Two-Home Duplex with
For Sale
$285,900
740 Real Road, Bakersfield, CA 93309
Residential Income, Bakersfield, CA
Property Size1,662 SF
Lot Size0.13 Acres
Price / SF$172.02
Days on Market52
Property Features for 740 Real Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Carport
Elementary school
Harris, C.
Middle school
Curran
High school
Bakersfield
Subdivision
52
Standard status
Active
APN
02014018
Size
1,662 SF
Lot size
0.13 Acres
Building Details
Year built
1956
Floors in Building
1
Number of units
2
Listing Agency:
Avalar Real Estate Alliance
(805) 815-9600
Listed By:
Hilda Gonzalez
(661) 619-5651
Added: Jul 18
Changed: Sep 3
Last Checked: Sep 7 at 1:06AM
MLS# 202607784
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.
This duplex includes two residences on a 0.13-acre parcel with 1,662 square feet of combined property size. The front home provides three bedrooms and one bathroom across 1,104 square feet, while a permitted 504-square-foot studio offers a separate living configuration. Both homes are currently rented. A carport serves the property, which was built in 1956 and is offered in as-is condition.
The property is located at 740 Real Road in Bakersfield, near stores and restaurants around California and Real Road. Freeway 99 is readily accessible, adding a direct regional connection for residents. The combination of two dwellings, an existing rental arrangement, and a permitted studio creates a clearly defined duplex configuration.
The property is located at 740 Real Road in Bakersfield, near stores and restaurants around California and Real Road. Freeway 99 is readily accessible, adding a direct regional connection for residents. The combination of two dwellings, an existing rental arrangement, and a permitted studio creates a clearly defined duplex configuration.
Key Highlights
- Two residences on a 0.13‑acre lot with 1,662 square feet
- Front house includes 3 bedrooms, 1 bath, and 1104 sq ft
- Permitted 504 sq ft studio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,760
$430.8K
Cap Rate 7%
$307,686
$307.7K
Cap Rate 9%
$239,311
$239.3K
Market Conditions
NOI Build-Up for 1,662 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$32.9K $19.80/SF
− Vacancy
−$2.1K −$1.29/SF
EGI
$30.8K $18.51/SF
− OpEx
−$9.2K −$5.55/SF
NOI
$21.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$430,760
Cap Rate 7%
$307,686
Cap Rate 9%
$239,311
Alternative Uses
Best Use
Multifamily LT 5
$307.7K
$269.2K – $359.0K
NOI $21,538 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$285.8K
$250.0K – $333.4K
NOI $20,003 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$441.0K
$385.9K – $514.6K
NOI $30,873 @ 7.0% cap · market cap 10.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two rented residences share one parcel, offering distinct living arrangements and convenient access to nearby shopping and dining.
Where is this duplex located?
The property is located at 740 Real Road Bakersfield, CA.
What is the asking price?
The asking price for this property is $285,900.
What are key features of this property?
This property features: Two residences on a 0.13‑acre lot with 1,662 square feet; Front house includes 3 bedrooms, 1 bath, and 1104 sq ft; Permitted 504 sq ft studio
