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1612 1st Street, 
Bakersfield, CA 93304

$1,600,000


Bed


Bath


7,293

Sq Ft


Multi-Family

Pending

Listed by

Anthony Rodriguez

The Associates Realty Group

844-504-4965

Last updated:

May 22, 2026, 07:38 AM

MLS#

IV26020349

Source:

CRMLS

About This Home

1612 1st Street

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.

Home Facts

Multi-Family

Built in 1940

Price Summary

1,600,000

$219 per Sq. Ft.

MLS #:

IV26020349

Last Updated:

May 22, 2026, 07:38 AM

Added:

3 month(s) ago


Rooms & Interior

Interior

Living Area:

7,293 Sq. Ft.


Structure

Structure

Building Area:

7,293 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

27,442


Finances & Disclosures

Finances

Price:

$1,600,000

Price per Sq. Ft:

$219 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Gay Dales, Inc., Realtors is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Gay Dales, Inc., Realtors, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.