318 S Owens, Bakersfield, CA 93307, Bakersfield, 93307 - 6 bed, 0 bath
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318 S Owens
Bakersfield, CA 93307
ACTIVE
CONDITION: GOOD
6Beds
0Baths
1,933Sq Ft
0Lot Size
Property Price
LIST PRICE$520,000
EST. MARKET VALUE
$477,617
8% AboveMARKET VALUE
SUMMARY
This duplex represents a Strong Value Opportunity, listed at $520,000—positioned above the $477,617 Fair Market Value. While priced above the current estimate, the property offers a significant Rental Upside with potential for a 60% increase in gross revenue. Built in 2015, the asset maintains a Good Condition Rating and provides a turnkey, low-maintenance profile. This is an ideal acquisition for Buy-and-Hold Investors seeking immediate cash flow or Owner-Occupants interested in a house-hack strategy to offset mortgage costs.
Estimated Market Value
$477,617
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 318 S Owens Subject 6 bd · 0 ba · 1,933 sqft · $247 | $520,000* List Price | 6 | 0 | 1,933 | $247 | - |
A 722 S Williams Street Pending 0 bd · 0 ba · 2,700 sqft · $213 · 0.6 mi | $575,000 List Price | 0 | 0 | 2,700 | $213 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2015, the property is approximately 11 years old, falling within the 10-20 year range for a 'Good' rating. The exterior shows modern construction, vinyl windows, and the listing describes the units as move-in ready, implying that the 2015-era kitchens, baths, and systems are functional and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Significant Rental Upside
The property currently generates $3,000 total monthly income, but with market rents in the area reaching up to $2,400 per unit, there is a clear opportunity to increase gross revenue by 60%.
- Modern Construction
Built in 2015, this duplex is significantly newer than much of the surrounding residential income inventory, likely resulting in lower immediate maintenance costs and better energy efficiency.
- Turnkey Condition
The units are described as move-in ready and well-maintained, providing a seamless transition for an investor to take over without the need for immediate capital improvements or renovation downtime.
CONSRISKS & DEFICIENCIES
- Compact Living Dimensions
With a total of 1,933 square feet split between two 3-bedroom units, the individual layouts (approx. 966 sq. ft. each) may feel cramped for families, potentially impacting long-term tenant retention.
- Underperforming School District
The property is served by local middle and high schools with low ratings (2 and 3 out of 10), which can be a deterrent for high-quality, long-term family tenants and may affect future resale value.
About 318 S Owens
Great 2 Units in a desirable area of Bakersfield. Property shows Move In Ready. Must See to appreciate Each unit consists of 3 bedroom and 2 bath and currently collecting $1,500 per month each. However, it could be up to $2,400 in the area.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 2015
- Lot Size
- -
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Bessie E. Owens Primary School
Grades K-3 • 0.3 mi
4/10
Fremont Elementary School
Grades K-6 • 0.4 mi
3/10
Compton Junior High School
Grades 7-8 • 2.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 1,933 | 3,050.111 |
| Lot Size | - | 8,743.333 |
| Price | $520.0K | $480.4K |
| Price per sq ft | $269 | $188 |
| Built year | 2015 | 1966 |
| HOA | $0 | $0 |
| Days on market | 87 | 84 |
Pricing History
Listed for Sale
Jul 29, 2026
$520,000
Initial Listing
Sold
Oct 18, 2017
$235,000
Public Record
Sold
Mar 16, 2015
$25,000
Public Record