460 Oswell St, Bakersfield, CA 93307, Bakersfield, 93307 - bed, bath

460 Oswell St, Bakersfield, CA 93307 home-pic-0

460 Oswell St

Bakersfield, CA 93307

ACTIVE
CONDITION: GOOD
0Beds
0Baths
14,564Sq Ft
66,646.797Lot Size

Property Price

LIST PRICE$2,750,000

SUMMARY

Analysis of 460 Oswell St, Bakersfield, CA 93307 is currently available with a list price of $2,750,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 2010, this property is 14 years old, falling within the 'Good' category's age range (10-20 years). The listing describes it as 'turnkey' with 'tasteful upgrades,' and images show well-maintained kitchens and bathrooms with stainless steel appliances, tile flooring throughout, and functional fixtures. While the kitchen cabinets and bathroom vanities have a more traditional style and the lighting is basic, all components appear to be in good working order with minimal wear and tear, requiring no immediate renovations.

PROSSTRENGTHS & OPPORTUNITIES

  • Significant Expansion Potential

    The property includes nearly an acre of vacant land with the potential to develop an additional 19 townhouse units, offering substantial future rental income growth.

  • Newer Construction & Modern Units

    Built in 2010, the 11 townhouse-style units offer modern amenities, tasteful upgrades, private patios, and in-unit washers/dryers, appealing to high-quality tenants.

  • Strong Investment Opportunity & Income

    Currently yielding $228,200 in annual gross income with room for growth, providing immediate returns and excellent potential for portfolio expansion.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =66646, other record lot size in square feet = 63162.

  • Substantial Capital for Expansion

    While offering significant development potential, realizing the additional 19 units will require substantial further capital investment beyond the initial purchase price.

  • High Initial Investment

    The total purchase price of $2,750,000 represents a significant capital outlay, which may limit the pool of potential investors.

About 460 Oswell St

Oswell Townhouses presents an exceptional investment opportunity with a newer 2010 built property combining modern living with significant growth potential. This turnkey property comprises 11 townhouse-style units, each offering spacious 3-bedroom, 2-bath layouts that cater to the growing demand for comfortable and upscale rental options. It is rare to find a newer construction property with 3 bedroom townhouse style units. Tenants are drawn to the high-quality, condo-style living experience, complete with private patios, in-unit washers and dryers, and tasteful upgrades throughout. Furthermore, the property includes nearly an acre of land with the potential to develop an additional 19 townhouse units, dramatically increasing rental income possibilities. Currently yielding $228,200 in annual gross income with room for growth, Oswell Townhouses stands out as a prime investment for those looking to expand their portfolio with a property that offers both immediate returns and future expansion potential. Offered at a total purchase price of $2,750,000, the asset is comprised ofan 11-unit, townhouse-style apartment complex valued at $2,350,000, together with ±0.93 acres of adjacent vacant land valued at $400,000, or approximately $9.87 per square foot.

Property Details

Public Facts

Property Type
Mixed Use
Year Built
2010
Lot Size
66,646.797 Sq. Ft.

Interior

Total Bedrooms
-
Total Bathrooms
-

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
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Lot Size--
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Price per sq ft--
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Built year2010-
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HOA$0$0
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Pricing History

Listed for Sale

Jan 12, 2026

$2,750,000

Initial Listing

Sold

Dec 7, 2022

$1,800,000

Public Record

Sold

Sep 19, 2005

$350,000

Public Record

Sold

Aug 2, 2004

$155,000

Public Record

Sold

May 5, 2000

$89,000

Public Record

Sold

Dec 13, 1999

$52,500

Public Record

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