816 East 19th Street, Bakersfield, CA 93305, Bakersfield, 93305 - 8 bed, 4 bath
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This Fourplex is a Strong Value Opportunity, listed at $660,000—positioned well below the $698,600 Fair Market Value by 5%. This valuation gap offers $38,600 in Instant Equity. Featuring a Condition Rating of 2, the property includes three recently renovated units, central AC/heat, and solar exterior lighting. While one unit requires future capital expenditure, the stable long-term tenants and onsite management ensure immediate cash flow. This asset is ideal for Buy-and-Hold Investors or Portfolio Managers seeking scalable, income-producing real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 816 East 19th Street Subject 8 bd · 4 ba · 3,660 sqft · $191 | $660,000* List Price | 8 | 4 | 3,660 | $191 | - |
A 223 Monterey Sold 0 bd · 0 ba · 3,400 sqft · $181 · 0.7 mi | $615,000 | 0 | 0 | 3,400 | $181 | 0.7 mi |
B 1304 Flower Street A-D Pending 8 bd · 4 ba · 3,432 sqft · $175 · 0.9 mi | $600,000 List Price | 8 | 4 | 3,432 | $175 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property features three recently renovated units and is equipped with modern central AC and heat in every unit, meeting the criteria for recent renovations and updated systems.
Three of the four units have been recently renovated, and all units are equipped with central AC, heating, and individual washer/dryer hookups, significantly increasing tenant retention and rental value.
The inclusion of solar exterior lighting helps minimize common area utility expenses, while onsite management and long-term tenants provide immediate stability and ease of transition for a new owner.
Situated with convenient access to Downtown Bakersfield, the property offers unique scalability as it can be bundled with adjacent parcels for a larger portfolio acquisition.
The property shares a parking area with two other buildings on the lot, which could lead to management complexities or parking disputes if the adjacent parcels are not owned by the same entity.
While three units are renovated, one unit remains in older condition, representing a discrepancy in rental income potential and a requirement for future capital expenditure to standardize the asset.
This investment Fourplex property offers strong cash flow, features long-term tenants, and includes three recently renovated units. It is equipped with solar exterior lighting to help minimize utility expenses. Given that the property shares a parking area with two other buildings on the lot, it would be an excellent candidate for a bundled portfolio acquisition. Additionally, every unit includes washer and dryer hookups, and the location provides convenient access to Downtown. Each unit is equipped with central AC and heat. The property is secure and includes onsite management to assist with maintenance and cleaning. I look forward to discussing this opportunity further. All Sharing Parcels: 4 unit - 017-140-12-00 4 unit - 017-140-11-00 2 unit - 017-140-17-00
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 7.5 |
| Baths | 4.0 | 4.0 |
| Square foot | 3,660 | 3,050.111 |
| Lot Size | 7,405 | 8,743.333 |
| Price | $660.0K | $480.4K |
| Price per sq ft | $180 | $188 |
| Built year | 0 | 1966 |
| HOA | $0 | $0 |
| Days on market | 3 | 84 |
Oct 22, 2026
$660,000
Initial Listing
Jul 12, 2019
$755,000
Public Record
Dec 7, 2018
$205,000
Public Record
Jul 1, 2011
$45,000
Public Record
Feb 28, 2003
$130,000
Public Record