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$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

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