16
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$490,000
Est. payment /mo
New
1417 Oregon Street Bakersfield, CA 93305
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202608881
Year Built 2024
Property Sub-Type Duplex
Property Description
Investor opportunity in East Bakersfield: two detached buildings on one parcel, no shared walls, with income in place and clear upside. The front home is 1,204 sq. ft. over two stories a bright, open main level with a half bath, three spacious bedrooms and two full baths upstairs including one attached to the primary, plus an attached 1-car garage. It's leased at $1,500/month through March 2027, roughly $500 below current market rents, with meaningful upside at lease expiration. The back unit is 744 sq. ft., 2 bedrooms and 1 bath, delivered vacant so a new owner sets market rent from day one. Both units have paid-off solar, permanently reducing operating costs. Each unit is separately metered with PG&E. As recent construction, this property is exempt from California's statewide rent cap, full flexibility to reset rents to market. Two buildings, two tenancies, one parcel.
Location
State CA
County Kern
Area 31
Exterior
Parking Features Garage, Uncovered
Building
Story 2
Schools
Elementary Schools Williams_Bak
Middle Schools Jefferson, T.
High Schools East
Listed by Ash K Gupta • The Gupta Group- Emerge Real Estate
Nearby Locations
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