223 Monterey Street, Bakersfield, CA 93305, Bakersfield, 93305 - bed, bath
223 Monterey Street
Bakersfield, CA 93305
Property Price
SUMMARY
Analysis of 223 Monterey Street, Bakersfield, CA 93305 is currently available with a list price of $649,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1982, the property has undergone some 'rehab' and exterior remodeling. While the exterior appears refreshed and flooring in some areas is updated, the kitchens and bathrooms still feature older style cabinets, white appliances, basic light fixtures, and popcorn ceilings, indicating functional but outdated aesthetics. One unit still requires cosmetic repairs, further supporting a 'fair' assessment where minor updates are needed.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Asset
As a quadruplex, this property offers multiple rental income streams, making it an attractive investment opportunity.
- Prime Central Location
Strategically located close to all city amenities, enhancing tenant appeal, demand, and potential rental rates.
- Extensive Recent Renovations
Three out of four units have been rehabbed, and the building's exterior was remodeled and painted, reducing immediate capital expenditures for the new owner.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7532, other record lot size in square feet = 7405.
- Incomplete Renovations
One unit still requires cosmetic repairs, necessitating additional investment and effort from the new owner post-acquisition.
- Property Age
Built in 1982, while partially renovated, the property may still have older core systems (e.g., plumbing, electrical) that could require future maintenance or upgrades.
About 223 Monterey Street
Four units building centrally located close to all amenities the city of Bakersfield have to offer. All units are two story two bedrooms one bathroom each. Three units have been rehab and one unit requires cosmetic repairs, exterior of the building was also remodeled and painted.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1982
- Lot Size
- 7,532 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,400 | 2,720 | 50% |
| Lot Size | 7,532 | 6,850.6 | 75% |
| Price | $649.0K | $591.5K | 75% |
| Price per sq ft | $191 | $179 | 50% |
| Built year | 1982 | 1986 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 378 | 238 | 0% |
Pricing History
Listed for Sale
Feb 22, 2025
$649,000
Initial Listing
Sold
Aug 8, 2024
$520,000
Public Record
Sold
Aug 27, 2019
$295,000
Public Record
Sold
Feb 19, 2016
$151,000
Public Record
Sold
Oct 22, 2004
$280,000
Public Record