This property is in contract. Ask the listing team about current availability and backup offers.
Browse active properties nearby1612 1st Street
Bakersfield, CA 93304
$1,600,000
- 0.63 acres
- Built 1940
Listed by THE ASSOCIATES REALTY GROUP · MLS #IV26020349
Property photos are not available.
A FEW THINGS TO NOTICE
What stands out.
Additional spaces
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.
Year built
Built in 1940.
Garage parking
8 garage spaces listed.
Highlights from the listing description and property details. Confirm features with the listing agent.
THE PROPERTY
Get to know the property.
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.
THE NEIGHBORHOOD
Explore the location.
1612 1st Street, Bakersfield, CA 93304
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THE DETAILS
The details, all in one place.
- Property type
- ResidentialIncome
- Category
- Residential
- Year built
- 1940
- Garage spaces
- 8
- Cooling
- WallWindowUnits
- Flooring
- Vinyl,Wood
- Pool
- No
- Pool features
- None
- Parcel
- 01029011000
Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.
ERA PROPERTY MANAGEMENT
See its potential.
Have a plan for what follows.
Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.
Understand the opportunity.
Review rental pricing, property condition and your ownership goals with a local professional.
Make a strong first impression.
Bring together property preparation, professional marketing and applicant screening.
Stay connected to your investment.
Get support with rent collection, resident communication, maintenance coordination and owner reporting.
LOCAL PEOPLE. SHARED COMMITMENT.
A team behind your next step.
From your first question to the everyday work of ownership, a conversation with the right person makes a difference.
Meet ERA Property ManagementResidential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.
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1612 1st Street, Bakersfield, CA 93304 · MLS #IV26020349
More in Bakersfield.
$315,000
$350,000
$289,999Listing information
MLS #IV26020349 · California Regional MLS
Listing brokerage: THE ASSOCIATES REALTY GROUP
Listing agent: ANTHONY RODRIGUEZ
Listing status: In Contract. Record updated . Confirm current availability and price with the listing agent.
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