1001 El Tejon, Bakersfield, CA 93308, Bakersfield, 93308 - 0 bed, 0 bath
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Bakersfield, CA 93308
This duplex presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $421,143 Fair Market Value by -6%. While the property carries a Poor Condition Rating due to unfinished fire damage, the 2023 renovation of electrical and plumbing systems provides a solid foundation for completion. The presence of a stable Section 8 tenant ensures immediate cash flow, making this a strategic acquisition for Buy-and-Hold Investors or Contractors capable of managing the remaining interior repairs.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1001 El Tejon Subject | $450,000* List Price | 0 | 0 | 1,824 | $231 | - |
A 820 Woodrow Sold | $539,000 | 0 | 0 | 2,256 | $239 | 0.2 mi |
B 605 Lincoln Avenue Active | $582,000 List Price | 5 | 4 | 2,340 | $249 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Although the property underwent an extensive renovation in 2023 and features updated electrical, plumbing, and a modern tankless water heater, it is rated poor due to recent fire damage in the vacant unit. The requirement for the buyer to complete remaining work and address the aftermath of the fire classifies this as a rehab project.
Extensively renovated in 2023, the property features updated kitchens, newer appliances, and modernized electrical and plumbing systems, significantly reducing immediate maintenance requirements.
One unit is currently occupied by a Section 8 tenant in good standing, providing the new owner with guaranteed cash flow and a stable income stream from the date of purchase.
With two large 3-bedroom, 2-bathroom units, this duplex offers a spacious and desirable layout that commands higher market rents compared to standard smaller multi-family configurations.
The vacant unit has sustained fire damage and requires the completion of remaining work, which may complicate traditional financing and necessitate additional capital investment.
The property requires extensive buyer due diligence to verify the status of open permits and ensure that all fire-related repairs meet local building codes and safety standards.
Excellent investment opportunity! This duplex was extensively renovated from the ground up in 2023, offering modern upgrades and strong income potential. Each unit features 3 bedrooms, 2 bathrooms, in-unit laundry hookups, and updated kitchens with newer appliances. One unit is currently occupied by a Section 8 tenant who is in good standing, providing immediate rental income. The second unit is vacant and presents an opportunity for an owner-occupant or investor. The vacant unit recently experienced fire damage; however, permits have been pulled and secured, the plumbing has been replaced, the electrical system has been updated, and cosmetic finishes have been completed, allowing the next owner to complete the remaining work. The property also offers ample off-street parking for both units. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers excellent potential. Buyers are encouraged to conduct their own due diligence regarding the status of repairs, permits, and any remaining work.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,824 | - |
| Lot Size | 5,654 | - |
| Price | $450.0K | $549.6K |
| Price per sq ft | $247 | $176 |
| Built year | 1981 | 0 |
| HOA | $0 | $0 |
| Days on market | 27 | 79 |
Jun 25, 2026
$450,000
Initial Listing
Dec 21, 2023
$420,000
Public Record
Mar 13, 2023
$140,000
Public Record
Jan 21, 2005
$180,000
Public Record
Jul 3, 2003
$100,000
Public Record