Two-Home Duplex
907 Lexington St, Delano, CA 93215
For Sale
$275,000
Pending
Separate residences offer distinct layouts, indoor laundry, alley access, driveway parking, and a carport.
Property Size768 SF
Days on Market104
Property Features for 907 Lexington St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Units
Unit Mix
Multifamily Units
Amenities
indoor laundry room
Building Details
Buildings
Listing Agency:
Elite, Realtors
(661) 348-4808
Listed By:
Shawn C. Byrom
(661) 706-1000
Source:
Exprealty
Added: Jul 29
Changed: Oct 31
Last Checked: Nov 8 at 10:51AM
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 Elite, Realtors
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Investment Insights
Based on property information with market context.
This duplex property contains two homes on a single lot. The front residence provides three bedrooms, one bathroom, and an indoor laundry room. The rear residence includes one bedroom and one bathroom, along with its own alley entry, driveway, and carport. Public records identify the rear home as 576 square feet.
The property is located near central Delano, with shopping, schools, restaurants, and freeway access in the surrounding area. The two-residence configuration and separate access features create a clearly defined layout for residential income use.
The property is located near central Delano, with shopping, schools, restaurants, and freeway access in the surrounding area. The two-residence configuration and separate access features create a clearly defined layout for residential income use.
Key Highlights
- Two homes positioned on one lot
- Front residence includes 3 bedrooms, 1 bathroom, and an indoor laundry room
- Rear residence offers 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,586
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$191,720
$191.7K
Cap Rate 7%
$136,943
$136.9K
Cap Rate 9%
$106,511
$106.5K
Market Conditions
NOI Build-Up for 768 SF
Gross rent
$14.1K $18.36/SF
− Vacancy
−$406 −$0.53/SF
EGI
$13.7K $17.83/SF
− OpEx
−$4.1K −$5.35/SF
NOI
$9.6K $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 Rate 5%
$191,720
Cap Rate 7%
$136,943
Cap Rate 9%
$106,511
Alternative Uses
Best Use
Multifamily LT 5
$136.9K
$119.8K – $159.8K
NOI $9,586 @ 7.0% cap · market cap 3.49%
Second Best
Apartment 5plus
$126.4K
$110.6K – $147.5K
NOI $8,847 @ 7.0% cap · market cap 3.22%
Theoretical Best
Warehouse
$164.1K
$143.6K – $191.4K
NOI $11,485 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,393
Businesses Nearby
Explore this area
Business Placement
Demographics for 93215, CA
53,626
Population
13,207
Households
4.1
Avg Household Size
32
Median Age
8%
College-Educated
62%
High-School Grad
145.5 sq mi
ZIP Area
369
Density / Sq Mi
$61,329
Median Household Income
$26,998
Median Earnings
$1,085
Median Rent
$271,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Kern County, CA
Properties on Market for Duplexes in Kern County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer distinct layouts, indoor laundry, alley access, driveway parking, and a carport.
Where is this duplex located?
The property is located at 907 Lexington St Delano, CA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two homes positioned on one lot; Front residence includes 3 bedrooms, 1 bathroom, and an indoor laundry room; Rear residence offers 1 bedroom and 1 bathroom
