2117 Kentucky Street, Bakersfield, CA 93305, Bakersfield, 93305 - bed, bath
ACTIVE$419,900$2,768/sqft
2117 Kentucky Street, Bakersfield, CA 93305
0Bed
0Bath
2,768Sqft
24,732Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
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.
Top Cons:
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.
Compared to the nearby listings
Price:$419.9K vs avg $575.0K ($-155,100)33%
Size:2,768 sqft vs avg 2,768 sqft50%
Price/sqft:$152 vs avg $15250%
More Insights
Built in 1929 (97 years old).
Condition: 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 The presence of window air conditioning units suggests outdated HVAC systems.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.
Year Built
1929
Close
-
List price
$420K
Original List price
-
Price/Sqft
$152
HOA
$0
Days on market
-
Sold On
-
MLS number
AR25132818
Home ConditionPoor
Features
Patio
View-
About this home
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!
S
Steven Rangel
Listing Agent
Price History
Date
Event
Price
06/22/15
Sold
$211,000
06/13/14
Sold
$75,000
Condition Rating
Poor
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.
Pros & Cons
Pros
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.
Individual Utilities: Each of the three homes features individual utilities, including separate water meters, which simplifies property management and tenant billing.
Price Reduction: The property has recently undergone a $10,000 price reduction, making it a more attractive and competitive investment opportunity.
Cons
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.
Potentially Small Unit Sizes: With a total of 2768 sqft across three units, individual units are likely relatively small (~922 sqft each), which could limit rental income potential or tenant appeal compared to larger units.