Renovated Duplex with Covered
New
For Sale
$390,000
913 Jeffrey Street, Bakersfield, CA 93305
Residential Income, Bakersfield, CA
Property Size1,674 SF
Lot Size0.15 Acres
Price / SF$232.97
Days on Market3
Property Features for 913 Jeffrey Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Covered
Elementary school
Noble, Myra A.
Middle school
Washington
High school
East
Subdivision
31
Standard status
Active
APN
12605201
Size
1,674 SF
Lot size
0.15 Acres
Building Details
Year built
1971
Floors in Building
1
Number of units
2
Listing Agency:
LPT Realty. Inc.
(877) 366-2213
Listed By:
Salvador Flores
(818) 437-2037
Added: Sep 21
Last Checked: Sep 23 at 7:06PM
MLS# 202610117
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 two-unit residential property in Bakersfield includes 1,674 square feet on a 0.1491-acre lot. Built in 1971, the duplex has covered parking and separate unit accommodations. The rear unit has been renovated and is occupied, while the front unit is vacant after substantial reconstruction and improvements.
Retroactive permits and approvals for the front unit work are pending, with the seller working with an architect on the process. The property is offered as-is, and permit timing or approval is not guaranteed. The address is 913 Jeffrey Street in Bakersfield, California 93305.
Retroactive permits and approvals for the front unit work are pending, with the seller working with an architect on the process. The property is offered as-is, and permit timing or approval is not guaranteed. The address is 913 Jeffrey Street in Bakersfield, California 93305.
Key Highlights
- Two‑unit duplex with 1,674 square feet of property size
- Rear unit renovated and currently rented
- Front unit substantially reconstructed and currently vacant
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
$21,694
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
5.56%
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%
$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
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
$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 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%
$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.
Property Analytics
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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 rented, while the other remains vacant following substantial reconstruction and pending permit review.
Where is this duplex located?
The property is located at 913 Jeffrey Street 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 with 1,674 square feet of property size; Rear unit renovated and currently rented; Front unit substantially reconstructed and currently vacant
