2037 Oregon Street, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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2037 Oregon Street
Bakersfield, CA 93305
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,164Sq Ft
8,863Lot Size
Property Price
LIST PRICE$499,900
EST. MARKET VALUE
$474,827
5% AboveMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at $499,900, positioned slightly above the $474,828 Fair Market Value. While the property requires significant rehabilitation due to its Condition Rating of 5, the Individually Metered Utilities and Generous 8,863 sqft Lot provide a solid foundation for a value-add strategy. Investors can leverage the four-unit structure to diversify income streams and mitigate vacancy risks. This asset is best suited for Buy-and-Hold Investors or Experienced Contractors capable of modernizing aging infrastructure to maximize long-term rental yields.
Estimated Market Value
$474,827
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2037 Oregon Street Subject | $499,900* List Price | 0 | 0 | 2,164 | $219 | - |
A 2208 Lake Street Active | $445,000 List Price | 0 | 0 | 2,128 | $209 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
The property was built in 1950 (74 years old) and the listing provides no evidence of recent renovations. Visuals show dated exterior stucco, window-mounted AC units instead of central HVAC, and aging electrical meters, indicating the systems are well beyond their expected lifespan and the units likely require significant rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Income Potential
As a quadruplex with four separate units, this property offers a diversified income stream and reduced vacancy risk, making it a robust investment opportunity.
- Individually Metered Utilities
The units are individually metered, allowing tenants to pay their own utilities, which significantly reduces the owner's monthly operating expenses and simplifies management.
- Generous Lot Size
Situated on an 8,863 square foot lot, the property provides ample space for tenant parking or potential future site improvements, enhancing its long-term utility.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8863, other record lot size in square feet = 8712.
- Aging Infrastructure
Built in 1950, the property may require more frequent maintenance and capital expenditures for aging systems compared to modern multi-family developments.
- Aggressive Price Appreciation
The current list price represents a significant jump from the 2023 sale price of $315,000, which may challenge the immediate capitalization rate and appraisal value.
About 2037 Oregon Street
PERFECT BAKERSFIELD INVESTMENT, FOUR (4) SEPARATE AND INDIVIDUALLY METTER UNITS UNITS HAVE BEEN UPGRADED
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1950
- Lot Size
- 8,863 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
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 | 2,164 | 3,255.25 |
| Lot Size | 8,863 | 9,020 |
| Price | $499.9K | $503.0K |
| Price per sq ft | $231 | $185 |
| Built year | 1950 | 1968 |
| HOA | $0 | $0 |
| Days on market | 11 | 83 |
Pricing History
Listed for Sale
Aug 29, 2026
$499,900
Initial Listing
Sold
Nov 17, 2023
$315,000
Public Record
Sold
Mar 31, 2021
$299,000
Public Record
Sold
Apr 5, 2019
$230,000
Public Record
Sold
Jun 10, 2014
$163,000
Public Record
Sold
Jul 9, 2013
$95,000
Public Record
Sold
May 6, 2010
$135,000
Public Record
Sold
Feb 24, 2010
$64,000
Public Record