1612 1st Street, Bakersfield, California image 1
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1612 1st Street

Bakersfield, CA 93304
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$1,600,000 $6,745/Mo
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Bed 13

Bed

Bath 10

Bath

SqFt27,442

Sqft(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 welling units (ADUs), tapping into the growing demand for affordable housing in Bakersfield. Alternatively, the garages can be leased as storage units for additional monthly income. This flexible value-add strategy offers both immediate and long-term income growth, making it an ideal opportunity for a savvy investor looking to capitalize on both yield and appreciation in a growing Central Valley market.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,600,000

AD Id : 74703564

MLS Id : IV26020349

Beds : 13

Lot Size : 27,442 Sqft

Year Built : 1940

Garage : 8

County : Kern

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Feature Features

  • Interior Features

    Roof: SpanishTile
    Laundry Features: CommonArea

  • Heating & Cooling

    Has Cooling: Yes Cooling: WallWindowUnits

  • Building Information

    Year Built: 1940
    Building Area Total: 7293
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: None

  • 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

  • Listing Price Information

    Listing Price: $1600000
    CashToNewLoan

  • Tax Information

    Parcel Number: 01029011000 Tax Lot: 0102

  • Parking Information

    Parking Total: 8

    Garage Information

    Has Garage: Yes Garage Space: 8

  • Location Information

    Direction: close to 58 and chester near Albertson's
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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 1,019 SqFt
905 Q Street, Bakersfield, CA, 93304 $149,000 1 1 632 632 SqFt
1006 6th, Bakersfield, CA, 93304 $249,000 2 1 645 645 SqFt
612 Townsley, Bakersfield, CA, 93304 $279,999 3 1 1,257 1,257 SqFt
99 O, Bakersfield, CA, 93304 $465,000 3 2 1,608 1,608 SqFt
2601 Dore Drive, Bakersfield, CA, 93304 $300,000 3 2 1,114 1,114 SqFt
605 G Street, Bakersfield, CA, 93304 $399,000 4 3 960 960 SqFt
1504 El Toro, Bakersfield, CA, 93304 $325,000 4 3 2,238 2,238 SqFt
1825 2nd, Bakersfield, CA, 93304 $379,000 3 2 1,465 1,465 SqFt
701 Planz Road, Bakersfield, CA, 93304 $5,290,000 2 1 --

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/25/2026 @ 14:26

MLS: IV26020349 LISTED BY: ANTHONY RODRIGUEZ, THE ASSOCIATES REALTY GROUP 844-504-4965 SOURCE: CRMLS

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