713 Iris Street, Bakersfield, CA 93308, Bakersfield, 93308 - bed, bath
ACTIVE$490,000/sqft
713 Iris Street, Bakersfield, CA 93308
0Bed
0Bath
Sqft
6,425Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Asset: As a triplex, the property offers multiple rental income streams, making it an attractive investment for cash flow.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6425, other record lot size in square feet = 6534.
Compared to the nearby listings
Price:$490.0K vs avg $490.0K (+$0)50%
Size: sqft vs avg 1,989 sqft33%
Price/sqft:$0 vs avg $16233%
More Insights
Built in 1963 (63 years old).
Condition: Built in 1963, this property is over 60 years old. While the exterior appears maintained, the visible window-mounted evaporative cooler contradicts the 'central AC' mentioned in the description, indicating an outdated cooling system or a discrepancy in the listing. Without interior photos, it's reasonable to assume the kitchen and bathrooms are also dated, consistent with the property's age. The property likely requires minor updates and modernization to meet current quality standards.
Year Built
1963
Close
-
List price
$490K
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25197910
Home ConditionFair
Features
Patio
View-
About this home
Each unit has 2 bedrooms and 1 bath plus central AC, a private yard and ample parking in the front and rear via alley access.
R
Roger Magana
Listing Agent
Price History
Date
Event
Price
06/25/24
Sold
$390,000
10/06/20
Sold
$190,000
04/09/04
Sold
$194,500
Condition Rating
Fair
Built in 1963, this property is over 60 years old. While the exterior appears maintained, the visible window-mounted evaporative cooler contradicts the 'central AC' mentioned in the description, indicating an outdated cooling system or a discrepancy in the listing. Without interior photos, it's reasonable to assume the kitchen and bathrooms are also dated, consistent with the property's age. The property likely requires minor updates and modernization to meet current quality standards.
Pros & Cons
Pros
Income-Generating Asset: As a triplex, the property offers multiple rental income streams, making it an attractive investment for cash flow.
Tenant-Friendly Amenities: Each unit is equipped with central AC and a private yard, significantly enhancing tenant comfort and market appeal.
Abundant Parking: The property provides ample parking in both the front and rear, with convenient alley access, a valuable feature for multi-unit residences.
Optimal Unit Layout: Each unit features a 2-bedroom, 1-bath configuration, which is a highly desirable and versatile layout for a broad tenant base.
Demonstrated Appreciation: The property's sales history indicates significant value growth, suggesting strong investment potential and market demand.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6425, other record lot size in square feet = 6534.
Property Age: Built in 1963, the property is over 60 years old, which may lead to higher maintenance costs and potential need for system upgrades.
Aggressive Pricing: The current list price of $490,000 represents a substantial increase from its June 2024 sale price of $390,000, warranting thorough market analysis for justification.
Owner Maintenance Burden: Without an association, the owner is solely responsible for all maintenance and repairs across three units, which can be a significant ongoing commitment.