Two-Home Residential Income
740 Real Road Bakersfield, CA 93309
New
740 Real Road, Bakersfield, CA, 93309
$309,900
For Sale
$309,900
MULTI_FAMILY - Bakersfield, CA
Property Size1,302 SF
Lot Size0.13 Acres
Price / SF$238.02
Days on Market4
Property Features for 740 Real Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport
- Standard status
- Active
- APN
- 02014018
- Size
- 1,302 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 Updated: Jul 20 at 2:39AM Checked: Jul 21 at 12:06PM
MLS# 202607784
Copyright © 2026 Bakersfield Association of Realtors. 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 residential income property consists of two homes on a single lot, with both units currently rented. The front house is a 3-bedroom, 1-bath home with 1,104 square feet, and it also includes a permitted studio of 504 square feet. The property is being sold in as-is condition.
The site is located with walking distance to stores and restaurants on California and Real Rd, with easy access to Freeway 99.
With multiple dwellings on one lot, the configuration may be well suited to an owner seeking existing rental income in a compact property footprint.
The site is located with walking distance to stores and restaurants on California and Real Rd, with easy access to Freeway 99.
With multiple dwellings on one lot, the configuration may be well suited to an owner seeking existing rental income in a compact property footprint.
Key Highlights
- Two homes on 1 lot—both currently rented (sold as‑is).
- Front house: 3 bed, 1 bath, 1,104 sq ft.
- Permitted studio on the same lot: 504 sq ft.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $19.80 |
| − Vacancy | −$1.7k | −$1.29 |
| EGI | $24.1k | $18.51 |
| − OpEx | −$7.2k | −$5.55 |
| NOI | $16.9k | $12.96 |
1,302 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$241.0K
$210.9K – $281.2K
NOI $16,873 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$223.9K
$195.9K – $261.2K
NOI $15,671 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$345.5K
$302.3K – $403.1K
NOI $24,186 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two rented homes on one lot, including a permitted studio associated with the 3-bedroom, 1-bath front unit.
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 $309,900.
What are key features of this property?
This property features: Two homes on 1 lot—both currently rented (sold as‑is).; Front house: 3 bed, 1 bath, 1,104 sq ft.; Permitted studio on the same lot: 504 sq ft.
