
Bakersfield, CA 93305
This Residential Income Duplex is a High-Potential Investment Opportunity, listed at $490,000—positioned well below the $499,865 Fair Market Value by 2%. This valuation gap offers $9,865 in Instant Equity. Featuring 2024 New Construction in Mint Condition, the property includes Paid-Off Solar and Separate Metering. While the front unit is currently under-rented, the vacant back unit allows for immediate market-rate income. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a modern, low-maintenance asset with significant long-term upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1417 Oregon Subject | $490,000* List Price | 0 | 0 | 1,948 | $257 | - |
A 1413 Oregon Active | $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.
Brand new 2024 construction in mint condition. Features modern kitchen with stainless steel appliances, new LVP flooring, and updated systems including paid-off solar and new electrical/HVAC.
As a 2024 new construction with fully paid-off solar and separate metering, the property offers significantly reduced operating costs and minimal immediate maintenance requirements.
Due to its recent construction, the property is exempt from California's statewide rent cap (AB 1482), providing investors with full flexibility to adjust rents to market rates.
The two detached buildings with no shared walls provide a highly desirable configuration for tenants, while the vacant back unit allows for immediate market-rate income generation.
The front unit is leased at $1,500 through March 2027, which is approximately $500 below current market value, delaying the realization of the property's full cash flow potential.
With two detached dwellings situated on a 3,920 sq. ft. parcel, the property has a high density that may limit private outdoor space and parking flexibility for residents.
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 | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,948 | 3,255.25 |
| Lot Size | 3,920 | 9,020 |
| Price | $490.0K | $503.0K |
| Price per sq ft | $252 | $185 |
| Built year | 2024 | 1968 |
| HOA | $0 | $0 |
| Days on market | 23 | 83 |
Aug 17, 2026
$490,000
Initial Listing
Dec 9, 2024
$485,000
Public Record