4
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$350,000
Est. payment /mo
2,505 SqFt
New
715 31st Street Bakersfield, CA 93301
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Key Details
Property Type Multi-Family
Sub Type 3 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,505 sqft
Price per Sqft $139
MLS Listing ID 202600528
Year Built 1947
Property Sub-Type 3 Units
Property Description
Located at 715-717-719 31st Street in central Bakersfield, this value-add triplex offers a rare opportunity to acquire three detached homes on one lot for $350,000. Built in 1947 and totaling approximately 2,505 square feet, the property includes a 1-bedroom/1-bath unit that is currently vacant and ready for a full rehab, alongside a 2-bedroom/1-bath unit renting for $925 and a 3-bedroom/1.75-bath unit renting for $1,000. With upside through renovation and rent stabilization, the property is projected to achieve a gross scheduled income of $33,840 once fully stabilized, making it an attractive option for investors seeking both immediate cash flow and long-term appreciation potential.
Location
State CA
County Kern
Area 10
Exterior
Parking Features Uncovered
Building
Story 1
Schools
Elementary Schools Hills, Stella
Middle Schools Emerson
High Schools Bakersfield
Listed by Marc A Thurston • ASU Commercial
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