326 Stephens, Bakersfield, CA 93304, Bakersfield, 93304 - 0 bed, 0 bath
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Bakersfield, CA 93304
Analysis of 326 Stephens, Bakersfield, CA 93304 is currently available with a list price of $798,500. 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.
Property is moderate renovation needed.
Built in 1983, this property is over 40 years old and falls into the 'Fair' category. While the description mentions two renovated units and newer A/C systems, the exterior images show significant aging, cracked pavement, and dated architectural features. It appears well-maintained for its age but lacks the comprehensive, property-wide updates required for a higher rating.
The property features a large 14,619 sqft lot that includes an additional vacant parcel, offering significant upside for future expansion or the construction of more units to increase density.
This 4-plex is fully occupied and well-maintained with two recently renovated units and newer A/C systems, providing immediate cash flow and reduced near-term capital expenditures.
Located near the intersection of Highway 99 and Highway 58, the property offers excellent connectivity for commuters, ensuring consistently high tenant demand and low vacancy rates.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =14619, other record lot size in square feet = 14810. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4, other record living area = 3492.
The local schools are rated between 3 and 5, which may be a deterrent for long-term family tenants who prioritize high-performing educational districts.
The identical 2-bedroom, 1-bathroom layout across all four units lacks the diversity needed to capture different segments of the rental market, such as larger families or single professionals.
Sharp, well-maintained 4-plex conveniently located near Hwy 99 and Hwy 58, offering excellent accessibility for tenants. All four units are fully occupied, each featuring 2 bedrooms and 1 bathroom, making this an ideal turnkey opportunity for first-time investors. Two of the units have been recently renovated, while all units offer tile flooring, newer A/C units, and individual laundry connections for added tenant convenience. Situated on a large lot, the property also includes an additional vacant lot with potential for future development and expansion. A Sea Train container is included, offering valuable on-site storage. Presenting potential for increased cash flow. This property combines strong current income, future growth potential, and a desirable location-making it a great investment opportunity.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.3 mi
Grades K-6 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4 | 908 | 50% |
| Lot Size | 14,619 | 10,426 | 50% |
| Price | $798.5K | $526.8K | 50% |
| Price per sq ft | $199.6K | $99.9K | 50% |
| Built year | 1983 | 1966 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 132 | 50% |
Mar 18, 2026
$798,500
Initial Listing
Jun 9, 2022
$700,000
Public Record
Jul 6, 2021
$408,500
Public Record
Apr 29, 2011
$170,000
Public Record
Jun 29, 2001
$126,000
Public Record
Sep 25, 1998
$104,500
Public Record