Old Town Kern Homes under $500,000

Welcome to Old Town Kern, a charming neighborhood nestled in the heart of Bakersfield, California. Known for its rich history and vibrant community spirit, Old Town Kern offers a delightful blend of old-world charm and modern convenience. With tree-lined streets, historic architecture, and a warm sense of community, this neighborhood is perfect for families, young professionals, and retirees alike.

One of the standout features of Old Town Kern is its affordability. With a variety of homes available for under $500,000, this area presents an incredible opportunity for homebuyers looking to invest in a thriving community without breaking the bank. Whether you're seeking a cozy bungalow or a spacious family home, Old Town Kern has something to suit every taste and budget.

Residents of Old Town Kern enjoy easy access to local parks, shops, and restaurants, making it an ideal place for those who appreciate a walkable lifestyle. The neighborhood boasts a rich cultural scene, with art galleries, music venues, and community events that foster a sense of belonging among its residents. Additionally, the area’s proximity to downtown Bakersfield means that all the amenities of city life are just a short drive away.

In Old Town Kern, you’ll find a welcoming community that values both tradition and progress. With its affordable housing options, rich history, and vibrant atmosphere, it’s no wonder that this neighborhood is becoming one of the most sought-after areas in Bakersfield. Come explore Old Town Kern, where your dream home awaits!

Newest Old Town Kern Homes under $500,000

$289,999

Price just reduced-wow! 2 homes on a lot.....This fully remodeled 2BD/1BA home features a brand-new kitchen with farmhouse sink, fresh tile work, and an updated bath with new vanity. Indoor laundry room with hookups included. At the rear of the 7,405 SF lot sits a permitted 2BD/1BA ADU with its own private entrance, paved yard, galley kitchen, and in-unit laundry room, fully independent from the main home. Ideal for extended family, guests, or rental flexibility. Tandem parking plus a large gated front yard, with a separate gated backyard for added privacy. NOTE: Both houses are on the same gas, electric, water meters, PAID SOLAR keeps cost LOW! Rear unit had been rented $1400 all utilities paid.

1507 Pearl St, Bakersfield

Courtesy of Phil M Jordan with Keller Williams Realty

$289,999

4 Beds

Price just reduced! Wow! Two homes on a lot...This fully remodeled 2BD/1BA home features a brand-new kitchen with farmhouse sink, fresh tile work, and an updated bath with new vanity. Indoor laundry room with hookups included. At the rear of the 7,405 SF lot sits a permitted 2BD/1BA ADU with its own private entrance, paved yard, galley kitchen, and in-unit laundry room, fully independent from the main home. Ideal for extended family, guests, or rental flexibility. Paid-in-full solar keeps utility costs low. Tandem parking plus a large gated front yard, with a separate gated backyard for added privacy. NOTE: Both houses are on the same gas and electric meter. PAID Solar keeps bills DOWN! Rear unit had tenant paying $1400 all utilities paid.

1507 Pearl St, Bakersfield

Courtesy of Phil M Jordan with Keller Williams Realty

$274,990

3 Beds

Beautifully Remodeled & Ready for Its New Owners!Looking for your first home without the headache of major renovations? This extensively remodeled property is move-in ready and packed with upgrades! The home features a new roof, updated electrical and plumbing, new flooring throughout, new kitchen cabinets, and beautifully updated bathroom tile.With many of the big-ticket improvements already completed, you can focus on settling in and making this home your own. The fresh finishes and updated interior create a modern, welcoming space that's perfect for a first-time homebuyer looking for comfort, value, and peace of mind.

1015 Oregon St, Bakersfield

Courtesy of Javier Guzman with Broker X

$349,500

The House is legally Zoned R-2 it has two properties in 1 lot however only the front unit has been permitted plus the garage has been converted into small 1 bedroom apartment.Front house has 4 Bedrooms and 2 Bathrooms, 1483 SQF, title shows 4 bed and 1 bath. (Agent and buyer's agent to do all kind of investigations) The garage has been converted to a small apartment with its own bedroom, bathroom, kitchen and living room and currently rented for $1,000 (No Permits).The property has also a mobile home in the back 3 bedrooms and 1 bath fully habitable with all the services ready to be rented and produce income. (No permits)ONLY CASH OFFERS, With Proof of Funds Only Cash and Private Money Offers.

1841 Quincy St, Bakersfield

Courtesy of Domingo Castro with Wise Real Estate

$269,500

We are pleased to present the opportunity to acquire 2 Homes on 1 Lot on industrial zoned land (M-1), City of Bakersfield. The front unit is registered as 2 beds, 1 bath with 1,214 SF (leased at $1,500). The rear unit, which has alley access, shows 1 bed, 1 bath with 492 SF. This unit underwent a complete restoration (leased at $1,000). ** CASH / HARD MONEY OFFERS ONLY **** All offers considered **

525 Butte St, Bakersfield

Courtesy of Felix C Diaz with Executive, REALTORS®

$490,000

5 Beds

Live in one, rent the other a rare owner-occupant opportunity in East Bakersfield. Two detached buildings, no shared walls. The back unit delivers vacant at close of escrow: 744 sq. ft., 2 bedrooms, 1 bath, with paid-off solar, move in immediately. The front home is a 1,204 sq. ft. two-story with a bright, open main level and half bath, plus three spacious bedrooms and two full baths upstairs, one attached to the primary. Attached 1-car garage and paid-off solar. It's leased at $1,500/month through March 2027, helping carry the mortgage from day one. Each unit has its own PG&E meter. Assumable FHA financing at 5.125%, available to a qualified owner-occupant buyer with today's rates near 7%, that's savings you simply can't buy back.

1417 Oregon St Unit A, Bakersfield

Courtesy of Ash K Gupta with The Gupta Group- Emerge Real Estate

$480,000

Investor opportunity in East Bakersfield: two detached buildings on one parcel, no shared walls, with income in place and clear upside. The front home is 1,204 sq. ft. over two stories a bright, open main level with a half bath, three spacious bedrooms and two full baths upstairs including one attached to the primary, plus an attached 1-car garage. It's leased at $1,500/month through March 2027, roughly $500 below current market rents, with meaningful upside at lease expiration. The back unit is 744 sq. ft., 2 bedrooms and 1 bath, delivered vacant so a new owner sets market rent from day one. Both units have paid-off solar, permanently reducing operating costs. Each unit is separately metered with PG&E. As recent construction, this property is exempt from California's statewide rent cap, full flexibility to reset rents to market. Two buildings, two tenancies, one parcel.

1417 Oregon St, Bakersfield

Courtesy of Ash K Gupta with The Gupta Group- Emerge Real Estate

$214,900

2 Beds

This 2 bed 1 bath home is a great start to home ownership. Or, can be a great home to add to your rental portfolio.

1218 Owens St, Bakersfield

Courtesy of Rolando Gonzales with Golden Valley Real Estate Group

$370,000

Rare income-producing opportunity in Bakersfield two fully remodeled homes on one lot. The front unit offers 2 bedrooms and 1 bath, while the back unit boasts 3 bedrooms and 2 baths, both finished with modern updates throughout including new flooring, fixtures, and finishes. Paid-off solar keeps utility costs low for both units, a major value-add for owner-occupants or investors alike. Ideal for multigenerational living, house-hacking, or adding a turnkey rental to your portfolio. Two separate, move-in-ready homes one incredible opportunity. Won't last!

1408 Lincoln St, Bakersfield

Courtesy of Michael Melendez with Central Valley Property Advisors

$180,000

2 Beds

Investors fixer-upper. Needs TLC, Only cash and hard money offers. Selling "As Is Where Is" condition.

618 Dolores St, Bakersfield

Courtesy of Maura M Ojeda with Bahena Real Estate Group

$258,000

2 Beds

Great opportunity with this 2 bedroom, 1 bathroom home located in an R-3 zoned area, great for a starter home or a strong potential for an investor for a future development. The property has been recently partially remodeled, providing a solid foundation with new flooring fresh paint while leaving room to add your own value. Ideal as a starter home, it offers comfortable living with long-term upside. Investors will appreciate the flexible R-3 zoning, allowing for potential multi-unit expansion or redevelopment. The lot presents a rare chance to build out additional units and maximize income potential. Whether you're looking to live in, rent, or develop, this property delivers versatility and opportunity.

1720 Pacific St, Bakersfield

Courtesy of Gustavo I Garcia Matias with Century 21 Select Real Estate

$499,999

This Property Offers Great Potential. With A Little TLC, This Can Be A Handsome Income Generator. Bring Your Genius Ideas And Desire To Build Your Portfolio Today. *Seller Willing To Carry With 40% Down, Call And Get The Details!

1615 Virginia St, Bakersfield

Courtesy of Alicia Martinez with Executive Realty & Investments

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