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Listed by ANTHONY RODRIGUEZ, DRE #01878752 • THE ASSOCIATES REALTY GROUP
$ 1,600,000
Est. payment /mo
Pending
1612 1st ST Bakersfield, CA 93304
0.63 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRIV26020349
Year Built 1940
Lot Size 0.630 Acres
Source California Regional MLS
Property Description
This charming Spanish-style 10-unit apartment property in Bakersfield presents a rare and beautiful value-add investment opportunity. The property features distinctive Spanish cottage architecture with red-tile roofs, arched entryways, and lush landscaping that exudes curb appeal and timeless character. Each unit is thoughtfully designed with spacious layouts and classic details that attract quality tenants. With strong in-place cash flow, the investor can enjoy immediate income from a stabilized rental base in a high-demand submarket. What sets this opportunity apart is the significant upside potential through the conversion of eight detached garages. The investor has the option to create new revenue streams by converting the garages into rentable accessory dwelling units (ADUs), tapping into the growing demand for affordable housing in Bakersfield. Alternatively, the garages can be leased as storage units for additional monthly income. This flexible value-add strategy offers both immediate and long-term income growth, making it an ideal opportunity for a savvy investor looking to capitalize on both yield and appreciation in a growing Central Valley market.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Cooling Window / Wall Unit
Laundry Community Facility
Exterior
Garage Spaces 8.0
Pool None
View None
Roof Type Tile
Others
Tax ID 01029011000
Special Listing Condition Not Applicable
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