1612 1st Street, Bakersfield, CA 93304

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1612 1st Street,Bakersfield, CA 93304
$1,600,000
  • - Beds
  • - Baths
  • 7,293 sq. ft.
  • Multi-family
  • Active
Listed by: anthony rodriguez
Office: the associates realty group
MLS#:IV25164851
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.

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Home facts

  • Year built:1940
  • Listing ID #:IV25164851
  • Added:148 day(s) ago
  • Updated:December 19, 2025 at 12:14 PM

Rooms and interior

  • 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

Utilities

  • Sewer:Public Sewer

Finances and disclosures

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