1814 3rd Street, Bakersfield, CA 93304, Bakersfield, 93304 - bed, bath

1814 3rd Street
Bakersfield, CA 93304
Property Price
SUMMARY
Analysis of 1814 3rd Street, Bakersfield, CA 93304 is currently available with a list price of $289,900. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1948, this property is over 75 years old. While it benefits from fresh paint and what appears to be newer carpet, these are superficial updates. The bathroom features very dated blue tile, suggesting a renovation that is likely 30-50 years old, and the vanity is basic. The kitchen, though not fully visible, is highly likely to be equally outdated given the property's age and the 'value-add' description. The listing itself highlights 'Age of Property' and 'Required Capital Expenditure' as weaknesses, indicating that substantial renovation and modernization efforts are necessary to bring it up to current standards and maximize its potential. While livable, it requires significant rehabilitation beyond minor updates.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Investment
As a triplex, the property offers diversified income streams, reducing vacancy risk and providing a strong asset for investors seeking consistent cash flow.
- Value-Add Potential
Explicitly marketed as a 'value-add investment,' it presents excellent potential for increasing rental income and long-term appreciation through strategic improvements and management.
- Separately Metered Utilities
Gas and electricity are separately metered for each unit, simplifying landlord responsibilities, reducing operating costs, and promoting tenant accountability.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6233, other record lot size in square feet = 6098.
- Age of Property
Built in 1948, the property is over 75 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance that may require significant capital investment.
- Required Capital Expenditure
The 'value-add' nature implies that substantial renovation and modernization efforts will be necessary to maximize rental income and appreciation, which may not appeal to all investors seeking a turn-key property.
About 1814 3rd Street
Charming 3-Unit Value-Add Investment Opportunity in Bakersfield, CA! Discover this rare opportunity to own a 3-unit property in the heart of Bakersfield. This value-add investment offers excellent potential for increased rental income and long-term appreciation. With separately metered gas and electricity, this property provides both flexibility and efficiency for tenants and landlords alike.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1948
- Lot Size
- 6,233 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Roosevelt Elementary School
Grades K-5 • 0.4 mi
Emerson Middle School
Grades 6-8 • 0.7 mi
Bakersfield High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | 906 | 50% |
| Lot Size | 6,233 | 6,233 | 50% |
| Price | $289.9K | $272.4K | 50% |
| Price per sq ft | $0 | $70 | 50% |
| Built year | 1948 | 1948 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 183 | 183 | 0% |
Pricing History
Listed for Sale
Sep 5, 2025
$289,900
Initial Listing
Sold
Sep 19, 2024
$200,000
Public Record































