1107 Pacific, Bakersfield, CA 93305, Bakersfield, 93305 - 4 bed, 2 bath
ACTIVE$330,000$1,315/sqft
Est. Value: $330,000
%
FairlyEstimate
1107 Pacific, Bakersfield, CA 93305
4Beds
2Baths
1,315Sqft
7,541Lot
Price Vs. Estimate
The estimated value ($330,000) is $0 (0%) lower than the list price ($330,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7541, living area = 1315.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7541, other record lot size in square feet = 7405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1315, other record living area = 980.
Compared to the nearby listings
Price:$330.0K vs avg $275.0K (+$55,000)72%
Size:1,315 sqft vs avg 1,196 sqft68%
Price/sqft:$251 vs avg $24356%
More Insights
Built in 1935 (91 years old).
Condition: Despite being built in 1935, this property has undergone extensive and recent renovations, bringing it to a virtually new condition in key areas. The kitchens feature modern white shaker cabinets, new countertops, and contemporary black hardware. The main bathroom is fully updated with a new double vanity, modern fixtures, and subway tile. New LVP flooring and fresh paint throughout both units, along with updated light fixtures, indicate a comprehensive renovation within the last 5 years, meeting current quality standards and presenting as move-in ready with minimal physical depreciation.
Year Built
1935
Close
-
List price
$330K
Original List price
-
Price/Sqft
$251
HOA
$0
Days on market
-
Sold On
-
MLS number
OC25238332
Home ConditionExcellent
Features
View-
About this home
Welcome to 1107 Pacific Street, a beautifully maintained duplex style offering the perfect blend of charm, functionality, and investment potential. The main house features 3 bedrooms and 1 bath across approximately 980 sq. ft., while the detached ADU includes 1 bedroom, 1 bath, and a full kitchen in roughly 335 sq. ft. The front unit is currently rented for $1,700 per month, providing immediate income, while the rear unit is vacant, ready to lease at market rent or ideal for an owner looking to live onsite. Each unit has been thoughtfully updated while maintaining its classic architectural appeal. Both enjoy dedicated parking, and the property sits on a 7,405 sq. ft. lot zoned R-3, allowing flexible use and future potential. Located in one of Bakersfield’s most central and convenient neighborhoods, just minutes from Downtown Bakersfield, shopping, dining, and major highways, this home offers the ideal balance of lifestyle and return on investment. Whether you’re a first-time investor, a multi-generational family, or someone seeking a home with built-in rental income.
A
Alex Duarte
Listing Agent
Price History
Date
Event
Price
08/06/24
Sold
$315,000
02/02/24
Sold
$100,000
10/15/08
Sold
$65,000
10/01/01
Sold
$24,000
Condition Rating
Excellent
Despite being built in 1935, this property has undergone extensive and recent renovations, bringing it to a virtually new condition in key areas. The kitchens feature modern white shaker cabinets, new countertops, and contemporary black hardware. The main bathroom is fully updated with a new double vanity, modern fixtures, and subway tile. New LVP flooring and fresh paint throughout both units, along with updated light fixtures, indicate a comprehensive renovation within the last 5 years, meeting current quality standards and presenting as move-in ready with minimal physical depreciation.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7541, living area = 1315.
Strong Income Potential: The property features a duplex-style setup with a main house and a detached ADU, with one unit already generating $1,700/month in rent, offering immediate income and flexibility for the second unit to be leased at market rate or owner-occupied.
Prime Central Location: Strategically located in a highly convenient Bakersfield neighborhood, providing excellent accessibility to Downtown, shopping, dining, and major highways, enhancing its appeal to both tenants and owner-occupants.
Development & Expansion Potential: Sitting on a generous 7,405 sq. ft. lot with R-3 zoning, the property offers flexible use and significant future potential for expansion or further development, adding long-term investment value.
Updated Units with Classic Charm: Both units have been thoughtfully updated while preserving their classic architectural appeal, which minimizes immediate renovation needs for a new owner and presents a move-in ready condition.
Dedicated Parking & No HOA: The property provides dedicated parking for each unit, a valuable convenience, and benefits from the absence of association fees, contributing to lower overall ownership costs.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7541, other record lot size in square feet = 7405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1315, other record living area = 980.
Advanced Age of Construction: Built in 1935, the property's age may lead to a higher likelihood of requiring significant maintenance, potential for outdated systems (e.g., plumbing, electrical), and potentially higher insurance costs compared to newer constructions.
Compact Living Spaces: The main house (980 sq. ft. for 3 beds/1 bath) and ADU (335 sq. ft. for 1 bed/1 bath) offer relatively small living areas, which might limit appeal to buyers seeking more spacious accommodations or larger families.
Tenant Management & Turnover Risk: As an income-generating property with two units, it entails increased responsibilities for tenant management, potential for higher tenant turnover, and risks of vacancy periods, which may not suit all investors.