2208 Lake Street, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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Bakersfield, CA 93305
This Quadruplex Residential Income Asset represents a High-Potential Investment Opportunity with a List Price of $445,000—positioned well below the $518,730 Fair Market Value by 14%. This valuation gap provides $73,730 in Instant Equity. While the property maintains a Fair Condition Rating due to its 1939 Vintage Construction, it offers a stable income stream from four 1-bedroom units near East Bakersfield High School. The potential to acquire the adjacent parcel allows for rapid portfolio scaling. This is a strategic acquisition for Buy-and-Hold Investors or Portfolio Managers seeking high-yield assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2208 Lake Street Subject | $445,000* List Price | 0 | 0 | 2,128 | $244 | - |
A 2212 Lake Active | $445,000 List Price | 0 | 0 | 2,123 | $210 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1939, this 85-year-old property is well beyond the 20-year threshold for 'Fair' condition. The exterior shows dated finishes and the presence of window AC units suggests a lack of modern central HVAC systems. While functional as an investment property, the age and lack of mentioned renovations indicate that kitchens, baths, and systems are likely dated and will require minor repairs or modernization.
The property features four 1-bedroom, 1-bathroom units, providing a stable and diversified rental income for multi-family investors.
The option to purchase the adjacent property at 2212 Lake Street as a package deal offers a rare chance to instantly scale a rental portfolio in a single location.
With a list price of $445,000 for four units, the property offers an attractive entry point into the residential income market with a low cost-per-unit basis.
Built in 1939, the property may require significant capital expenditures for modernizing aging infrastructure, such as plumbing, electrical, and roofing systems.
With an average of approximately 532 square feet per unit, the small footprint may limit the tenant demographic and cap the maximum achievable rent per unit.
This four-unit property at 2208 Lake Street in Bakersfield offers an investment opportunity with a strong, consistent income stream. The building features a unit mix of four 1-bedroom, 1-bathroom units. 2212 Lake Street is also for sale and can be purchased as a package.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,128 | 2,488 | 40% |
| Lot Size | 6,833 | 7,405.2 | 40% |
| Price | $445.0K | $510.0K | 20% |
| Price per sq ft | $209 | $205 | 60% |
| Built year | 1939 | 1984 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 159 | 20% |
Apr 3, 2026
$445,000
Initial Listing
Sep 9, 2016
$200,000
Public Record
Jul 9, 2012
$210,000
Public Record
Feb 1, 2011
$60,000
Public Record
May 8, 2006
$280,000
Public Record
Jan 30, 2002
$78,000
Public Record