1417 Oregon, Bakersfield, CA 93305
- $490,000
- List Price
- $490,000
- Status
- ACTIVE
- MLS#
- OC26180866
- Year Built
- 2024
- Lot Size
- 3,920
- Acres
- 0.09
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 9
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Duplex
- Stories
- Two Levels
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.
Additional Information
- Appliances
- Microwave
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- City Lights, Neighborhood
- Exterior Construction
- Drywall, Ducts Professionally Air-Sealed, Concrete, Stucco
- Roof
- Composition
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Granite Counters, High Ceilings, Two Story Ceilings, All Bedrooms Up
- Attached Structure
- Detached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $42,000
- Operating Expense
- 3000
Listing courtesy of Listing Agent: Ashish Gupta (Ash@emergereca.com) from Listing Office: Side, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.