Two-Unit
For Sale
$390,000
913 Jeffrey St, Bakersfield, CA 93305
One unit is occupied, while the other is vacant with improvements awaiting permit approval.
Property Size1,674 SF
Price / SF$232.97
Days on Market23
Property Features for 913 Jeffrey St
General Information
Standard status
Active
Size
1,674 SF
Property subtype
Residential Income
Additional Details
Asking Price
$390,000
Multifamily Units
2
Listing Agency:
LPT Realty. Inc.
(877) 366-2213
Listed By:
Salvador Flores
(818) 437-2037
Source:
Exprealty
Added: Sep 21
Changed: Oct 5
Last Checked: Oct 12 at 10:56PM
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 LPT Realty. Inc.
Investment Insights
Based on property information with market context.
This 1,674-square-foot duplex at 913 Jeffrey St in Bakersfield contains two units. The rear unit has been renovated and is currently rented. The front unit is vacant and has undergone substantial reconstruction and improvement.
Permits for the front-unit work are pending and have not been issued. The property is offered as-is, and approval or timing of the permits is not guaranteed.
Permits for the front-unit work are pending and have not been issued. The property is offered as-is, and approval or timing of the permits is not guaranteed.
Key Highlights
- Two‑unit duplex totaling 1,674 square feet
- Renovated rear unit is currently rented
- Vacant front unit has been substantially reconstructed; permits remain pending and unissued
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,694
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,880
$433.9K
Cap Rate 7%
$309,914
$309.9K
Cap Rate 9%
$241,044
$241.0K
Market Conditions
NOI Build-Up for 1,674 SF
Gross rent
$33.1K $19.80/SF
− Vacancy
−$2.2K −$1.29/SF
EGI
$31.0K $18.51/SF
− OpEx
−$9.3K −$5.55/SF
NOI
$21.7K $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%
$433,880
Cap Rate 7%
$309,914
Cap Rate 9%
$241,044
Alternative Uses
Best Use
Multifamily LT 5
$309.9K
$271.2K – $361.6K
NOI $21,694 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$287.8K
$251.9K – $335.8K
NOI $20,148 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$444.2K
$388.7K – $518.3K
NOI $31,096 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 93305, CA
38,392
Population
11,824
Households
3.2
Avg Household Size
29
Median Age
9%
College-Educated
64%
High-School Grad
5.8 sq mi
ZIP Area
6,619
Density / Sq Mi
$41,290
Median Household Income
$27,936
Median Earnings
$1,065
Median Rent
$245,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - One unit is occupied, while the other is vacant with improvements awaiting permit approval.
Where is this duplex located?
The property is located at 913 Jeffrey St Bakersfield, CA.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,674 square feet; Renovated rear unit is currently rented; Vacant front unit has been substantially reconstructed; permits remain pending and unissued
