Two-Unit Duplex with Rear
New
For Sale
$299,900
7742 Walpole Avenue, California City, CA 93505
MULTI_FAMILY - California City, CA
Property Size1,520 SF
Lot Size0.17 Acres
Price / SF$197.30
Days on Market3
Property Features for 7742 Walpole Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2
Directions
Take exit 73 California City Keep right and merge into California City Blvd Turn left onto Kenniston St Kenniston St turns left and becomes Walpole ave.
Subdivision
17 - Kern Co/Mojave/Cal C
Special listing conditions
Short Sale
Standard status
Active
APN
299-075-06
Size
1,520 SF
Lot size
0.17 Acres
Building Details
Year built
1969
Number of units
2
Building materials
Stucco, Wood Siding, Shingle Siding
Listing Agency:
Realty Masters & Associates
(714) 478-5600
Listed By:
Lorena Chiquillo-Rubio · License #01944867
(661) 200-8089
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 6 at 2:06PM
MLS# 26006077
Copyright © 2026 Greater Antelope Valley 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 duplex provides two residential units totaling 1,520 square feet on a 0.17-acre parcel. Each unit includes two bedrooms, one bathroom, a living room, dining area, and kitchen. Rear parking serves the property, and the building dates to 1969.
Located at 7742 Walpole Avenue in California City, the property carries R1 zoning. Exterior construction materials include stucco, wood siding, and shingle siding. The two-unit configuration and repeated floor plan provide a straightforward residential income property format.
Located at 7742 Walpole Avenue in California City, the property carries R1 zoning. Exterior construction materials include stucco, wood siding, and shingle siding. The two-unit configuration and repeated floor plan provide a straightforward residential income property format.
Key Highlights
- Two residential units totaling 1,520 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Living room, dining area, and kitchen in each unit
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
$18,972
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
6.33%
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%
$379,440
$379.4K
Cap Rate 7%
$271,029
$271.0K
Cap Rate 9%
$210,800
$210.8K
Market Conditions
NOI Build-Up for 1,520 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
$27.9K $18.36/SF
− Vacancy
−$804 −$0.53/SF
EGI
$27.1K $17.83/SF
− OpEx
−$8.1K −$5.35/SF
NOI
$19.0K $12.48/SF
Area
Kern County, CA
Vacancy
2.88%
Lease Rate
$18.36 /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%
$379,440
Cap Rate 7%
$271,029
Cap Rate 9%
$210,800
Alternative Uses
Best Use
Multifamily LT 5
$271.0K
$237.2K – $316.2K
NOI $18,972 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$250.1K
$218.9K – $291.8K
NOI $17,510 @ 7.0% cap · market cap 5.84%
Theoretical Best
Warehouse
$324.7K
$284.1K – $378.8K
NOI $22,730 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 93505, CA
14,880
Population
5,352
Households
2.8
Avg Household Size
35
Median Age
11%
College-Educated
79%
High-School Grad
65.0 sq mi
ZIP Area
229
Density / Sq Mi
$55,010
Median Household Income
$32,590
Median Earnings
$1,016
Median Rent
$239,600
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 - Each residence offers two bedrooms, one bathroom, a living room, dining area, and kitchen.
Where is this duplex located?
The property is located at 7742 Walpole Avenue California City, CA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two residential units totaling 1,520 square feet; Each unit includes 2 bedrooms and 1 bathroom; Living room, dining area, and kitchen in each unit
