
Bakersfield, CA 93305
This Residential Income Duplex presents a Strong Value Opportunity, listed at $475,000—positioned well above the $437,321 Fair Market Value by -8%. Featuring a Condition Rating of 3, the property includes significant updates like new windows and split-system A/C. The dual-unit configuration, including a converted garage and basement potential, offers immediate rental income streams. This asset is ideal for Buy-and-Hold Investors seeking cash flow or Owner-Occupants looking to offset mortgage costs through house hacking.
Property is move-in ready.
Originally built in 1935, the property has undergone recent renovations and is well-maintained. It features new flooring, new windows, a new water heater, updated kitchen appliances/fixtures, and a newly installed split-system A/C, making it functional and move-in ready.
The property offers a dual-stream revenue model with a main house currently rented for $2,000/month and a detached rear unit with a previous rental history of $1,650/month, making it an attractive asset for investors.
The main residence features significant modern improvements, including new windows, a new water heater, updated kitchen appliances, and a split-system A/C, reducing immediate capital expenditure for the buyer.
With a converted garage providing additional bedrooms and an unfinished basement offering expansion potential, the property provides exceptional flexibility for multi-generational living or value-add development.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6724, other record lot size in square feet = 6534. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1450, other record living area = 2000.
The garage conversion and basement usage require independent verification of permits and zoning compliance, which may pose legal or financing challenges if the additions are not fully documented.
Sold in as-is condition with a strong emphasis on buyer due diligence, the property places the full burden of potential repairs and structural verification on the purchaser.
Welcome to this spacious and versatile Bakersfield property offering comfortable living, valuable updates, and excellent rental potential. The main residence features 3 bedrooms and 2 bathrooms with an abundance of living space, new fixtures, wood flooring, new windows, a new water heater, updated kitchen appliances and fixtures, and a split-system A/C throughout the home. The inviting living room features a fireplace, while the generous yard provides plenty of outdoor space for entertaining, recreation, or relaxation. Off the kitchen is an unfinished basement area offering additional flexibility and potential. With the appropriate approvals, this space may provide an opportunity for additional living area, storage, or other uses. The property also includes a detached 2-car garage that has been meticulously converted into additional living space. This converted area was recently rented for approximately three years and offers a bedroom plus a large bonus room that was utilized as a bedroom, providing significant flexibility for extended living, rental, or guest accommodations. The front unit is currently occupied by a reliable tenant paying $2,000 per month plus all utilities, with the owner currently responsible only for water. The rear unit is vacant and was most recently rented for $1,650 per month, offering an immediate opportunity for a new owner to establish rental income. The rear unit also features separate washer/dryer hookups and is separately gated from the main house for added privacy and convenience. Additional features include an ADT alarm system, spacious interiors, ample parking, and multiple areas that provide flexibility for owner-occupancy, extended family, or rental use. With existing rental income and additional income potential, this property presents an excellent opportunity for investors or buyers seeking a property with versatility and upside. Buyer to verify all square footage, bedroom/bathroom counts, conversions, additions, basement use, permits, zoning, and other property information to their own satisfaction and due diligence. Property was purchased AS-IS by the current seller. Buyer and buyer's agent to independently verify all information and permitted uses with the appropriate authorities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 7.5 |
| Baths | 2.0 | 4.0 |
| Square foot | 1,450 | 3,050.111 |
| Lot Size | 6,724 | 8,743.333 |
| Price | $475.0K | $480.4K |
| Price per sq ft | $328 | $188 |
| Built year | 1935 | 1966 |
| HOA | $0 | $0 |
| Days on market | 51 | 84 |
Sep 3, 2026
$475,000
Initial Listing
Sep 16, 2024
$400,000
Public Record
Oct 31, 2022
$345,000
Public Record
May 31, 2022
$155,000
Public Record
May 18, 1994
$1,500
Public Record
Apr 25, 1994
$1,500
Public Record