex with Updated
New
For Sale
$499,999
725 L St, Bakersfield, CA 93304
Two private parking spaces accompany a residence with a pantry, granite counters, and central heating and air conditioning.
Property Size2,570 SF
Price / SF$194.55
Days on Market2
Property Features for 725 L St
General Information
Standard status
Active
Size
2,570 SF
Total Parking Spaces
2
Property subtype
Multifamily
Building Details
Year Built
2008
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 2:32PM
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
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 2008 duplex provides 2,570 square feet of combined space, with three bedrooms and 2.5 bathrooms. Interior features include an updated kitchen with a pantry, granite countertops, and a breakfast area, along with large living areas. Ceramic tile flooring is installed downstairs, and the primary bedroom has a walk-in closet and private bathroom. Central air conditioning and heating serve the property, which includes two private parking spaces.
The duplex may be sold as part of a portfolio that includes properties at 718 K St., 722 K St., 726 K St., 729 L St., and 730 K St.
The duplex may be sold as part of a portfolio that includes properties at 718 K St., 722 K St., 726 K St., 729 L St., and 730 K St.
Key Highlights
- 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
6.66%
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 6.66%
Second Best
Apartment 5plus
$441.9K
$386.7K – $515.5K
NOI $30,932 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$682.0K
$596.8K – $795.7K
NOI $47,740 @ 7.0% cap · market cap 9.55%
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
1,199
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
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 - Two private parking spaces accompany a residence with a pantry, granite counters, and central heating and air conditioning.
Where is this duplex located?
The property is located at 725 L St Bakersfield, CA.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2,570 square feet of combined space; Three bedrooms and 2.5 bathrooms; Built in 2008
