905 Castro Lane, Bakersfield, CA 93304, Bakersfield, 93304 - 0 bed, 0 bath
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Bakersfield, CA 93304
This Income-Producing Duplex is listed at $550,000, representing a stable residential asset positioned near its $514,028 Fair Market Value. Boasting a Condition Rating of 4, the property features two fully occupied units with separate electric and gas meters, significantly reducing landlord overhead. The substantial 2,835 sq. ft. living space and 11,326 sq. ft. lot provide a competitive edge in the local market. Located near Evergreen Elementary and West High School, this property offers immediate cash flow with modernization upside. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a reliable multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 905 Castro Lane Subject | $550,000* List Price | 0 | 0 | 2,835 | $181 | - |
A 1724 Terrace Active | $493,000 List Price | 0 | 0 | 2,385 | $207 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old. While the exterior appears maintained and the units are fully occupied/functional, the lack of mentioned updates to the kitchens, bathrooms, or major systems suggests the interior is dated and requires minor repairs or modernization to meet current market standards.
The property is fully occupied and features a desirable unit mix of a 3-bedroom/2-bathroom unit and a 2-bedroom/1.75-bathroom unit, providing immediate rental income for investors.
Each unit is equipped with its own separate electric and gas meters, as well as individual washer/dryer hookups, significantly reducing landlord overhead and simplifying management.
With 2,835 square feet of living area on a generous 11,326 square foot lot, the property offers spacious accommodations that are highly competitive for the duplex market.
Built in 1963, the structure may require ongoing maintenance or capital expenditures for aging systems and cosmetic updates to remain competitive in the rental market.
The current list price of $550,000 reflects a massive appreciation from its 2019 sale price of $150,000, which may lead to appraisal challenges or lower-than-expected cap rates.
Great income-producing duplex in nice area of Bakersfield! Fully occupied!! One of the units is three bedrooms and two bathrooms! The other Unit is 2 bedrooms and 1.75 Baths! 2835 sq. ft. of living space. Each unit has it's own Electric and Gas meter. Each unit has washer/dryer hookups! Great location near restaurants, shops, and parks! Take advantage of this Great Investment Opportunity!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-6 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,835 | 1,881 | 67% |
| Lot Size | 11,326 | 7,489 | 67% |
| Price | $550.0K | $290.0K | 67% |
| Price per sq ft | $194 | $154 | 67% |
| Built year | 1963 | 1950 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 158 | 158 | 67% |
Jan 7, 2026
$550,000
Initial Listing
Jun 25, 2019
$150,000
Public Record
Jun 26, 2013
$175,000
Public Record
May 30, 2002
$162,000
Public Record