516 WATER STREET, Bakersfield, CA 93305

Bakersfield
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
516 WATER STREET,Bakersfield, CA 93305
$119,900
  • 1 Beds
  • 2 Baths
  • 640 sq. ft.
  • Single family
  • Active
Listed by: belen gonzalez
Office: kathy kotsiomitis realty
MLS#:202606900
Source:BF

Price summary

  • Price:$119,900
  • Price per sq. ft.:$187.34

About this home

Investment Opportunity, Only $119,900!Don't miss this affordable investment property with long-term tenants already in place, providing immediate rental income. The current tenants (with an excellent payment history) have occupied the home since September 2020, making this an excellent opportunity for investors seeking steady cash flow. Situated on an R-2 zoned lot, this property offers exciting future potential. The home features 3 rooms (one with a closet), a living room, 1 full bathroom, washer and dryer hookups, a carport, and RV parking. While the home does need repairs, it has been an excellent value with upside potential, conveniently located near shopping centers, schools, churches, and other everyday amenities. Whether you're looking to expand your investment portfolio or capitalize on the property's feature development potential, this is an opportunity you don't want to miss!

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Home facts

  • Year built:1942
  • Listing ID #:202606900
  • Added:14 day(s) ago
  • Updated:July 11, 2026 at 05:41 PM

Rooms and interior

  • Bedrooms:1
  • Total bathrooms:2
  • Full bathrooms:1
  • Living area:640 sq. ft.

Heating and cooling

  • Heating:Floor/Wall Unit

Structure and exterior

  • Year built:1942
  • Building area:640 sq. ft.
  • Lot area:0.16 Acres
  • Levels:1 Story

Schools

  • High school:East
  • Middle school:Washington
  • Elementary school:Noble, Myra A.

Finances and disclosures

  • Price:$119,900
  • Price per sq. ft.:$187.34

Parking

  • Parking description:Carport
“nformationdeemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2026.

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