
Bakersfield, CA 93306
This 2020-built duplex represents a Strong Value Opportunity, listed at $449,000—positioned well below the $504,461 Fair Market Value by 10%. This valuation gap offers $55,461 in Instant Equity. Featuring a Mint Condition Rating and R3 Zoning, the property provides immediate rental income alongside significant expansion potential for an ADU or third unit. This asset is perfectly suited for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a high-demand rental corridor.
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and features modern construction, updated systems, and requires no immediate maintenance, fitting the criteria for mint condition.
As a 2020 build, this duplex offers modern systems, energy efficiency, and significantly lower maintenance costs compared to the older housing stock typically found in the Bakersfield market.
The R3 zoning and generous lot size provide a rare opportunity to increase density by adding a third unit or an ADU, allowing for substantial future appreciation and increased rental yield.
With one unit vacant and one occupied, the property is perfectly positioned for either an owner-occupant looking to 'house-hack' or an investor seeking immediate cash flow with market-rate upside.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6909, other record lot size in square feet = 6969.
The assigned middle and high schools carry low ratings (2/10 and 3/10), which may limit the property's appeal to long-term family tenants and impact future resale value.
The 'motivated seller' designation and emphasis on a quick sale may indicate a price point that is testing the upper limits of the Hillcrest submarket, requiring a savvy negotiation to ensure immediate equity.
MOTIVATED SELLER. All serious offers considered. Welcome to 2207 Monterey St, a 2020-built duplex offering the perfect blend of modern living and immediate income potential in Bakersfield's desirable Hillcrest neighborhood. This well-maintained property features two units, with one unit currently tenant-occupied providing steady rental income from day one, and one unit vacant giving the new owner the rare flexibility to either move in and enjoy owner-occupied living while your tenant helps cover the mortgage or place a new tenant at full current market rent and maximize your cash flow immediately. Built in 2020, this newer construction comes with the peace of mind that older properties simply can't offer. Updated systems, and years of reduced maintenance costs ahead. The property also features a private gated entrance providing added security and privacy for both you and your tenants, along with 4 dedicated parking spaces to accommodate all residents comfortably. Perhaps most exciting is the additional space and R3 zoning that offers a genuine opportunity to expand, whether that means adding a third unit, an ADU, or additional improvements to further increase the property's value and income potential. Buyers are encouraged to verify development options with the City of Bakersfield Planning Division. Conveniently located near Vallarta Supermarket, restaurants, retail, and everyday amenities in one of Bakersfield's strongest rental demand corridors, this property is as well-positioned as it gets for long-term appreciation and cash flow. The seller is motivated and this one needs to move quickly. Don't miss your window on this turnkey investment opportunity. Call today and make your offer.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,920 | - |
| Lot Size | 6,909 | - |
| Price | $449.0K | $549.6K |
| Price per sq ft | $234 | $176 |
| Built year | 2020 | 0 |
| HOA | $0 | $0 |
| Days on market | 44 | 79 |
Jun 8, 2026
$449,000
Initial Listing
Jun 13, 2024
$410,000
Public Record
Nov 8, 2019
$38,000
Public Record
Apr 29, 2019
$25,000
Public Record
Aug 5, 2005
$299,000
Public Record
Dec 11, 2003
$150,000
Public Record
Mar 21, 2003
$120,000
Public Record