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1612 1st Street
For Sale $1,600,000
$1,600,000
- 10 Units
- Unknown Sq Ft
- 27,442 Sq Ft
- Unknown Cap Rate
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,600,000 |
| Property Type | Flex Space |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 8 spots |
| Year Built | 1940 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 01029011000 |
| MLS # | IV25164851 |
| Property ID | 322008324 |
| Lot Sqft | 27,442 |
| Zoning | Unknown |
| Total Units | 10 |
| Days on Market | 141 |
| Original List Price | $1,650,000 |
| Date Updated | October 03, 2025 |
| Date Created | July 22, 2025 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
ANTHONY RODRIGUEZ an agent of . Lic #01878752
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 03, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT