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.
For sale
Listing Provided by:
ANTHONY RODRIGUEZ DRE #01878752 949-343-0202,
THE ASSOCIATES REALTY GROUP
Price increase: $450K (7/23)
$1,650,000
1612 1st St, Bakersfield, CA 93304
12beds
--baths
7,293sqft
Est.:
Mixed Use
Built in 1940
-- sqft lot
$1,593,100 Zestimate®
$226/sqft
$-- HOA
What's special
- 12 days
- on Zillow |
- 436 |
- 11 |
Zillow last checked: 7 hours ago
Listing updated: July 23, 2025 at 11:40am
Listing Provided by:
ANTHONY RODRIGUEZ DRE #01878752 949-343-0202,
THE ASSOCIATES REALTY GROUP
Source: CRMLS,MLS#: IV25164851
Originating MLS: California Regional MLS

Travel times
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Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Flooring: Vinyl, Wood
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 7,293
- Total interior livable area: 7,293 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 8
Features
- Levels: Two
- Stories: 2
- Entry location: courtyard
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 0.63 Acres
- Features: Corner Lot, Near Public Transit
Details
- Additional parcels included: 01029010007
- Parcel number: 01029011000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Roof: Spanish Tile
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
Community & HOA
Community
- Features: Suburban
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $226/sqft
- Date on market: 7/23/2025
- Listing terms: Cash to New Loan
- Tenant pays: Electricity, Gas
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