Contact Xavier Gomez
Schedule A Showing
1612 1st Street, Bakersfield, CA 93304
Priced at Only: $1,650,000
For more Information Call
Mobile: 714.478.6676
Address: 1612 1st Street, Bakersfield, CA 93304
Property Photos

Property Location and Similar Properties
- MLS#: IV25164851 ( Commercial/Residential )
- Street Address: 1612 1st Street
- Viewed: 4
- Price: $1,650,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1940
- Bldg sqft: 0
- Days On Market: 28
- Additional Information
- County: KERN
- City: Bakersfield
- Zipcode: 93304
- Provided by: THE ASSOCIATES REALTY GROUP
- Contact: ANTHONY ANTHONY
- DMCA Notice
-
DescriptionThis 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.
Features
Additional Parcels Description
- 01029010007
Building Area Total
- 7293.00
Commoninterest
- None
Common Walls
- 1 Common Wall
Cooling
- Wall/Window Unit(s)
Country
- US
Electric
- Standard
Electric Expense
- 1026.00
Entry Location
- courtyard
Flooring
- Vinyl
- Wood
Fuel Expense
- 0.00
Garage Spaces
- 8.00
Insurance Expense
- 3647.00
Laundry Features
- Community
Levels
- Two
Lockboxtype
- None
Lot Features
- Corner Lot
- Near Public Transit
Netoperatingincome
- 97544.00
Number Of Separate Electric Meters
- 11
Number Of Separate Gas Meters
- 11
Parcel Number
- 01029011000
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Commercial/Residential
Roof
- Spanish Tile
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 443574921:CRM
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 39971.00
Trash Expense
- 3360.00
View
- None
Water Sewer Expense
- 3000.00
Year Built
- 1940
Year Built Source
- Other

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com