901 Wilson, Bakersfield, CA 93308, Bakersfield, 93308 - 3 bed, 2 bath
ACTIVE$292,000$1,308/sqft
901 Wilson, Bakersfield, CA 93308
3Beds
2Baths
1,308Sqft
7,460Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Property: The property features two distinct residential units on a single parcel, with one unit already tenant-occupied, providing immediate rental income and investment potential.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7460, other record lot size in square feet = 7405.
Compared to the nearby listings
Price:$292.0K vs avg $406.0K ($-114,000)33%
Size:1,308 sqft vs avg 1,989 sqft33%
Price/sqft:$223 vs avg $20467%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952, the property shows its age, particularly in the unit depicted in the images (901 Wilson Ave). While there are cosmetic updates like wood-look tile flooring and fresh paint, the kitchen features older white cabinets, basic countertops, and dated white appliances. The bathroom also presents an older vanity, fixtures, and tile. Although the description notes a new roof and HVAC for the other unit (1111 Airport Dr.), the visible unit requires minor updates to modernize the kitchen and bathrooms, aligning with a 'Fair' condition.
Year Built
1952
Close
-
List price
$292K
Original List price
-
Price/Sqft
$223
HOA
$0
Days on market
-
Sold On
-
MLS number
PW25252486
Home ConditionFair
Features
View-
About this home
Two house on 1 parcel. 901 Wilson Ave consists of 2 bedrooms 1 full bath. Detached structure may be converted into an ADU. 1111 Airport Dr. is a 1 bedroom, 1 full bathroom and its currently tenant occupied. New roof and HVAC unit for 1111 Airport. Each house has its separate gas meter and electric meter. 1 flat rate water meter for both houses.
S
Steven Mironowski
Listing Agent
Price History
Date
Event
Price
01/16/18
Sold
$122,500
05/15/08
Sold
$120,000
01/30/04
Sold
$90,000
Condition Rating
Fair
Built in 1952, the property shows its age, particularly in the unit depicted in the images (901 Wilson Ave). While there are cosmetic updates like wood-look tile flooring and fresh paint, the kitchen features older white cabinets, basic countertops, and dated white appliances. The bathroom also presents an older vanity, fixtures, and tile. Although the description notes a new roof and HVAC for the other unit (1111 Airport Dr.), the visible unit requires minor updates to modernize the kitchen and bathrooms, aligning with a 'Fair' condition.
Pros & Cons
Pros
Income-Generating Property: The property features two distinct residential units on a single parcel, with one unit already tenant-occupied, providing immediate rental income and investment potential.
ADU Conversion Potential: A detached structure on the property presents a clear opportunity for conversion into an Accessory Dwelling Unit (ADU), significantly enhancing rental income capacity and overall property value.
Separate Utility Metering: Each house benefits from individual gas and electric meters, streamlining utility billing for tenants and simplifying property management.
Recent Major Upgrades on One Unit: The 1111 Airport Dr. unit has recently received a new roof and HVAC system, reducing immediate capital expenditure and maintenance concerns for that portion of the property.
No Association Fees: The absence of homeowner association fees contributes to lower ongoing ownership costs, making it a more attractive investment.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7460, other record lot size in square feet = 7405.
Shared Water Meter: Both residential units share a single flat-rate water meter, which could lead to complexities in billing tenants for water usage or potential disputes.
Property Age and Potential for Updates: Built in 1952, the property's age suggests that the unit not explicitly mentioned with recent upgrades (901 Wilson Ave) may require significant renovation or system updates.
Unspecified Condition of Primary Unit: The property description lacks specific details regarding the current condition or recent upgrades of the 901 Wilson Ave unit, implying potential for unforeseen repair or renovation costs.