$ 1,600,000
-
$1,600,000
Price -
0
Bed - Bath
-
7,293
SqFt
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About the Listing IVTARG - IVRODRANT
This 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.
Listing Highlights for 1612 1st St
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 11-15 Units/Acre,Corner Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 01029011000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1612 1st St Bakersfield, CA 93304
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