1612 1st Street
Bakersfield, CA 93304
13
Bed
10
Bath
27,442Sqft(Lot)
This charming Spanish-style 10-unit apartment property in Bakersfield presents a rare and beautiful value-add investment opportunity. The property features distinctive Spanish cottage architecture with red-tile roofs, arched entryways, and lush landscaping that exudes curb appeal and timeless character. Each unit is thoughtfully designed with spacious layouts and classic details that attract quality tenants. With strong in-place cash flow, the investor can enjoy immediate income from a stabilized rental base in a high-demand submarket. What sets this opportunity apart is the significant upside potential through the conversion of eight detached garages. The investor has the option to create new revenue streams by converting the garages into rentable accessory d
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: SpanishTileLaundry Features: CommonArea -
Heating & Cooling
Has Cooling: Yes Cooling: WallWindowUnits
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Building Information
Year Built: 1940Building Area Total: 7293Stories: 2Pool Features: NonePrivate Pool: NoView: None
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Lot Information
Main Square Feet: 27442 Lot Size Acres: 0.63 Lot Size Source: PublicRecords Lot Size Square Feet: 27,442 Lot Description: CornerLot,NearPublicTransit
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Listing Price Information
Listing Price: $1600000CashToNewLoan
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Tax Information
Parcel Number: 01029011000 Tax Lot: 0102
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Parking Information
Parking Total: 8Garage Information
Has Garage: Yes Garage Space: 8
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Location Information
Direction: close to 58 and chester near Albertson's
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| El Sereno Drive, Bakersfield, CA, 93304 | $297,770 | 2 | 2 | 1,019 | -- |
| 401 4th, Bakersfield, CA, 93304 | $224,900 | 2 | 1 | 1,130 | 5,901 Sq. Ft |
| 245 Donna Avenue, Bakersfield, CA, 93304 | $319,900 | 3 | 1 | 1,040 | 5,837 Sq. Ft |
| 336 T, Bakersfield, CA, 93304 | $350,000 | 3 | 2 | 1,583 | 6,764 Sq. Ft |
| 213 T Street, Bakersfield, CA, 93304 | $225,000 | 3 | 1 | 1,040 | 6,098 Sq. Ft |
| 1006 6th, Bakersfield, CA, 93304 | $249,000 | 2 | 1 | 645 | 3,542 Sq. Ft |
| 612 Townsley, Bakersfield, CA, 93304 | $277,999 | 3 | 1 | 1,257 | 6,088 Sq. Ft |
| 831 L Street, Bakersfield, CA, 93304 | $245,000 | 2 | 1 | 576 | 3,049 Sq. Ft |
| 99 O, Bakersfield, CA, 93304 | $369,000 | 3 | 2 | 1,608 | 8,653 Sq. Ft |
| 2601 Dore Drive, Bakersfield, CA, 93304 | $300,000 | 3 | 2 | 1,114 | 6,766 Sq. Ft |
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ByOwner last updated this listing 10/09/2026 @ 23:22
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