1612 1st Street Bakersfield, CA 93304
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID IV25164851
HOA Y/N No
Year Built 1940
Lot Size 0.630 Acres
Property Sub-Type Mixed Use
Property Description
property in Bakersfield presents a rare and beautiful
value-add investment opportunity. The property
features distinctive Spanish cottage architecture with
red-tile roofs, arched entryways, and lush landscaping
that exudes curb appeal and timeless character. Each
unit is thoughtfully designed with spacious layouts and
classic details that attract quality tenants. With strong
in-place cash flow, the investor can enjoy immediate
income from a stabilized rental base in a high-demand
submarket.
What sets this opportunity apart is the significant
upside potential through the conversion of eight
detached garages. The investor has the option to create
new revenue streams by converting the garages into
rentable accessory dwelling units (ADUs), tapping into
the growing demand for affordable housing in
Bakersfield. Alternatively, the garages can be leased as
storage units for additional monthly income. This
flexible value-add strategy offers both immediate and
long-term income growth, making it an ideal opportunity
for a savvy investor looking to capitalize on both yield
and appreciation in a growing Central Valley market.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Cooling Wall/Window Unit(s)
Flooring Vinyl, Wood
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Suburban
View Y/N No
View None
Roof Type Spanish Tile
Total Parking Spaces 8
Private Pool No
Building
Lot Description Corner Lot, Near Public Transit
Story 2
Entry Level Two
Sewer Public Sewer
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 01029011000
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
MORTGAGE CALCULATOR
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327