701 Normandy, Bakersfield, CA 93306, Bakersfield, 93306 - 5 bed, 0 bath
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701 Normandy
Bakersfield, CA 93306
ACTIVE UNDER CONTRACT
CONDITION: GOOD
5Beds
0Baths
2,444Sq Ft
0Lot Size
Property Price
LIST PRICE$559,999
EST. MARKET VALUE
$544,279
SUMMARY
This Triplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $559,999—positioned above the $544,279 Fair Market Value. While priced slightly above market, the property offers a Good Condition Rating with a fully remodeled 3-bedroom main residence and two additional units, two of which are expected to be delivered vacant. Featuring a spacious patio and high parking capacity, this property is perfectly suited for Buy-and-Hold Investors or Owner-Occupants utilizing a house-hacking strategy to offset mortgage costs through immediate rental income.
Estimated Market Value
$544,279
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Normandy Subject 5 bd · 0 ba · 2,444 sqft · $223 | $559,999* List Price | 5 | 0 | 2,444 | $223 | - |
A 2819 Monterey Active 6 bd · 4 ba · 2,054 sqft · $192 · 1.0 mi | $395,000 List Price | 6 | 4 | 2,054 | $192 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
The main 3-bedroom home features a recent high-quality remodel (<5 years) with updated flooring, recessed lighting, and modernized kitchen and bathrooms. While the structure dates back to 1958 and some secondary units retain older elements like wood paneling, the property is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Multi-Unit Versatility
As a triplex with two units expected to be delivered vacant, this property offers immediate rental income potential or a perfect 'house-hacking' opportunity for an owner-occupant to offset their mortgage.
- Modernized Main Residence
The primary 3-bedroom, 2-bathroom home has been extensively remodeled with contemporary flooring, recessed lighting, and a renovated kitchen featuring stainless steel appliances.
- High Parking Capacity
The property features ample parking space, a significant advantage for multi-family dwellings that enhances tenant convenience and reduces street congestion.
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. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
- Vintage Infrastructure
Built in 1958, the property may have aging core systems such as plumbing or electrical that could require maintenance or upgrades despite the cosmetic renovations.
- Inconsistent Unit Condition
While the main house is beautifully remodeled, the lack of detail regarding the condition of the third unit suggests potential additional capital expenditure may be needed to reach full market rent.
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
- Residential Income
- Year Built
- 1958
- Lot Size
- -
Interior
- Total Bedrooms
- 5
- 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 | 5.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 2,444 | 3,050.111 |
| Lot Size | - | 8,743.333 |
| Price | $560.0K | $480.4K |
| Price per sq ft | $229 | $188 |
| Built year | 1958 | 1966 |
| HOA | $0 | $0 |
| Days on market | 50 | 84 |
Pricing History
Listed for Sale
Sep 4, 2026
$559,999
Initial Listing
Sold
Jan 30, 2023
$410,000
Public Record