Contact Xavier Gomez
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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#: IV25165693 ( Multi Family )
- 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
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DescriptionThis charming Spanish style 10 unit apartment property in Bakersfield presents a rare and beautiful value add investment opportunity. Theproperty features distinctive Spanish cottage architecture with red tile roofs, arched entryways, and lush landscaping that exudes curb appeal andtimeless character. Each unit is thoughtfully designed with spacious layouts and classic details that attract quality tenants. With strong in placecash flow, the investor can enjoy immediate income from a stabilized rental base in a high demand submarket. What sets this opportunity apart isthe significant upside potential through the conversion of eight detached garages. The investor has the option to create new revenue streams byconverting 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 andlong term income growth, making it an ideal opportunity for a savvy investor looking to capitalize on both yield and appreciation in a growingCentral Valley market.
Features
Additional Parcels Description
- 01029010007
Assetclass
- Multi-Family
Building Area Total
- 7293.00
Commoninterest
- None
Country
- US
Current Financing
- Conventional
Fencing
- Wood
Land Use
- Multi-Family
Laundry Features
- Community
Laundry Income
- 1200.00
Netoperatingincome
- 97544.00
Parcel Number
- 01029011000
Property Type
- Multi Family
Totalmonthlyrent
- 11714
Year Built
- 1940
Year Built Source
- Public Records

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