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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
    : 
    Mixed Use
    Built in 1940
    -- sqft lot
    $1,593,100 Zestimate®
    $226/sqft
    $-- HOA

    What's special

    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.
    12 days
    on Zillow
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    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#: IV25164851MLS LogoOriginating MLS: California Regional MLS
    Travel times

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    Next available tour time:Tomorrow at 11am

    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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