2003 Virginia Street, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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2003 Virginia Street
Bakersfield, CA 93305
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
7,514Sq Ft
7,514Lot Size
Property Price
LIST PRICE$449,000
SUMMARY
Analysis of 2003 Virginia Street, Bakersfield, CA 93305 is currently available with a list price of $449,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1959, the property is listed as 'newly remodeled' and 'turnkey.' Visual evidence confirms a recent renovation (<5 years) including new laminate flooring, fresh interior/exterior paint, updated bathroom vanities, and refreshed kitchens. The units appear in mint condition with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
This turnkey triplex offers excellent flexibility for owner-occupants or investors, featuring a 3-bedroom front home and two 1-bedroom units, supplemented by additional revenue from on-site coin-operated laundry.
- Value-Add Opportunity
The property includes an extra-wide garage with a unit above it, providing significant future upside through a potential ADU conversion to further increase rental yield.
- Tenant Amenities
Unlike many multi-family properties, each unit features its own private yard and dedicated parking, enhancing tenant retention and justifying competitive market rents.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7514, other record lot size in square feet = 7405. Living area discrepancy between mls listing and other public or private record. mls listing living area = 7514, other record living area = 1564.
- Low School Ratings
The local public schools are rated poorly (2/10 and 3/10), which may deter families and impact long-term appreciation compared to areas with higher-performing districts.
- Limited Bathroom Count
Despite the spacious 3-bedroom front unit, it only contains a single bathroom, which may be a drawback for larger families and could limit the maximum achievable rent for that unit.
About 2003 Virginia Street
This well maintained and newly remodeled triplex is ready for it's new owner! The property consists of a spacious front 3 bedroom, 1 bath home with a private yard, a middle 1 bedroom, 1 bath unit, and a rear 1 bedroom, 1 bath unit. This property offers flexibility for both owner-occupants and investors. Live in the front home while generating rental income from the two rear units. Each unit has its on parking, plenty of extra space for guest parking and plenty of off-street parking. Each unit has its own yard, providing a comfortable outdoor space for tenants or occupants. The rear unit is located on the 2nd floor of the extra-wide garage, which can potentially be converted into an ADU. The two front units have washer and dryer hook ups inside the unit and there is also a coin-op laundry area for extra income. Conveniently located walking distance to major shopping centers, restaurants, dog and family friendly parks, as well as freeway access close by. This turnkey triplex offers a strong combination of livability, income potential, and future upside. This is an investment opportunity you don't want to miss!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1959
- Lot Size
- 7,514 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
College Heights Elementary School
Grades K-6 • 0.6 mi
2/10
Compton Junior High School
Grades 7-8 • 1.1 mi
2/10
East Bakersfield High School
Grades 9-12 • 0.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 7,514 | 3,255.25 |
| Lot Size | 7,514 | 9,020 |
| Price | $449.0K | $503.0K |
| Price per sq ft | $60 | $185 |
| Built year | 1959 | 1968 |
| HOA | $0 | $0 |
| Days on market | 40 | 83 |
Pricing History
Listed for Sale
Jul 31, 2026
$449,000
Initial Listing
Sold
Feb 14, 2022
$360,000
Public Record
Sold
Sep 4, 2020
$130,000
Public Record
Sold
May 31, 2017
$149,000
Public Record