1917 Pacific Street, Bakersfield, CA 93305, Bakersfield, 93305 - bed, bath
ACTIVE$319,900$2,309/sqft
1917 Pacific Street, Bakersfield, CA 93305
0Bed
0Bath
2,309Sqft
13,028Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a triplex with long-term tenants, offering immediate rental income and a stable cash flow for investors.
Top Cons:
Age of Property: Built in 1925, the property is nearly a century old, suggesting potential for outdated systems, deferred maintenance, and the need for significant renovations.
Compared to the nearby listings
Price:$319.9K vs avg $575.0K ($-255,100)33%
Size:2,309 sqft vs avg 2,309 sqft50%
Price/sqft:$139 vs avg $13950%
More Insights
Built in 1925 (101 years old).
Condition: Built in 1925, this property is nearly a century old with no indication of recent major renovations. The complete absence of interior photos and the 'drive by only' instruction strongly suggest that the interior, including kitchens and bathrooms, is severely outdated and requires substantial repairs and rehabilitation. Major systems (electrical, plumbing, HVAC) are likely original or very old, necessitating significant upgrades to meet modern standards and safety. While currently occupied by tenants, the property likely offers a very uncomfortable living environment and requires extensive investment to improve its condition.
Year Built
1925
Close
-
List price
$320K
Original List price
-
Price/Sqft
$139
HOA
$0
Days on market
-
Sold On
-
MLS number
AR25130287
Home ConditionPoor
Features
Patio
View-
About this home
Reduced 10K!!! Opportunity abounds with these 3 units on a large lot, this triplex is available to add to your portfolio.. Long term tenants currently residing on the property The choice is yours. Collect from a money making triplex, or develop this parcel by utilizing its zoning to the best ability. 3 bedroom 1 bath house with its own yard and water meter, and a duplex in the rear with its own water meter. A 1 car garage is also on the property. Drive by only, Submit then show!
S
Steven Rangel
Listing Agent
Price History
Date
Event
Price
07/22/14
Sold
$129,000
12/22/08
Sold
$75,500
Condition Rating
Poor
Built in 1925, this property is nearly a century old with no indication of recent major renovations. The complete absence of interior photos and the 'drive by only' instruction strongly suggest that the interior, including kitchens and bathrooms, is severely outdated and requires substantial repairs and rehabilitation. Major systems (electrical, plumbing, HVAC) are likely original or very old, necessitating significant upgrades to meet modern standards and safety. While currently occupied by tenants, the property likely offers a very uncomfortable living environment and requires extensive investment to improve its condition.
Pros & Cons
Pros
Income-Generating Triplex: The property is a triplex with long-term tenants, offering immediate rental income and a stable cash flow for investors.
Development Potential: Situated on a large 13,028 sqft lot with flexible zoning, the property presents significant potential for future development or expansion.
Separate Utilities: The individual units (house and duplex) each have their own water meter, simplifying utility billing and tenant management.
Recent Price Reduction: A recent $10,000 price reduction makes the property more competitive and attractive to potential buyers.
Large Lot Size: The substantial 13,028 sqft lot provides ample outdoor space, potential for additional parking, or future landscaping improvements.
Cons
Age of Property: Built in 1925, the property is nearly a century old, suggesting potential for outdated systems, deferred maintenance, and the need for significant renovations.
Limited Viewing Access: The 'Drive by only, Submit then show!' instruction creates a significant barrier for potential buyers to assess the interior condition and may indicate challenges with tenant cooperation or the property's current state.
Lack of Interior Information: The listing description and provided images lack any interior details or photos, making it difficult for buyers to gauge the condition, required updates, and overall appeal of the units.