1724 Terrace, Bakersfield, CA 93304, Bakersfield, 93304 - bed, bath
ACTIVE$493,000$2,385/sqft
1724 Terrace, Bakersfield, CA 93304
0Bed
0Bath
2,385Sqft
7,411Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Turnkey Investment Property: This property is explicitly marketed as a 'turnkey investment' with both units fully occupied and rented at market value, offering immediate cash flow and strong rental performance.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7411, other record lot size in square feet = 6969. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2385, other record living area = 1290.
Compared to the nearby listings
Price:$493.0K vs avg $1.52M ($-1,028,500)50%
Size:2,385 sqft vs avg 11,472.5 sqft50%
Price/sqft:$207 vs avg $16550%
More Insights
Built in 1948 (78 years old).
Condition: This property features a newly constructed ADU from 2023, which is in excellent condition with a contemporary layout. The main house, built in 1948, has undergone 'recent updates throughout' and offers 'modern appeal,' as supported by the refreshed exterior, newer windows, and solar panels. While the main house's original systems are older, the described updates suggest it is move-in ready with no immediate renovations required. The lack of interior photos prevents a higher 'Excellent' score, as the full extent and recency of kitchen, bathroom, and major system renovations in the main house cannot be visually confirmed.
Year Built
1948
Close
-
List price
$493K
Original List price
-
Price/Sqft
$207
HOA
$0
Days on market
-
Sold On
-
MLS number
NS26005107
Home ConditionGood
Features
View-
About this home
Welcome to 1724 Terrace Way - a beautifully updated investment opportunity! This property has been thoughtfully refreshed, offering modern appeal and strong rental performance. The main home features recent updates throughout, providing comfort and style for tenants or future homeowners. Adding tremendous value, a newly constructed ADU built in 2023 offers 2 bedrooms and 1 bath, designed with a contemporary layout and efficient finishes. Both units are fully occupied and rented at market value, making this a turnkey investment. Conveniently located near schools, shopping, and major commuting routes, this property is ideal for investors seeking cash flow and long-term appreciation. Modern. Profitable. Ready to perform 1724 Terrace Way checks all the boxes.
E
Ernesto Osuna
Listing Agent
Nearby schools
4/10
Evergreen Elementary School
Public,•K-5•0.7mi
4/10
Frank West Elementary School
Public,•K-5•1.2mi
5/10
Amy B. Seibert Elementary School
Public,•K-6•1.6mi
3/10
Curran Middle School
Public,•6-8•1.4mi
3/10
Fred L. Thompson Junior High School
Public,•7-8•2.4mi
4/10
South High School
Public,•9-12•1.8mi
4/10
West High School
Public,•9-12•2.2mi
Price History
Date
Event
Price
11/29/22
Sold
$255,000
06/19/18
Sold
$9,000
05/11/18
Sold
$166,000
12/03/14
Sold
$124,000
03/01/10
Sold
$130,000
Condition Rating
Good
This property features a newly constructed ADU from 2023, which is in excellent condition with a contemporary layout. The main house, built in 1948, has undergone 'recent updates throughout' and offers 'modern appeal,' as supported by the refreshed exterior, newer windows, and solar panels. While the main house's original systems are older, the described updates suggest it is move-in ready with no immediate renovations required. The lack of interior photos prevents a higher 'Excellent' score, as the full extent and recency of kitchen, bathroom, and major system renovations in the main house cannot be visually confirmed.
Pros & Cons
Pros
Turnkey Investment Property: This property is explicitly marketed as a 'turnkey investment' with both units fully occupied and rented at market value, offering immediate cash flow and strong rental performance.
Newly Constructed ADU: A significant value-add is the newly constructed ADU (built in 2023) featuring 2 bedrooms and 1 bath with a contemporary layout, substantially boosting rental income potential and overall property value.
Recent Updates & Modern Appeal: The main home has been 'thoughtfully refreshed' with 'recent updates throughout,' providing modern appeal and reducing immediate maintenance concerns for the primary unit.
Strong Rental Performance: Both units are 'fully occupied and rented at market value,' indicating a robust demand and reliable income stream, ideal for investors seeking consistent returns.
Convenient Location: The property boasts a convenient location near schools, shopping, and major commuting routes, enhancing its attractiveness to tenants and contributing to long-term appreciation.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7411, other record lot size in square feet = 6969. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2385, other record living area = 1290.
Age of Main Structure: The main home was built in 1948. While updated, older structures can present potential for underlying issues with original systems (e.g., plumbing, electrical, foundation) that may not be covered by cosmetic renovations.
Potential for Shared Utilities: The description does not specify whether the main house and the ADU have separate utility meters, which could lead to complications in tenant billing and property management if utilities are shared.
Limited Detail on Main Home System Upgrades: While 'updated,' the description lacks specific details regarding major system upgrades (e.g., HVAC, roof, electrical panel, plumbing) for the 1948 main house, which could be a concern for future maintenance costs.