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$1,999,999
Excellent multi-family investment opportunity in the heart of Bakersfield's historic Oleander Tract! Situated on a massive 0.6-acre lot (26,136 sq ft), this unique residential income property features 8 character-rich buildings combining for a total of 7 units and 4,866 sq ft of living space.Built in 1930, the property contains the saught after oleander charm and immense value-add potential for savvy investors looking to maximize rental income or execute a classic restoration project. The sprawling lot provides rare, expansive spacing between units, ample open parking, and plenty of outdoor space for tenants.Conveniently located with easy access to local schools (Roosevelt Elementary, Emerson Jr. High, and Bakersfield High School), shopping, dining, and transit. Property to be sold as-is. Offers are to be made subject to interior inspection please do not disturb the tenants. Don't miss out on adding this high-potential multi-family portfolio piece to your investment strategy!

319 Holtby Rd, Bakersfield

Courtesy of Esteban Contreras with Watson Realty

$319,500
3 Beds
OLEANDER GEM. Turn-key, Fully-rehabbed in central Bakersfield. Newly refurbished 3-bed,2-bath home OR can be split into TWO UNITS (2-bed,1-bath + 1-bed, 1-bath). PERFECT for Investors or First-Time Homebuyers looking for extra rental cash or to use as a Mother-in-Law unit. Live in one and rent the other! FHA ready. Desirable OLEANDER neighborhood with wide, tree-lined streets and almost zero vacancy. Central AC & Heat, updated kitchen and cabinetry, quartz countertops, wood-tile flooring, new energy-efficient windows, new paint throughout, both bathrooms completely renovated, detached 2-car garage with ALLEY ACCESS, tons of storage, large living room, and open kitchen/dining area. Covered porch perfect for morning coffee on those lazy weekend mornings. Highly desirable neighborhood due to easy access to downtown corridor, walk to schools, restaurants and transportation. Seller offering a $10,000 buyer credit with a full price offer. Priced to sell. Text listing agent for more info.

2231 Sunset Ave, Bakersfield

Courtesy of Tara L Lyons with Miramar Realty

$1,225,000
Turnkey 8-Unit Spanish-Style Multifamily | Fully Renovated | $1.2M | Strong In-Place IncomeThis is one of the cleaner small multifamily deals we've seen recently.Fully renovated 8-unit Spanish-style property priced at $1.2M, generating $9,000/month ($108K annually) with rents already at or very close to market. This property combines character, functionality, and a clean operational profile, while also having a desirable central location.The seller just completed a full rehab, so an investor is stepping into a true turnkey situation without taking on construction risk, lease-up risk, or rent speculation. That alone is where most of the value is here.Ideal for investors seeking a low maintenance asset! Call for more details today!Unit mix is ideal for the current marketprimarily 1-bedrooms at $1,100 with washer/dryer hookups, plus two 2-bedrooms at $1,200. It's a bread-and-butter renter profile that stays consistently occupied.All units feature washer/dryer hookups.

1800 Forrest St, Bakersfield

Courtesy of Troy T Lei with Miramar Realty

$320,000
4 Beds 2 Baths
Welcome to 129 Beech St, a beautifully updated Oleander home offering exceptional value and versatility. This 4-bedroom, 2-bathroom property features a flexible layout containing a private rear space with its own living area, a bedroom, bathroom, and kitchenette. Step inside to find modern upgrades throughout, including newer flooring, updated light fixtures, newer windows, and granite countertops in both kitchens and bathrooms. The home also includes solar panels for major energy savings and a water softener system for improved water quality and reduced maintenance. Outside, enjoy alley access, a large carport, and a generous backyard ready for entertaining. Homes offering this much at this price are a Bakersfield rare especially in the highly desired Oleander area. Don't miss your chance! Contact your preferred Realtor today to schedule a private showing before it's gone.

129 Beech St, Bakersfield

Courtesy of Cole A Rangel with Berkshire Hathaway Homeservices Associated Real Estate

Provided Courtesy Of Bakersfield Association of Realtors.
Information Is Believed To Be Accurate But Not Guaranteed.
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