4317 Isla Verde Street, Bakersfield, CA 93301, Bakersfield, 93301 - 9 bed, 6 bath
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Bakersfield, CA 93301
This Premier 4-Unit Income Asset is listed at $799,000, representing a stabilized acquisition relative to the $729,211 Fair Market Value. The property features a favorable unit mix of three 2-bedroom and one 3-bedroom units, complemented by a canal and golf course view. Despite its Dated Condition Rating, the Exemption from Rent Control provides a significant strategic advantage for adjusting rents to market rates and maximizing long-term ROI. With a rare 5% down payment option, this asset is an ideal entry point for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack in a high-demand rental corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4317 Isla Verde Street Subject | $799,000* List Price | 9 | 6 | 4,176 | $175 | - |
A 634 33rd A Active | $610,000 List Price | 0 | 0 | 3,200 | $191 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1981 (43 years old), placing it in the dated category. While the listing describes it as well-maintained, the exterior stucco, roof, and utility systems (gas/electric meters) appear original to the 1980s. The lack of interior photos for kitchens and bathrooms, combined with the age, suggests the units likely require cosmetic updates and minor repairs to meet modern rental standards.
The property is not subject to rent control, providing investors with the flexibility to adjust rents to market rates and significantly enhance long-term yield.
Comprising three 2-bedroom/2-bathroom units and one 3-bedroom/2-bathroom unit, the property offers spacious layouts that attract stable, long-term tenants and families.
The availability of a 5% down payment option makes this a rare and accessible opportunity for first-time investors or owner-occupants to acquire a multi-unit asset.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10262, other record lot size in square feet = 10454. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 8.
The property was sold for $645,000 in late 2023; the current $799,000 asking price represents a sharp increase that may compress initial capitalization rates.
The use of a garage conversion to maximize rental income may pose potential risks regarding building code permits and reduces the amount of covered parking available to tenants.
PREMIER 4-UNIT INCOME ASSET | HIGH YIELD | NO RENT CONTROL to ALL First Home Buyers / Investors Presenting a rare opportunity to acquire a high-performing multi-unit investment property located at 4317 Isla Verde St., Bakersfield, CA 93301. This well-positioned asset delivers strong in-place income with additional upside, making it an ideal addition to any investor's portfolio.Set on an expansive 10,000 sq ft lot, the property features a desirable unit mix consisting of three 2-bedroom, 2-bathroom units and one larger 3-bedroom, 2-bathroom unit, with added value from a garage conversion maximizing rental potential.The property benefits from consistent tenant demand, low vacancy exposure, and efficient operating expenses. The absence of rent control allows for strategic rent adjustments, further enhancing long-term yield and overall return on investment.Additional income is generated through an on-site laundry facility, while features such as private garage parking, ample street parking, and maintained interiors contribute to tenant retention and operational stability.Ideally located near major freeways, shopping centers, and daily conveniences, this asset offers both immediate cash flow and long-term appreciation in a growing rental market.This is a strong, stabilized investment with upside potential in a high-demand rental corridor.Well-maintained with upgrades, private garage, and ample parking. Prime location near freeway and shopping. Ideal for investors seeking high yield, low expenses, and long-term upside. With 5% down payment!! contact Listing agent for more info . Looking for your first Invetment ?
No exterior & parking available.
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 | 1981 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 28, 2026
$799,000
Initial Listing
Dec 4, 2023
$645,000
Public Record
Oct 29, 2010
$145,000
Public Record
Nov 21, 2002
$230,000
Public Record