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

1814 3rd Street, Bakersfield, CA 93304 home-pic-0

1814 3rd Street

Bakersfield, CA 93304

ACTIVE
CONDITION: POOR
0Beds
0Baths
Sq Ft
6,233Lot Size

Property Price

LIST PRICE$289,900

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

Poor
TeardownExcellent

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 The kitchen, though not fully visible, is highly likely to be equally outdated given the property's age and the 'value-add' description.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

4/10

Emerson Middle School

Grades 6-8 • 0.7 mi

2/10

Bakersfield High School

Grades 9-12 • 0.7 mi

4/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds--
50%
Baths--
50%
Square foot-906
50%
Lot Size6,2336,233
50%
Price$289.9K$272.4K
50%
Price per sq ft$0$70
50%
Built year19481948
50%
HOA$0$0
50%
Days on market183183
0%

Pricing History

Listed for Sale

Sep 5, 2025

$289,900

Initial Listing

Sold

Sep 19, 2024

$200,000

Public Record

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