1017 Paloma St, Bakersfield, CA 93304, Bakersfield, 93304 - 0 bed, 0 bath
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Bakersfield, CA 93304
Analysis of 1017 Paloma St, Bakersfield, CA 93304 is currently available with a list price of $419,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1954, the property is well-maintained and functional as an income-producing duplex, but it shows clear signs of age. The kitchen and bathrooms feature older cabinetry, dated tile work, and basic fixtures consistent with a home that has had regular upkeep rather than a comprehensive modern renovation.
The property features a 3-bedroom main house and a 1-bedroom secondary unit, offering excellent flexibility for multi-generational living or a 'house-hacking' owner-occupant.
Both units are currently occupied by tenants, providing the new owner with immediate rental income and eliminating the need for initial tenant placement.
Located within walking distance (0.08 miles) of Evergreen Elementary, the property is highly attractive to families, which helps maintain long-term rental demand.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6017, other record lot size in square feet = 6098.
Built in 1954, the property may require more frequent maintenance or capital improvements to aging systems compared to modern builds.
With two separate dwellings and garages situated on a 6,017 square foot lot, outdoor yard space and privacy between units are relatively constrained.
Charming, income-producing property in Southwest Bakersfield. This is an excellent opportunity for an investor or an owner-occupant looking to live in one home and rent the other to help offset the mortgage. The main home features 3 bedrooms and 2 bathrooms, including a downstairs primary bedroom with a full bath, while the additional 2 bedrooms and second bathroom are located upstairs. The home also offers a spacious kitchen and in-unit laundry hookups.The second home includes 1 bedroom and 1 bathroom, also with in-unit laundry hookups. Both homes share side-by-side garages, offering ample parking and storage.Both units are currently rented, providing immediate income. The property also features a beautiful yard with mature trees and is conveniently located within walking distance of Evergreen Elementary.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,044 | 1,928 | 50% |
| Lot Size | 6,017 | 6,125 | 50% |
| Price | $419.0K | $337.0K | 50% |
| Price per sq ft | $205 | $173 | 50% |
| Built year | 1954 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 163 | 196 | 50% |
Nov 10, 2025
$419,000
Initial Listing
Apr 29, 2022
$399,000
Public Record