1316 Flower Street, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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1316 Flower Street
Bakersfield, CA 93305
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,432Sq Ft
7,535Lot Size
Property Price
LIST PRICE$595,000
EST. MARKET VALUE
$590,676
SUMMARY
This Quadruplex Residential Income Asset represents a Strong Value Opportunity, listed at $595,000—positioned slightly above the $590,677 Fair Market Value. Despite the minor premium, the property offers immediate stability with three occupied units and a fourth pending. Featuring a Good Condition Rating with recent upgrades like granite countertops and new A/C units, this turnkey building minimizes capital expenditure. Its prime location near downtown Bakersfield ensures consistent rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking stabilized cash flow.
Estimated Market Value
$590,676
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 |
|---|---|---|---|---|---|---|
★ 1316 Flower Street Subject | $595,000* List Price | 0 | 0 | 3,432 | $172 | - |
A 1312 Flower Street Sold | $580,000 | 8 | 4 | 3,432 | $169 | 0.0 mi |
B 1312 Flower Street Sold | $580,000 | 0 | 0 | 3,432 | $169 | 0.0 mi |
C 1304 Flower Street A-D Active | $600,000 List Price | 8 | 4 | 3,432 | $175 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite being built in 1984, the property has undergone recent comprehensive renovations including new wood and tile flooring, granite countertops, and updated appliances. Crucially, major systems are new, including A/C units and water heaters, meeting the criteria for a recent renovation with no immediate maintenance needed.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Interior Upgrades
The units feature high-quality modern finishes including granite countertops, new wood and tile flooring, and updated appliances, significantly reducing immediate capital expenditure requirements.
- Immediate Cash Flow
With three units currently occupied and generating rental income and the fourth unit pending a tenant, the property offers a stabilized revenue stream from day one of ownership.
- Strong Tenant Amenities
The inclusion of in-unit washer/dryer hookups, new A/C units, and a gated parking lot provides a competitive edge in the local rental market, aiding in tenant retention.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7535, other record lot size in square feet = 7405.
- Limited Value-Add Opportunity
Since the property has already been recently renovated with premium materials, there is minimal room for a new owner to force appreciation through further cosmetic improvements.
- Historical Price Volatility
The property's extensive sales history shows significant fluctuations in value over the past two decades, suggesting the local sub-market may be sensitive to broader economic shifts.
About 1316 Flower Street
Excellent investment opportunity! This is what both new & experienced investors are looking for to make their money work for them. Beautiful 4 unit apartment building hot on the market. Each unit is a stunning 2 bedroom, 1 bathroom apartment with new wood flooring, tile flooring, ceiling fans, granite counter-tops, electric stove, dishwasher, new A/C units, new water heaters including washer/dryer hook-ups. Great floorplan layout, lots of open parking spaces in a gated lot, peaceful & quiet location and conveniently located to shopping, restaurants, public transportation and downtown Bakersfield. Three units are occupied and one new tenant on the way. All three are collecting their current rental incomes. Do not let this opportunity pass you by, this is investment gold! Get your offers in today!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1984
- Lot Size
- 7,535 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
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 | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 3,432 | 3,255.25 |
| Lot Size | 7,535 | 9,020 |
| Price | $595.0K | $503.0K |
| Price per sq ft | $173 | $185 |
| Built year | 1984 | 1968 |
| HOA | $0 | $0 |
| Days on market | 40 | 83 |
Pricing History
Listed for Sale
Jul 31, 2026
$595,000
Initial Listing
Sold
Oct 10, 2017
$299,500
Public Record
Sold
Jan 8, 2016
$232,500
Public Record
Sold
Jan 14, 2013
$153,500
Public Record
Sold
Dec 14, 2004
$285,000
Public Record
Sold
Feb 14, 2003
$834,000
Public Record