701 Normandy, Bakersfield, CA 93306, Bakersfield, 93306 - 0 bed, 0 bath
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701 Normandy
Bakersfield, CA 93306
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,444Sq Ft
10,479Lot Size
Property Price
LIST PRICE$559,999
EST. MARKET VALUE
$563,461
SUMMARY
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $559,999—positioned well below the $563,461 Fair Market Value by 0.6%. Featuring a Mint Condition Rating for the primary residence, this property offers a turnkey main home with modern upgrades and a spacious 10,479 sqft lot. With two units delivered vacant, it provides immediate flexibility for rental income or personal use. This is an ideal acquisition for Buy-and-Hold Investors or owner-occupants seeking a high-potential house-hacking strategy.
Estimated Market Value
$563,461
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1958, the property has undergone a recent comprehensive remodel (likely <5 years) as evidenced by the modern LVP flooring, recessed lighting, updated bathrooms with new vanities, and a modernized kitchen with stainless steel appliances, placing it in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Versatility
The triplex configuration with two units delivered vacant offers an ideal 'house-hacking' opportunity for owner-occupants or immediate market-rate leasing for investors.
- Turnkey Main Residence
The primary 3-bedroom, 2-bathroom unit features modern upgrades, including stainless steel appliances and recessed lighting, minimizing immediate renovation costs.
- Ample Lot Size
Situated on a spacious 10,479 sqft lot, the property provides significant parking capacity and outdoor space, a rare and valuable feature for multi-unit residential income properties.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2444, other record living area = 2976.
- Vintage Infrastructure
Originally constructed in 1958, the property may require higher long-term maintenance for aging systems like plumbing and electrical compared to newer builds.
- Significant Price Appreciation
With a list price nearly 36% higher than its 2023 sale price, the property may face appraisal scrutiny or tighter margins for investors seeking high immediate yields.
About 701 Normandy
Live in one and let the other units help you build your future!** Welcome to 701 Normandy Dr, a great Bakersfield triplex opportunity for a first-time buyer, owner-occupant, or investor. The spacious ** 3-bedroom, 2-bath main home has been beautifully remodeled** with updated flooring, recessed lighting, an inviting kitchen with stainless steel appliances, and updated bathrooms. One additional **1 bedroom, 1 bath unit is expected to be delivered vacant**, providing flexibility for extended family or additional rental income, while the third unit adds even more income potential. Plenty of parking, plus convenient access to shopping, schools, and everyday necessities. **Three units. Two are expected to be delivered vacant. One great opportunity to live, invest, and build for the future!**
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1958
- Lot Size
- 10,479 Sq. Ft.
Interior
- Total Bedrooms
- 0
- 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
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 2,444 | 3,255.25 |
| Lot Size | 10,479 | 9,020 |
| Price | $560.0K | $503.0K |
| Price per sq ft | $229 | $185 |
| Built year | 1958 | 1968 |
| HOA | $0 | $0 |
| Days on market | 5 | 83 |
Pricing History
Listed for Sale
Sep 4, 2026
$559,999
Initial Listing
Sold
Jan 30, 2023
$410,000
Public Record