905 Castro Lane, Bakersfield, CA 93304, Bakersfield, 93304 - bed, bath
ACTIVE$550,000$2,835/sqft
905 Castro Lane, Bakersfield, CA 93304
0Bed
0Bath
2,835Sqft
11,326Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Established Income Stream: The property is a fully occupied duplex, offering immediate and consistent rental income, making it an attractive investment.
Top Cons:
Property Age: Built in 1963, the property is over 60 years old, which may necessitate future capital expenditures for updates to major systems or cosmetic renovations.
Compared to the nearby listings
Price:$550.0K vs avg $1.55M ($-1,000,000)50%
Size:2,835 sqft vs avg 11,697.5 sqft50%
Price/sqft:$194 vs avg $15950%
More Insights
Built in 1963 (63 years old).
Condition: Built in 1963, this property is over 60 years old. While it is fully occupied and income-producing, suggesting it is functional and livable, there is no mention of recent major renovations. The exterior image shows an older style consistent with its age. Given the age and lack of renovation details, it's highly probable that the kitchen and bathrooms feature outdated styles and components, requiring future updates and capital expenditures as noted in the property analysis. It is not in a state of significant disrepair to be considered 'Poor' or 'Tear-down', but it certainly does not meet 'Good' or 'Excellent' standards due to its age and likely outdated systems and aesthetics.
Year Built
1963
Close
-
List price
$550K
Original List price
-
Price/Sqft
$194
HOA
$0
Days on market
-
Sold On
-
MLS number
SW26004208
Home ConditionFair
Features
View-
About this home
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!
J
Jose Zepeda
Listing Agent
Nearby schools
4/10
Evergreen Elementary School
Public,•K-5•0.2mi
4/10
Frank West Elementary School
Public,•K-5•1.0mi
5/10
Amy B. Seibert Elementary School
Public,•K-6•1.2mi
3/10
Curran Middle School
Public,•6-8•0.7mi
3/10
Fred L. Thompson Junior High School
Public,•7-8•1.7mi
4/10
West High School
Public,•9-12•1.5mi
4/10
South High School
Public,•9-12•1.9mi
Price History
Date
Event
Price
06/25/19
Sold
$150,000
06/26/13
Sold
$175,000
05/30/02
Sold
$162,000
Condition Rating
Fair
Built in 1963, this property is over 60 years old. While it is fully occupied and income-producing, suggesting it is functional and livable, there is no mention of recent major renovations. The exterior image shows an older style consistent with its age. Given the age and lack of renovation details, it's highly probable that the kitchen and bathrooms feature outdated styles and components, requiring future updates and capital expenditures as noted in the property analysis. It is not in a state of significant disrepair to be considered 'Poor' or 'Tear-down', but it certainly does not meet 'Good' or 'Excellent' standards due to its age and likely outdated systems and aesthetics.
Pros & Cons
Pros
Established Income Stream: The property is a fully occupied duplex, offering immediate and consistent rental income, making it an attractive investment.
Independent Utilities: Each unit benefits from separate electric and gas meters, simplifying tenant billing and reducing landlord utility management responsibilities.
Tenant-Friendly Amenities: Both units are equipped with convenient washer/dryer hookups, a highly desirable feature that enhances tenant appeal and retention.
Prime Location: Situated in a desirable area of Bakersfield, the property offers excellent proximity to restaurants, shops, and parks, boosting its rental demand.
Generous Living Space: With 2835 sq. ft. of living space, including a 3-bedroom unit, the property provides ample room, appealing to a wider range of potential tenants.
Cons
Property Age: Built in 1963, the property is over 60 years old, which may necessitate future capital expenditures for updates to major systems or cosmetic renovations.
Significant Price Appreciation: The current list price of $550,000 represents a substantial increase from previous sales, warranting careful market analysis and comparable sales review to justify the valuation.
Unspecified HVAC System: The property description does not mention the presence or condition of heating or air conditioning systems, which is a critical consideration for tenant comfort and property value in Bakersfield's climate.