2117 Kentucky Street, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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2117 Kentucky Street
Bakersfield, CA 93305
ACTIVE
CONDITION: POOR
0Beds
0Baths
2,768Sq Ft
24,732Lot Size
Property Price
LIST PRICE$479,900
EST. MARKET VALUE
$479,900
SUMMARY
This High-Potential Investment Opportunity is a Triplex Residential Income Asset listed at $419,900, positioned slightly above the $408,978 Fair Market Value. While the property carries a Fair Condition Rating due to its 1929 construction, the recent roof replacements and individual utility metering provide a stable foundation for operations. The expansive 24,732 sqft lot offers significant development upside, with potential for up to 16 units. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers focused on long-term density and value-add projects.
Estimated Market Value
$479,900
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 |
|---|---|---|---|---|---|---|
★ 2117 Kentucky Street Subject 0 bd · 0 ba · 2,768 sqft · $173 | $479,900* List Price | 0 | 0 | 2,768 | $173 | - |
A 2208 Lake Street Active 0 bd · 0 ba · 2,128 sqft · $209 · 0.2 mi | $445,000 List Price | 0 | 0 | 2,128 | $209 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1929, this property shows significant age and neglect. While the roofs were replaced within the last three years, the exterior images reveal worn siding, unkempt yards, and older windows. The presence of window air conditioning units suggests outdated HVAC systems. Without interior photos, it's highly probable that the kitchens, bathrooms, and other internal systems (plumbing, electrical) are original or very old, requiring substantial repairs and rehabilitation to meet current living standards. The property's value appears to be primarily in its development potential rather than the current condition of the structures.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Development Potential
The property sits on an over half-acre parcel (24,732 sqft) with stated potential to build up to 16 units, offering substantial future value for a savvy investor.
- Established Income Stream
Currently configured as a triplex with three homes, providing an immediate opportunity for rental income.
- Recent Major Updates
All three homes have been reroofed within the last 3 years, reducing immediate capital expenditure for a critical structural component.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24732, other record lot size in square feet = 24829.
- Advanced Age of Property
Built in 1929, the property is very old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and requiring significant renovation beyond the recent roof updates.
- Development Due Diligence Required
The stated potential to build up to 16 units requires the buyer to conduct their own investigation with the building department, implying uncertainty, potential costs, and delays in realizing this upside.
About 2117 Kentucky Street
Reduced 10K!! Excellent opportunity to utilize this property for its maximum reward for your client. These 3 homes with individual utilities, yes including separate water meters, can continue to rent out OR a savvy investor might decide to develop this over half acre parcel to its full potential. Can build up to 16 units, buyer to conduct its own investigation with the building dept! Each of the homes have been reroofed within the last 3 years!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1929
- Lot Size
- 24,732 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 | 2,768 | 3,050.111 |
| Lot Size | 24,732 | 8,743.333 |
| Price | $479.9K | $480.4K |
| Price per sq ft | $173 | $188 |
| Built year | 1929 | 1966 |
| HOA | $0 | $0 |
| Days on market | 498 | 84 |
Pricing History
Listed for Sale
Oct 1, 2026
$479,900
$419,900
+14% Price Increase
Initial Listing
Price Change
Jun 13, 2025
$419,900
Initial Listing
Sold
Jun 22, 2015
$211,000
Public Record
Sold
Jun 13, 2014
$75,000
Public Record