
Bakersfield, CA 93301
This Turnkey Income-Producing Duplex is a Strong Value Opportunity, listed at $645,000—positioned well below the $731,540 Fair Market Value by 11%. This valuation gap offers $86,540 in Instant Equity for the buyer. With a Condition Rating of 3, the property features modern updates and generates $45,000 in annual rental income. Its flexible 3,880 sq ft layout and private yards provide significant versatility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, cash-flowing asset in a prime location.
Property is move-in ready.
While originally built in 1926, the property is described as turnkey with modern updates and retrofits. Visual evidence shows a well-maintained exterior, newer architectural shingles on the roof, and fresh interior finishes including new carpet and paint, suggesting a renovation within the 5-15 year range.
The property generates a robust $45,000 in annual rental income, offering immediate cash flow and a solid return on investment for buyers seeking a turnkey income-producing asset.
Built in 1926, this duplex perfectly blends timeless architectural character with essential modern retrofits and updates, providing a unique aesthetic without sacrificing contemporary comfort.
With 3,880 square feet of living space and a flexible layout including a bonus office, the property offers rare scale and versatility for multi-generational living or high-occupancy rentals.
The title indicates 8 bedrooms while there are only 5 usable bedrooms, which could lead to appraisal challenges or confusion regarding the property's actual utility and market value.
Despite recent updates, the 1926 construction may present inherent maintenance risks and higher insurance costs associated with aging plumbing, electrical, and structural systems typical of historic homes.
Charming 1926 Duplex in Prime Bakersfield Location - Income-Producing Opportunity This beautifully maintained duplex, built in 1926, perfectly blends timeless character with modern updates and retrofits. Located on a tree-lined street in an established, desirable neighborhood, it offers the perfect combination of historic charm and contemporary comfort while generating strong rental income. Property Highlights: Total Living Space: 3,880 sq ft Downstairs Unit: 3 bedrooms, 2.5 bathrooms Upstairs Unit: 2 bedrooms, 2 bathrooms Both units feature indoor laundry facilities, private yards, and dedicated parking The home currently shows 8 bedrooms on title due to a bonus office space (previously a converted bedroom), though there are 5 usable bedrooms in total. This flexible layout provides excellent options for owners, extended family, or tenants. Additional features include a dedicated storage area for added convenience. This turnkey income-producing property currently generates $45,000 per year in rental income, making it an attractive investment for buyers seeking immediate cash flow or a multi-generational home with rental potential. Step inside to find classic 1920s details paired with thoughtful recent updates throughout. The location is truly fantastic -- just minutes from shopping, dining, and everyday conveniences, all while enjoying the peaceful, mature-tree canopy of this sought-after Bakersfield neighborhood. Whether you're looking for a smart investment property or a spacious multi-unit residence with excellent income potential, this charming duplex is a rare find. Don't miss your opportunity to own a piece of Bakersfield history with modern appeal!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 50% |
| Baths | 5.0 | 2.5 | 50% |
| Square foot | 3,880 | 2,957.5 | 50% |
| Lot Size | 7,841 | 7,397.5 | 50% |
| Price | $645.0K | $561.5K | 50% |
| Price per sq ft | $166 | $201 | 50% |
| Built year | 1926 | 1915 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 88 | 50% |
May 30, 2026
$645,000
Initial Listing
Oct 25, 2024
$470,000
Public Record
Sep 14, 2010
$137,000
Public Record
Dec 29, 2006
$397,000
Public Record
Dec 15, 2004
$325,000
Public Record
Nov 1, 2004
$12,000
Public Record
Feb 15, 2002
$45,000
Public Record
Feb 11, 2002
$25,000
Public Record