
Bakersfield, CA 93305
This property presents a High-Potential Investment Opportunity, listed at a List Price of $470,000, which aligns with the $470,000 Fair Market Value. As a 2024 New Construction with an Excellent Condition Rating, this asset features Paid-Off Solar and Separate PG&E Metering. The dual-unit configuration offers immediate cash flow from the vacant back unit and significant rent-reset potential for the front unit. This is a stable, turnkey acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage house-hacking strategies in a rent-cap exempt property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1417 Oregon Subject 5 bd · 0 ba · 1,948 sqft · $241 | $470,000* List Price | 5 | 0 | 1,948 | $241 | - |
A 1413 Oregon Active 0 bd · 0 ba · 1,900 sqft · $268 · 0.0 mi | $510,000 List Price | 0 | 0 | 1,900 | $268 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
2024 new construction in mint condition. Features modern kitchen with stainless steel appliances, new LVP flooring, updated electrical systems, and paid-off solar panels.
Built in 2024, these detached units feature paid-off solar and separate PG&E metering, significantly reducing long-term maintenance costs and utility expenses while providing modern living standards.
As a recent 2024 construction, the property is exempt from California’s statewide rent cap (AB 1482), offering the owner maximum flexibility to adjust rents to market rates without restrictive caps.
The back unit is delivered vacant for immediate market-rate leasing, and the front unit has a clear $500/month rent upside once the current lease expires, providing a defined path to increased yield.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1948, other record living area = 1991. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The front unit is locked into a below-market lease until March 2027, which limits the property's total cash flow potential for the next several years.
With 67 days on the market and a recent price reduction from $485,000 to $470,000, the listing may be facing challenges with buyer perception or local market absorption.
Investor opportunity in East Bakersfield: two detached buildings on one parcel, no shared walls, with income in place and clear upside. The front home is 1,204 sq. ft. over two stories a bright, open main level with a half bath, three spacious bedrooms and two full baths upstairs including one attached to the primary, plus an attached 1-car garage. It's leased at $1,500/month through March 2027, roughly $500 below current market rents, with meaningful upside at lease expiration. The back unit is 744 sq. ft., 2 bedrooms and 1 bath, delivered vacant so a new owner sets market rent from day one. Both units have paid-off solar, permanently reducing operating costs. Each unit is separately metered with PG&E. As recent construction, this property is exempt from California's statewide rent cap, full flexibility to reset rents to market. Two buildings, two tenancies, one parcel.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,948 | 3,050.111 |
| Lot Size | - | 8,743.333 |
| Price | $470.0K | $480.4K |
| Price per sq ft | $241 | $188 |
| Built year | 2024 | 1966 |
| HOA | $0 | $0 |
| Days on market | 68 | 84 |
Aug 17, 2026
$470,000
Initial Listing
Dec 9, 2024
$485,000
Public Record