
Bakersfield, CA 93309
Analysis of 2824 N Half Moon Drive, Bakersfield, CA 93309 is currently available with a list price of $899,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Property is new construction or fully renovated.
Property features recent extensive renovations to 4 out of 5 units, including new flooring, paint, and recessed lighting. Key systems have been addressed with the replacement of interior water lines and water heaters. Kitchens and bathrooms are updated with new fixtures, vanities, and appliances, meeting the <5-year renovation criteria for excellent condition.
Four of the five units have been significantly updated with new flooring, paint, recessed lighting, and plumbing upgrades, minimizing immediate capital expenditure for a new owner.
The property features a desirable combination of one three-bedroom residence and four two-bedroom units, catering to a wide range of tenant needs and maximizing rental income potential.
Recent exterior renovations, including fresh paint, updated landscaping, and replaced water heaters, provide a professional appearance and improved operational efficiency.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11862, other record lot size in square feet = 11761.
The local elementary, middle, and high schools all carry a rating of 4, which may limit the property's appeal to families and impact long-term value appreciation.
With only a detached two-car garage serving five units, the property may face parking challenges for tenants, particularly given the multi-bedroom configurations.
Five-unit multifamily opportunity with four remodeled units and a versatile mix of one three-bedroom, two-bath residence and four two-bedroom, one-bath residences. Recent improvements include new flooring, interior paint, recessed lighting, baseboards, mirrors, replacement of interior water lines, select interior and exterior doors, bathroom reglazing, newer bathroom fixtures and toilets, select kitchen components and appliances, and, in certain units, new cabinets and vanities. Additional property improvements include replacement of some water heaters, exterior renovations, fresh exterior paint, and updated landscaping. The property also features a detached two-car garage, laundry hookups, and four separate laundry areas. With multiple unit configurations, existing rental income, and extensive improvements already completed, this property presents an attractive multifamily investment opportunity.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
Aug 7, 2026
$899,000
Initial Listing