$490,000

$490,000

Est. $3,243/mo · 20% down · 6.5% · 30yr

1417 Oregon Street, Bakersfield, CA, 93305

MLS# 202608881

Active
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0
3,920lot sqft
2024built
12 days on market

About this home

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.

Property Details

💰

$490,000

Price

🛏

0 bd

Bedrooms

🌿

3,920 sqft

Lot Size

🏗️

2024

Year Built

🚗

0 car

Garage

🏠

Duplex

Type

📅

12 days

Days Listed

✓ Active ListingBakersfield, CA 93305

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Loan Type

Loan Term

$490,000
%
3%50%
$24,500 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$3,743

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$2,942
Property Taxes / mo$510
Home Insurance / mo$120
PMI (Mortgage Insurance)$171
Total Est. Payment$3,743
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93305

Market Stats

Active Listings

119

ZIP 93305

Median List Price

$349K

ZIP 93305

Avg Days on Market

89

Bakersfield avg

Sale / List Price

98.5%

avg ratio

1417 Oregon Street, Bakersfield, CA, 93305

Listed by: Ash K Gupta, The Gupta Group- Emerge Real Estate

MLS#: 202608881 · Source: Bakersfield AOR

Based on information from Golden Empire MLS, Inc. (a subsidiary of Bakersfield Association of REALTORS®, Inc.). All data is obtained from various sources and has not been verified. Full disclaimer

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