
Bakersfield, CA 93305
This triplex presents a Strong Value Opportunity with a List Price of $425,000—positioned well above the $390,943 Fair Market Value by 8%. While the property requires capital improvements due to its Condition Rating of 4, the 10,672 sqft lot and three ground-level units provide significant rental yield potential. This asset is ideal for Buy-and-Hold Investors seeking to modernize a vintage 1939 structure or Owner-Occupants looking to offset mortgage costs through multi-unit income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1300 Stockton Subject | $425,000* List Price | 0 | 0 | 1,712 | $228 | - |
A 410 Niles Active | $299,998 List Price | 3 | 2 | 1,517 | $198 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this 87-year-old triplex is well beyond the 20-year threshold for dated properties. While currently income-producing and appearing functional from the exterior, the lack of mentioned upgrades to kitchens, bathrooms, or core systems (HVAC/Electric) suggests the interior is dated and will require minor repairs and modernization to maintain market competitiveness.
The property features a versatile triplex configuration consisting of two 2-bedroom units and one 1-bedroom house, offering strong rental yield potential and flexibility for investors or owner-occupants.
All three units are ground-level, providing a highly desirable layout that enhances rental appeal for a broad demographic and simplifies long-term exterior maintenance.
Situated on a generous 10,672 square foot lot, the property offers ample space for tenant parking and outdoor amenities, which is a significant asset for a multi-family residence.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10672, other record lot size in square feet = 10890. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1712, other record living area = 2032.
Originally built in 1939, the property may require ongoing capital improvements and maintenance to address aging systems typical of homes from this era.
The assigned elementary and middle schools currently hold low performance ratings, which may limit the property's appeal to families with school-aged children and impact long-term appreciation.
Great opportunity to own a 3-unit income-producing property in Bakersfield! All three units are ground-level, offering convenient access and strong rental appeal. Unit Mix: • Two (2) 2-bedroom units • One (1) 1-bedroom house Ideal for an investor looking to add a multi-unit property to their portfolio or an owner-user looking to live in one unit while collecting rental income from the other two to help offset the mortgage. With three separate income-producing units and a desirable single-story layout, this property offers flexibility, income potential, and a great opportunity to build long-term equity.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,712 | 3,255.25 |
| Lot Size | 10,672 | 9,020 |
| Price | $425.0K | $503.0K |
| Price per sq ft | $248 | $185 |
| Built year | 1939 | 1968 |
| HOA | $0 | $0 |
| Days on market | 10 | 83 |
Aug 30, 2026
$425,000
Initial Listing
Mar 16, 2021
$240,000
Public Record
Mar 23, 2012
$50,000
Public Record
Mar 19, 2004
$115,000
Public Record