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707 Sterling, Bakersfield, California 93534, Bakersfield, 93534 - bed, bath

707 Sterling, Bakersfield, California 93534 home-pic-0
ACTIVE$515,000
707 Sterling, Bakersfield, California 93534
0Bed
0Bath
3,600Sqft
7,500Lot
Year Built
1982
Close
-
List price
$515K
Original List price
$550K
Price/Sqft
$143
HOA
-
Days on market
-
Sold On
-
MLS number
PW25218757
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $515.0K(50th), sqft - 3600(90th), beds - undefined(50th), baths - undefined(50th).

BACK ON THE MARKET, JUST CANCELLED ESCROW AT NO FAULT OF SELLER. IF BUYER WOULD TAKE IT AT THIS PRICE OF 515K BUYER TO COVER ALL CLOSING COSTS AND AGENT COMISSIONS SELLER OWES 510K PLUS PAYOFF FEES, THERE IS NO EQUITY AT THIS PRICE. IF BUYER WOULD LIKE SELLER TO COVER ALL FEES OFFER COULD NOT BE LESS THEN 540,000 Fantastic investment opportunity in Bakersfield! This well-maintained 4-unit property features spacious 2-bedroom, 1-bathroom units, each equipped with in-unit laundry and efficient mini-split systems for heating and cooling. The property offers shared parking conveniently located adjacent to the neighboring condo complex. A key highlight is that this property meets FHA self-sufficiency requirements, providing excellent financing options for both investors and potential owner-occupants. With strong rental demand and modern amenities, 707 Sterling Rd is a perfect addition to any portfolio.

Price History

Date
Event
Price
11/11/25
Price Change
$515,000-6.4%
09/16/25
Listing
$550,000
Condition Rating
Fair
Built in 1982, this property is well-maintained for its age. It benefits from significant functional upgrades such as efficient mini-split heating/cooling systems and updated laminate flooring in many areas. However, the kitchens feature older-style wood cabinets, basic countertops, and functional but dated white appliances. Bathrooms are also functional with basic vanities and some older tile work, though one shower appears to have a more modern tile surround. Popcorn ceilings are visible, indicating that while some systems and surfaces have been updated, a full cosmetic renovation has not occurred recently. The property is move-in ready and functional but requires minor cosmetic updates in kitchens and bathrooms to align with current styles.
Pros & Cons

Pros

Multi-Unit Investment: This quadruplex property offers four distinct income-generating units, providing diversified rental income streams for investors.
FHA Self-Sufficiency Qualified: The property meets FHA self-sufficiency requirements, opening up favorable financing options for a broader range of buyers, including owner-occupant investors.
Modern Unit Amenities: Each unit is equipped with highly desirable features such as in-unit laundry and efficient mini-split systems for heating and cooling, enhancing tenant appeal and comfort.
Spacious Units: The 2-bedroom, 1-bathroom units are described as spacious (approximately 900 sqft each), which is attractive to potential tenants.
Well-Maintained Property: The property is explicitly stated as 'well-maintained,' suggesting a lower likelihood of immediate major repairs or capital expenditures for a new owner.

Cons

Cancelled Escrow & Seller's Financial Position: The property is back on the market due to a cancelled escrow, and the seller's explicit statement about having no equity at the current price and requiring the buyer to cover all closing costs and commissions indicates potential financial distress or transaction complexities.
Unfavorable Buyer Cost Structure: The seller's demand for the buyer to cover all closing costs and agent commissions at the current list price significantly increases the buyer's upfront expenditure, making the deal less attractive compared to standard terms.
Recent Price Reduction: The property has undergone a price reduction from $550,000 to $515,000, which, combined with the cancelled escrow, may suggest initial overpricing or unresolved issues that deterred previous buyers.

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