1303 Washington, Bakersfield, CA 93308, Bakersfield, 93308 - 2 bed, 1 bath
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Bakersfield, CA 93308
Analysis of 1303 Washington, Bakersfield, CA 93308 is currently available with a list price of $425,000. 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 1964, this 60-year-old triplex is described as having aging infrastructure and likely requires modernization of major systems. While marketed as a functional investment opportunity, the lack of interior photos and the property's age suggest that components are likely outdated and show signs of wear, fitting the criteria for a property maintained through regular upkeep but lacking recent major renovations.
As a triplex featuring three 2-bedroom, 1-bathroom units, this property offers a solid foundation for consistent rental income or a house-hacking opportunity to significantly offset mortgage costs.
The property is conveniently located near North Beardsley Park, Buck Owens' Crystal Palace, and Meadows Field Airport, providing high accessibility and strong tenant appeal within the Oildale neighborhood.
The single-story construction and practical unit layouts allow for simplified maintenance and upkeep, making it an efficient asset for both seasoned and first-time residential income investors.
The property only provides uncovered on-site parking, which may be a drawback for tenants seeking protected vehicle storage or additional security in the Bakersfield area.
Built in 1964, the property may require near-term capital improvements or modernization of major systems to maintain competitive market rents and ensure long-term operational efficiency.
Situated in the Oildale neighborhood of Bakersfield, 1303 Washington Avenue offers a well located investment opportunity with three individual residents on one parcel. This property is approximately 2,052 square feet of living space on a 6,100± sq ft lot. Talk about a solid foundation for consistent rental income and long term appreciation. Each unit features a practical layout with 2 bedrooms and 1 bathroom, appealing to tenants seeking comfortable and affordable living options. The friendly single story allows for simplified maintenance and support stable occupancy. The property includes on site uncovered parking and benefits from a convenient location near key neighborhood amenities and commuter routes. Notable nearby landmarks include North Beardsley Park, Buck Owens' Crystal Palace, and Meadows Field Airport, all of which contribute to the area’s accessibility and tenant appeal. This makes it an excellent option for investors looking to grow their portfolio at a reasonable price and income. As for it being an owner occupied opportunity, this may be what you are waiting for to allow you to offset living costs by renting out the additional units. Overall, 1303 Washington Avenue presents a strong combination of unit mix, location, and income potential, making it a valuable addition to any residential income portfolio in the Bakersfield market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 0.0 | 80% |
| Baths | 1.0 | 0.0 | 80% |
| Square foot | 2,052 | 2,052 | 50% |
| Lot Size | 6,101 | 6,425 | 20% |
| Price | $425.0K | $425.0K | 50% |
| Price per sq ft | $207 | $193 | 60% |
| Built year | 1964 | 1939 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 114 | 20% |
Mar 16, 2026
$425,000
Initial Listing