1308 Flower, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
Loading property details...
Bakersfield, CA 93305
This Quadruplex Residential Income Asset is a Strong Value Opportunity, listed at $599,000—positioned slightly above the $595,940 Fair Market Value. While there is no immediate equity gap, the property offers stable income potential through its four 2-bedroom, 1-bath units and on-site parking. With a Condition Rating of 4, the building is functional but presents clear modernization potential to drive future rent growth. This is a reliable, cash-flowing acquisition ideal for Buy-and-Hold Investors or Portfolio Managers seeking a stable asset in a high-demand rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1308 Flower Subject | $599,000* List Price | 0 | 0 | 3,432 | $174 | - |
A 1304 Flower Street A-D Active | $640,000 List Price | 8 | 4 | 3,432 | $186 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old property is well-maintained but dated. While interior photos show some updates like laminate flooring, the presence of popcorn ceilings, missing closet doors, and older roof-mounted HVAC units indicate the property needs minor repairs and modernization to meet current market standards.
The property consists of four uniform 2-bedroom, 1-bathroom units, which is a highly sought-after layout that appeals to a wide tenant base and ensures consistent rental demand.
The inclusion of individual washer/dryer hookups and ample on-site parking significantly increases the property's competitiveness and allows for premium rent positioning compared to older builds.
Proximity to medical facilities, schools, and major commuter routes in Bakersfield provides excellent convenience for tenants, contributing to lower vacancy rates and long-term stability.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7538, other record lot size in square feet = 7405.
The property was recently sold within the past year on 2025-09-11. The sold price is $575,000.00.
Given the recent sales history of $575,000 and the current list price of $599,000, there is a narrow margin for immediate appreciation or a quick return on investment.
Excellent investment opportunity in the heart of Bakersfield! This well-maintained four-unit apartment building features four spacious 2-bedroom, 1-bath units, offering strong rental demand and excellent income potential. The property includes approximately 3,442 square feet of living space with ample on-site parking and convenient access to schools, shopping, dining, medical facilities, and major commuter routes. The functional floor plans, washer/dryer hookups, and desirable unit layouts make this property attractive to both tenants and investors alike. Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking an income-producing asset, this multi-family property offers tremendous upside and long-term value. Don't miss the opportunity to own a cash-flowing asset in a growing rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,432 | - |
| Lot Size | 7,538 | - |
| Price | $599.0K | $549.6K |
| Price per sq ft | $175 | $176 |
| Built year | 1984 | 0 |
| HOA | $0 | $0 |
| Days on market | 38 | 79 |
Jun 15, 2026
$599,000
Initial Listing
Sep 11, 2025
$575,000
Public Record
Oct 10, 2017
$299,500
Public Record
Dec 9, 2008
$125,000
Public Record
Dec 17, 2004
$285,000
Public Record
Feb 14, 2003
$834,000
Public Record