2301 Buena Vista Street, Bakersfield, CA 93304, Bakersfield, 93304 - 8 bed, 4 bath
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Bakersfield, CA 93304
This Turnkey Multi-Unit Investment represents a Prime Investment Opportunity listed at $799,000—positioned well below the $824,796 Fair Market Value by 3%. This valuation gap provides $25,796 in Instant Equity. Boasting a Condition Rating of 3, the property features updated interiors, a large 10,255 sqft gated lot, and private decks and patios. With 3 to 4 units delivered vacant, it offers immediate rental upside or a "house hack" strategy near Bakersfield High School. This versatile asset is perfect for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2301 Buena Vista Street Subject | $799,000* List Price | 8 | 4 | 3,360 | $245 | - |
A 715 N Street Active | $785,000 List Price | 0 | 0 | 3,767 | $208 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1984-built multi-unit property is in move-in ready condition following recent cosmetic updates. The interiors feature modern wood-look laminate flooring, fresh neutral paint, and updated contemporary light fixtures and ceiling fans. While the kitchens retain their original wood cabinetry and white tile countertops, they have been refreshed with modern black hardware and clean, functional appliances. The bathrooms and laundry areas appear well-maintained. Although the exterior wooden stairs and decks show some typical weathering, the overall property presents as a turnkey investment with no immediate major repairs required.
With 3 to 4 units delivered vacant, this property is ideal for owner-occupants utilizing FHA/VA financing or investors looking to immediately capture market-rate rents without tenant displacement.
The units have been tastefully updated and are move-in ready, significantly reducing the need for immediate capital expenditures and allowing for a faster leasing process.
The property features a large 10,255 sqft gated lot, providing enhanced privacy, security, and ample space for parking, which is a premium feature for multi-unit residential income properties.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10255, other record lot size in square feet = 10454.
The property was recently sold within the past year on 2025-09-25. The sold price is $735,000.00.
The assigned middle school has a low rating of 2/10, which may deter long-term family tenants and potentially impact the property's future appreciation compared to areas with higher-rated schools.
Great 4-Unit Oleander Investment Opportunity 8 Bedrooms, 4 Bathrooms. Fantastic investment property or ideal opportunity for a first-time buyer! This centrally located 4-unit property offers a total of 8 bedrooms and 4 bathrooms, and is just minutes from shopping, dining, and everyday conveniences. All units have been tastefully updated and are move-in ready. The property is gated, providing added privacy and security. It will be delivered with 3 units vacant, with the potential for the 4th unit to be vacant as wellperfect for owner-occupants or maximizing rental income, including Airbnb possibilities.This is a strong investment opportunity with flexible financing options available. FHA, conventional, and VA loans are all welcome. Don't miss out on this versatile and income-producing property!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.4 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 67% |
| Baths | 4.0 | 2.0 | 67% |
| Square foot | 3,360 | 1,881 | 67% |
| Lot Size | 10,255 | 7,489 | 67% |
| Price | $799.0K | $290.0K | 67% |
| Price per sq ft | $238 | $154 | 67% |
| Built year | 1984 | 1950 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 64 | 145 | 33% |
Apr 12, 2026
$799,000
Initial Listing
Sep 25, 2025
$735,000
Public Record
Nov 1, 2021
$510,000
Public Record
Jun 29, 2005
$490,000
Public Record
Jan 16, 1998
$133,500
Public Record