7000 N Half Moon Drive, Bakersfield, CA 93309, Bakersfield, 93309 - 0 bed, 0 bath
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Bakersfield, CA 93309
This Strategic Multi-Family Asset is listed at $765,000—positioned below the $766,500 Fair Market Value by 0.2%, providing $1,500 in Instant Equity. Boasting a Condition Rating of 3, the property features significant capital improvements, including renovations to three units and fresh exterior paint. High-demand amenities like Private Backyards, Patios, and Dedicated Garages ensure strong tenant retention and competitive rental rates. With rents currently below market levels, the asset offers a clear value-add path for forced appreciation. Ideal for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7000 N Half Moon Drive Subject | $765,000* List Price | 0 | 0 | 4,022 | $191 | - |
A 6912 N Half Moon Active | $770,000 List Price | 0 | 0 | 4,022 | $191 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained fourplex that has undergone significant recent capital improvements. While originally built in 1982, three of the four units have been renovated with modernized interior finishes including new flooring and paint. The exterior shows very well in images with fresh paint, new privacy fencing, updated garage doors, and mature, tidy landscaping. It is move-in ready with no immediate major renovations required for the updated units, though one unit remains unrenovated and major systems are aging.
Significant upgrades including renovations to three units, fresh exterior paint, and new privacy fencing reduce immediate capital expenditure requirements for a new owner.
The property features rare amenities for a multi-family asset, including private backyards, dedicated garage parking, and in-unit washer/dryer hookups, which drive tenant retention.
With current rents positioned below market levels, there is a clear opportunity to increase the capitalization rate and overall property valuation through strategic lease renewals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13370, other record lot size in square feet = 13503.
One of the four units remains unrenovated, requiring additional investment and management oversight to bring the entire asset to a uniform, modernized standard.
Built in 1982, the property may soon require maintenance or replacement of original infrastructure components, such as plumbing or HVAC systems, not covered in the recent cosmetic upgrades.
Positioned in a premier Southwest Bakersfield location, 7000 N Half Moon Dr represents an exceptional opportunity to acquire a well-maintained four-unit investment property with strong income potential. Showcasing attractive curb appeal, mature landscaping, and extensive recent upgrades, this asset is ideally suited for both seasoned and first-time investors. The property features a desirable unit mix consisting of one expansive three-bedroom, one-and-a-half-bath residence and three well-proportioned two-bedroom, one-bath units. Each residence offers a private backyard, providing an ideal setting for outdoor enjoyment, along with dedicated garage parking. The three-bedroom unit includes a two-car garage, while each two-bedroom unit benefits from a one-car garage in addition to assigned parking. Significant capital improvements have been completed, including renovations to three of the four units, fresh exterior paint, new privacy fencing, updated garage doors, and modernized interior finishes such as flooring and paint. All units are equipped with washer and dryer hookups, enhancing tenant convenience and appeal. With rents currently below market levels, the property presents a compelling value-add opportunity with substantial upside in rental income. Its strategic location offers close proximity to quality schools, parks, dining, and convenient freeway access, further strengthening its long-term investment appeal. This is a rare opportunity to secure a competitively priced fourplex in one of Southwest Bakersfield’s most desirable submarkets.
No exterior & parking available.
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 | 4,022 | 2,011 | 50% |
| Lot Size | 13,370 | 12,864 | 50% |
| Price | $765.0K | $762.5K | 50% |
| Price per sq ft | $190 | $95 | 50% |
| Built year | 1982 | 1980 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 131 | 50% |
Mar 31, 2026
$765,000
Initial Listing
May 12, 2005
$550,000
Public Record
Aug 3, 2001
$183,000
Public Record
Jan 25, 1996
$192,500
Public Record