713 Iris Street, Bakersfield, CA 93308, Bakersfield, 93308 - bed, bath
713 Iris Street
Bakersfield, CA 93308
Property Price
SUMMARY
Analysis of 713 Iris Street, Bakersfield, CA 93308 is currently available with a list price of $490,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
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the visible window-mounted evaporative cooler contradicts the 'central AC' mentioned in the description, indicating an outdated cooling system or a discrepancy in the listing.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.
PROSSTRENGTHS & OPPORTUNITIES
- 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.
CONSRISKS & DEFICIENCIES
- 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.
About 713 Iris Street
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1963
- Lot Size
- 6,425 Sq. Ft.
Interior
- Total Bedrooms
- -
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | - | 1,655 | 33% |
| Lot Size | 6,425 | 6,534 | 33% |
| Price | $490.0K | $490.0K | 50% |
| Price per sq ft | $0 | $192 | 33% |
| Built year | 1963 | 1963 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 185 | 149 | 0% |
Pricing History
Listed for Sale
Sep 3, 2025
$490,000
Initial Listing
Sold
Jun 25, 2024
$390,000
Public Record
Sold
Oct 6, 2020
$190,000
Public Record
Sold
Apr 9, 2004
$194,500
Public Record