329 McCord Ave, Bakersfield, CA 93308, Bakersfield, 93308 - 0 bed, 0 bath
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Bakersfield, CA 93308
Analysis of 329 McCord Ave, Bakersfield, CA 93308 is currently available with a list price of $999,000. 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 1941, this multi-unit compound is over 80 years old. While the exterior appears maintained and the units are fully occupied/functional, the age and lack of documented recent renovations to kitchens, baths, or major systems suggest the property is dated and requires ongoing maintenance and modernization.
The expansive 1.39-acre lot zoned R2 offers rare versatility for future expansion or additional unit development, maximizing the long-term value of the land.
With six fully occupied units across four separate structures, this compound provides a turnkey income-producing opportunity with established tenant stability.
The property features a fully enclosed perimeter with premium security gates and separate residential structures, offering a level of privacy and safety highly desirable for multi-family living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4494, other record living area = 9195.
Built in 1941, the multiple structures may require significant ongoing maintenance or capital improvements to modernize electrical, plumbing, and HVAC systems.
The majority of the assigned elementary and middle schools have low performance ratings (ranging from 1 to 3), which may limit the property's appeal to families and impact future appreciation.
Prime Investment Opportunity: 1.39-Acre Income-Producing Multifamily Compound! Unlock massive cash flow with this unique, fully occupied residential compound sitting on a rare 1.39-acre lot. Zoned R2, this sprawling property features four separate residential structures, premium security gates, and park-like grounds, making it the ultimate addition to your real estate portfolio. Total Units: 6 units across 4 structures offering maximum privacy. 2 Enhanced security Gates, Fully enclosed perimeter provides peace of mind and privacy. Abundant Parking to accommodate tenants and guess vehicles. Whether you are looking to execute a buy-and-hold strategy, looking for a multi-family generational compound, or exploring future development potential on the massive acreage, this property delivers unmatched versatility.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-5 • 1.0 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1941 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
May 18, 2026
$999,000
Initial Listing
Mar 12, 2018
$225,000
Public Record