1612 1st Street, Bakersfield, CA 93304

Bakersfield
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1612 1st Street,Bakersfield, CA 93304
$1,600,000
  • - Beds
  • - Baths
  • 7,293 sq. ft.
  • Multi-family
  • Pending
Listed by: anthony rodriguez
Office: the associates realty group844-504-4965
MLS#:IV26020349
Source:CRMLS

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$219.39

About this home

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....

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1940
  • Listing ID #:IV26020349
  • Added:243 day(s) ago
  • Updated:September 29, 2026 at 09:39 AM

Rooms and interior

  • Flooring:Vinyl, Wood
  • Living area:7,293 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Roof:Spanish Tile
  • Year built:1940
  • Building area:7,293 sq. ft.
  • Lot area:0.63 Acres
  • Lot Features:Corner Lot, Near Public Transit
  • Levels:2 Story

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$219.39

Parking

  • Total parking spaces:8
  • Garage:Yes
  • Garage spaces:8
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Better Homes and Gardens Real Estate Property Shoppe is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Property Shoppe, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 1612 1st Street