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 dwelling 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.
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 dwelling 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.
Current real estate data for Single Family in Bakersfield as of Dec 08, 2025
224
Single Family Listed
60
Avg DOM
247
Avg $ / SqFt
$454,116
Avg List Price
Property Details
Price:
$1,600,000
MLS #:
IV25164851
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Commercial/Residential
Neighborhood:
bksfbakersfield
Listed Date:
Jul 23, 2025
Total Sq Ft:
7,293
Lot Size:
27,442 sqft / 0.63 acres (approx)
Year Built:
1940
Schools
Interior
Cooling
WW
Flooring
VINY, WOOD
Laundry Features
CM
Exterior
Community Features
SUB
Parking Spots
8
Roof
SPT
Financial
Map
Contact Us
Mortgage Calculator
Community
- Address1612 1st Street Lot 0102 Bakersfield CA
- CityBakersfield
- CountyKern
- Zip Code93304
Property Summary
- 1612 1st Street Lot 0102 Bakersfield CA is a Single Family for sale in Bakersfield, CA, 93304. It is listed for $1,600,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1940. The average price per square foot for Single Family listings in Bakersfield is $247. The average listing price for Single Family in Bakersfield is $454,116. To schedule a showing of MLS#iv25164851 at 1612 1st Street Lot 0102 in Bakersfield, CA, contact your Outland and Associates / JoAnn Outland agent at 8054417754.
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Full-time Real Estate Broker, sold 1400+ Properties in SLO and SBC County. 40+ years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending…
More About JoAnn
Courtesy of THE ASSOCIATES REALTY GROUP. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 1612 1st Street Lot 0102
Bakersfield, CA