
Bakersfield, CA 93304
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.
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 The kitchen, though not fully visible, is highly likely to be equally outdated given the property's age and the 'value-add' description.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.
As a triplex, the property offers diversified income streams, reducing vacancy risk and providing a strong asset for investors seeking consistent cash flow.
Explicitly marketed as a 'value-add investment,' it presents excellent potential for increasing rental income and long-term appreciation through strategic improvements and management.
Gas and electricity are separately metered for each unit, simplifying landlord responsibilities, reducing operating costs, and promoting tenant accountability.
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.
Built in 1948, the property is over 75 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and deferred maintenance that may require significant capital investment.
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.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.7 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 | - | 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 | 229 | 229 | 0% |
Sep 5, 2025
$289,900
Initial Listing
Sep 19, 2024
$200,000
Public Record