1303 Bernard, Bakersfield, CA 93305, Bakersfield, 93305 - 8 bed, 4 bath
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1303 Bernard
Bakersfield, CA 93305
ACTIVE
CONDITION: GOOD
8Beds
4Baths
3,264Sq Ft
7,455Lot Size
Property Price
LIST PRICE$575,000
EST. MARKET VALUE
$586,249
SUMMARY
This four-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $575,000—positioned well below the $586,249 Fair Market Value by 2%. This valuation gap offers $11,249 in Instant Equity. Featuring a Condition Rating of 3, the property offers durable tile flooring and a stable unit configuration. With three units currently occupied, this Buy-and-Hold Asset provides immediate cash flow, while the vacant unit allows for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack strategy.
Estimated Market Value
$586,249
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1303 Bernard Subject 8 bd · 4 ba · 3,264 sqft · $180 | $575,000* List Price | 8 | 4 | 3,264 | $180 | - |
A 1304 Flower Street A-D Active 8 bd · 4 ba · 3,432 sqft · $175 · 0.3 mi | $600,000 List Price | 8 | 4 | 3,432 | $175 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The units are well-maintained, functional, and move-in ready, featuring durable tile flooring throughout, updated stainless steel appliances, and clean, painted cabinetry.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income Potential
With three of the four units currently occupied, the property offers immediate cash flow for investors while providing a vacant unit for market-rate leasing or value-add improvements.
- Durable Low-Maintenance Design
The units feature tile flooring throughout and a secured, fenced exterior, which minimizes turnover costs and reduces long-term maintenance expenses for the landlord.
- Consistent Unit Configuration
The uniform layout of four 2-bedroom, 1-bathroom units provides a highly marketable and functional floor plan that appeals to a wide range of prospective tenants in the Bakersfield market.
CONSRISKS & DEFICIENCIES
- Potential Renovation Requirements
The mention of the vacant unit being available for 'owner's improvements' suggests that capital expenditure may be necessary to modernize the space and maximize rental income.
- Significant Price Appreciation
The current list price represents a substantial increase from previous sales history, which may necessitate a rigorous valuation to ensure the cap rate aligns with current investor expectations.
About 1303 Bernard
Income-Producing Four-Unit Investment Opportunity! 1303 Bernard Street offers a well-positioned multifamily property featuring four separate 2-bedroom, 1-bath units, providing a total of 8 bedrooms and 4 bathrooms. Three of the four units are currently occupied, with one unit vacant and available for a new tenant or owner's improvements.The units offer functional floor plans with spacious living areas, tile flooring throughout, ceiling fans, abundant natural light, and practical kitchens featuring ample cabinetry, tile backsplash and countertop space. Full bathrooms include tub/shower combinations and tile flooring.The property features a secured, fenced exterior and convenient access to each unit. A great opportunity to add a four-unit property to your investment portfolio in Bakersfield!
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 0
- Lot Size
- 7,455 Sq. Ft.
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 7.5 |
| Baths | 4.0 | 4.0 |
| Square foot | 3,264 | 3,050.111 |
| Lot Size | 7,455 | 8,743.333 |
| Price | $575.0K | $480.4K |
| Price per sq ft | $176 | $188 |
| Built year | 0 | 1966 |
| HOA | $0 | $0 |
| Days on market | 28 | 84 |
Pricing History
Listed for Sale
Sep 26, 2026
$575,000
Initial Listing
Sold
Sep 2, 2008
$235,000
Public Record
Sold
Dec 21, 2005
$425,000
Public Record
Sold
Aug 12, 2004
$240,000
Public Record
Sold
Dec 17, 2002
$140,000
Public Record