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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON NOV 02 2025 AT 8:03 PM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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1612 1st St

bakersfield, CA 93304

$1,600,000

    INTERESTED? LET'S CONNECT

    This charming Spanish-style 10-unit apartment property in Bakersfield presents a rare and beautiful value-add investment opportunity. Theproperty features distinctive Spanish cottage architecture with red-tile roofs, arched entryways, and lush landscaping that exudes curb appeal andtimeless character. Each unit is thoughtfully designed with spacious layouts and classic details that attract quality tenants. With strong in-placecash flow, the investor can enjoy immediate income from a stabilized rental base in a high-demand submarket. What sets this opportunity apart isthe significant upside potential through the conversion of eight detached garages. The investor has the option to create new revenue streams byconverting 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 andlong-term income growth, making it an ideal opportunity for a savvy investor looking to capitalize on both yield and appreciation in a growingCentral Valley market.

    Details

    7,293 Sq Ft

    0.63 Private Acres Lot Size

    Commercial

    Built in 1940

    MLS/Listing ID IV25165693

    10 Units

    Amenities & Features

    Wood

    Common Area

    Lot - Corner Lot

    CRMLS

    Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE

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    Interested in 1612 1st St?