1724 Terrace, Bakersfield, CA 93304, Bakersfield, 93304 - 0 bed, 0 bath
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Bakersfield, CA 93304
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.
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.
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.
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.
The main home has been 'thoughtfully refreshed' with 'recent updates throughout,' providing modern appeal and reducing immediate maintenance concerns for the primary unit.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
Grades K-6 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 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 | 104 | 167 | 50% |
Jan 8, 2026
$493,000
Initial Listing
Nov 29, 2022
$255,000
Public Record
Jun 19, 2018
$9,000
Public Record
May 11, 2018
$166,000
Public Record
Dec 3, 2014
$124,000
Public Record
Mar 1, 2010
$130,000
Public Record