1017 Paloma St, Bakersfield, CA 93304, Bakersfield, 93304 - bed, bath
1017 Paloma St
Bakersfield, CA 93304
Property Price
SUMMARY
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.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Versatility
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.
- Immediate Cash Flow
Both units are currently occupied by tenants, providing the new owner with immediate rental income and eliminating the need for initial tenant placement.
- Exceptional School Proximity
Located within walking distance (0.08 miles) of Evergreen Elementary, the property is highly attractive to families, which helps maintain long-term rental demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Vintage Infrastructure
Built in 1954, the property may require more frequent maintenance or capital improvements to aging systems compared to modern builds.
- High Lot Density
With two separate dwellings and garages situated on a 6,017 square foot lot, outdoor yard space and privacy between units are relatively constrained.
About 1017 Paloma St
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1954
- Lot Size
- 6,017 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Evergreen Elementary School
Grades K-5 • 0.1 mi
Frank West Elementary School
Grades K-5 • 0.9 mi
Amy B. Seibert Elementary School
Grades K-6 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 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 | 117 | 150 | 50% |
Pricing History
Listed for Sale
Nov 10, 2025
$419,000
Initial Listing
Sold
Apr 29, 2022
$399,000
Public Record