1859 Kentucky Street, Bakersfield, CA 93305, Bakersfield, 93305 - bed, bath
ACTIVE$415,000/sqft
1859 Kentucky Street, Bakersfield, CA 93305
0Bed
0Bath
Sqft
15,245Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: The property is a triplex with two units already rented, providing immediate and diversified rental income for the new owner.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-10-22. The sold price is $405,000.00.
Compared to the nearby listings
Price:$415.0K vs avg $575.0K ($-160,000)33%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%
More Insights
Built in 1981 (45 years old).
Condition: Built in 1981, this triplex is over 40 years old. While two units are currently rented and appear functional, their interiors, including kitchens and bathrooms, are significantly dated with older cabinets, laminate countertops, basic fixtures, and popcorn ceilings. The third unit is explicitly described as 'undergoing an interior remodel but is to be sold as-is,' and images confirm it is in a state of partial demolition/reconstruction, making it unlivable and requiring substantial rehabilitation to complete. The property as a whole requires significant investment to update its systems and aesthetics.
Year Built
1981
Close
-
List price
$415K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
V1-31437
Home ConditionPoor
Features
View-
About this home
East Bakersfield triplex consists of three large identical units with covered parking. All units have 3 bedrooms, 1.75 bathrooms and are approximately 1,000 sf. One is detached and the other two are attached. The middle unit is undergoing an interior remodel but is to be sold as-is which is reflected in the price. The other two units are rented. Great opportunity to build sweat equity while collecting rent!
W
Willie Gordon
Listing Agent
Price History
Date
Event
Price
10/22/25
Sold
$405,000
09/09/20
Sold
$320,000
09/17/12
Sold
$140,000
10/31/03
Sold
$195,000
12/21/01
Sold
$132,000
Condition Rating
Poor
Built in 1981, this triplex is over 40 years old. While two units are currently rented and appear functional, their interiors, including kitchens and bathrooms, are significantly dated with older cabinets, laminate countertops, basic fixtures, and popcorn ceilings. The third unit is explicitly described as 'undergoing an interior remodel but is to be sold as-is,' and images confirm it is in a state of partial demolition/reconstruction, making it unlivable and requiring substantial rehabilitation to complete. The property as a whole requires significant investment to update its systems and aesthetics.
Pros & Cons
Pros
Income-Generating Asset: The property is a triplex with two units already rented, providing immediate and diversified rental income for the new owner.
Value-Add Opportunity: One unit is undergoing an interior remodel and is sold as-is, offering a clear opportunity for the buyer to build sweat equity and increase the property's overall value upon completion.
Desirable Unit Configuration: All three units are large and identical, featuring 3 bedrooms and 1.75 bathrooms, which appeals to a broad tenant base and supports stable occupancy.
Tenant Amenity (Covered Parking): The inclusion of covered parking for all units is a practical and desirable amenity, enhancing tenant satisfaction and property appeal.
Established Occupancy: With two units already rented, the property demonstrates proven market demand and provides immediate cash flow from day one.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-10-22. The sold price is $405,000.00.
Incomplete Renovation & As-Is Sale: One unit is sold 'as-is' while undergoing an interior remodel, requiring the buyer to complete the renovation and incur associated costs and effort.
Potential for Unforeseen Costs: Completing an ongoing remodel can lead to unexpected expenses, project delays, and the need for active management by the new owner.
Property Age: Built in 1981, the property is over 40 years old, which may necessitate future capital expenditures for system upgrades or major repairs to maintain its condition and appeal.