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$1,600,000
 $8,589 est/mo Sourced by Back At You

1612 1st Street,Bakersfield, CA 93304

Bakersfield, CA 93304

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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.

Details

MLS #IV26020349
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year1940
Days On Site238
Listing Provided ByTHE ASSOCIATES REALTY GROUP | ANTHONY RODRIGUEZ

Features

SQ Feet7,293
Garage8
Story(s)2
Units10
Building(s)8
Acreage0.63
Property ViewNone

Interior

CoolingWall Window Units
Cooling Yes / NoYes

Exterior

RoofSpanish Tile
Lot FeaturesCorner Lot, Near Public Transit

Parking

Garage Yes / NoYes

Utilities

ElectricStandard
SewerPublic Sewer

Location

Community FeaturesSuburban

Area Information

StateCA
CountyKern
CityBakersfield
Zip Code93304
AreaBKSF Bakersfield
Listing VS Median (in 93304)
Price:
$1,600,000
low | high
Med:
$324,475
100% of Average
sqft:
7,293
low | high
Med:
1,443
100% of Average
$ / sqft:
$219
low | high
Med:
$231
44.711006776666% of Average
On site:
238
low | high
Med:
117.5
100% of Average
Sourced by Back At You

Market Activity 93304

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Additional Information

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Learn More About This Property

Desert Lifestyle Properties

Desert Lifestyle Properties

 (760) 818-7518info@desertlifestyleproperties.com
StateCA
CountyKern
CityBakersfield
Zip Code93304
AreaBKSF Bakersfield
Listing VS Median (in 93304)
Price:
$1,600,000
low | high
Med:
$324,475
100% of Average
sqft:
7,293
low | high
Med:
1,443
100% of Average
$ / sqft:
$219
low | high
Med:
$231
44.711006776666% of Average
On site:
238
low | high
Med:
117.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.2M - $2M
sqft: 5,000 - 9,000
Nearby Listings Property ImageNearby Listings Details
1440 2nd Property Photo 1
$1,500,000
1440 2nd
Bakersfield, CA 93304
Listing Updated: August 21, 2026 at 10:53:44 PM PDT
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