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210 17th Street

Bakersfield, CA 93301

$925,000 $3,899/Mo

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Overview

Bed

Bath

11,325

Sqft(Lot)

Description

We are pleased to present 210 17th Street, an 8-unit multifamily investment opportunity in Downtown Bakersfield. Built in 1935, the property pairs classic red-tile Spanish bungalows fronting 17th Street with a two-story rear building — vintage character product that no longer gets built. The unit mix is a split of 5 one-bedroom / one-bath and 3 two-bedroom / one-bath units on a generous 11,325 SF lot, separately metered for gas and electricity. Offered at $925,000 — $115,625 per unit and $156 per SF — the asset trades at a fraction of replacement cost. In-place rents average $1,060 — the one-bedrooms as low as $600 — versus $1,095 and $1,195 at market. The property will be delivered with five vacant units, providing investors with an exceptional value-add opportunity to immediately renov ate, lease at market rents, and accelerate NOI growth from day one. Positioned in the 93301 zip code blocks from the Chester Avenue core, the Fox Theater, and Bakersfield High School, the property draws on the deep workforce renter base of California's 9th largest city. Current income delivers a 6.02% cap rate day one, underwriting to an 6.84% market cap as units roll — a +8% lift in gross scheduled income.

Property Details

Property Type : ResidentialIncome

Price : $925,000

AD Id : 89085443

MLS Id : PW26170501

Beds : 3

Lot Size : 11,325 Sqft

Year Built : 1935

Garage : 7

County : Kern

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1935

Building Area Total: 5912

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 11325 Lot Size Acres: 0.26 Lot Size Source: PublicRecords Lot Size Square Feet: 11,325 Lot Description: BackYard,FrontYard,Garden

Listing Price Information

Listing Price: $925000

Cash, CashToNewLoan, Conventional, Exchange1031

Tax Information

Parcel Number: 00612328000 Tax Lot: 4

Parking Information

Parking Total: 7

Garage Information

Has Garage: Yes Garage Space: 7

Location Information

Direction: West of Union Ave on 17th St WaterSource: Public

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ByOwner last updated this listing 08/16/2026 @ 01:21

MLS: PW26170501 LISTED BY: Ryan Gonzalez, Lyon Stahl Investment Real Est 310-425-9838 SOURCE: CRMLS