1724 Terrace, Bakersfield, CA 93304, Bakersfield, 93304 - bed, bath
1724 Terrace
Bakersfield, CA 93304
Property Price
SUMMARY
Analysis of 1724 Terrace, Bakersfield, CA 93304 is currently available with a list price of $493,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 1724 Terrace
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.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1948
- Lot Size
- 7,411 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Evergreen Elementary School
Grades K-5 • 0.7 mi
Frank West Elementary School
Grades K-5 • 1.2 mi
Amy B. Seibert Elementary School
Grades K-6 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,385 | 2,098.5 | 50% |
| Lot Size | 7,411 | 6,822 | 50% |
| Price | $493.0K | $374.0K | 50% |
| Price per sq ft | $207 | $174 | 50% |
| Built year | 1948 | 1948 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 121 | 50% |
Pricing History
Listed for Sale
Jan 8, 2026
$493,000
Initial Listing
Sold
Nov 29, 2022
$255,000
Public Record
Sold
Jun 19, 2018
$9,000
Public Record
Sold
May 11, 2018
$166,000
Public Record
Sold
Dec 3, 2014
$124,000
Public Record
Sold
Mar 1, 2010
$130,000
Public Record