1525 Oregon Street, Bakersfield, CA 93305, Bakersfield, 93305 - bed, bath
ACTIVE$333,999$1,460/sqft
1525 Oregon Street, Bakersfield, CA 93305
0Bed
0Bath
1,460Sqft
7,550Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multiple Income Streams: The property is a triplex (duplex in front, separate back house) offering immediate multiple rental income opportunities for investors.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7550, other record lot size in square feet = 7405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1460, other record living area = 1408.
Compared to the nearby listings
Price:$334.0K vs avg $575.0K ($-241,001)33%
Size:1,460 sqft vs avg 1,460 sqft50%
Price/sqft:$229 vs avg $16867%
More Insights
Built in 1948 (78 years old).
Condition: Built in 1948, this property is over 75 years old. While the owner states it has been kept in 'good condition,' the interior images reveal very dated kitchens and bathrooms with older cabinets, laminate countertops, basic appliances, linoleum/vinyl flooring, and fluorescent lighting. The property appears functional and maintained, but all major components show significant signs of being outdated and would require substantial cosmetic and functional updates to meet current standards. It does not show signs of significant defects or safety issues that would categorize it as 'poor'.
Year Built
1948
Close
-
List price
$334K
Original List price
-
Price/Sqft
$229
HOA
$0
Days on market
-
Sold On
-
MLS number
DW25131688
Home ConditionFair
Features
View-
About this home
Perfect property for first time investor or someone looking to add anther investment property to their portfolio. Duplex in the front with one bedroom one bath each and back house is one bedroom one bath with it's own separate yard and entrance. There is also a double car garge that can be turned into an ADU for more income and plenty of room to add more additional rooms to back house. Owner has kept the property in good condition.
R
Raymond Espinoza
Listing Agent
Price History
Date
Event
Price
06/06/17
Sold
$175,000
02/06/15
Sold
$100,000
02/06/12
Sold
$25,000
Condition Rating
Fair
Built in 1948, this property is over 75 years old. While the owner states it has been kept in 'good condition,' the interior images reveal very dated kitchens and bathrooms with older cabinets, laminate countertops, basic appliances, linoleum/vinyl flooring, and fluorescent lighting. The property appears functional and maintained, but all major components show significant signs of being outdated and would require substantial cosmetic and functional updates to meet current standards. It does not show signs of significant defects or safety issues that would categorize it as 'poor'.
Pros & Cons
Pros
Multiple Income Streams: The property is a triplex (duplex in front, separate back house) offering immediate multiple rental income opportunities for investors.
ADU Conversion Potential: A double car garage presents a significant opportunity to convert into an Additional Dwelling Unit (ADU), substantially increasing potential rental income.
Value-Add Expansion Opportunities: With a generous 7550 sqft lot and stated room to add more rooms to the back house, there is clear potential for future expansion and increased property value.
Well-Maintained Condition: The owner has kept the property in good condition, which may reduce immediate capital expenditures and maintenance costs for a new investor.
No Association Fees: The absence of association fees reduces ongoing operational costs, contributing to a higher net rental income for the investor.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7550, other record lot size in square feet = 7405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1460, other record living area = 1408.
Property Age: Built in 1948, the property is over 75 years old, which may imply older infrastructure, potential for higher maintenance costs, or the presence of outdated systems.
Small Unit Sizes: With 1460 sqft distributed across three units, individual unit sizes are likely small, which could limit tenant demographics or potential rental rates per unit.
Rapid Price Appreciation: The property has seen a dramatic increase in value from $25,000 in 2012 to $333,999 currently, which might indicate a high current valuation or a potentially volatile market, impacting future appreciation.