1716 3rd St Bakersfield, CA 93304
Oleander-Sunset NeighborhoodEstimated payment $2,354/month
Total Views
694,568
5
Beds
3
Baths
2,400
Sq Ft
$156
Price per Sq Ft
About This Home
Discover this prime value-add multifamily investment opportunity in Bakersfield, CA! This property features two buildings with acombined 2,400 Sq. Ft. of living space on a 6,793 Sq. Ft. lot. The front duplex includes two 2-bedroom, 1-bath units (900 Sq. Ft. each)featuring fireplaces, A/C, and laundry connections. The back unit is a 600 Sq. Ft. 1-bedroom, 3/4 bath residence with an open-conceptliving and kitchen area. Recently updated, this unit is turn-key ready and was originally a garage that has been converted into livingspace over time. With 8+ parking spaces and all units on separate gas and electric meters, this property offers excellent conveniencefor tenants. It's a perfect opportunity for investors looking to renovate and maximize rental income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,304
Year Built
- Built in 1972
Lot Details
- 6,793 Sq Ft Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Triplex
Interior Spaces
- 2,400 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block 14 / 1
- Assessor Parcel Number 00831213008
- $2,043 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Gross Income $43,200
- Net Operating Income $30,240
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,304 | $108,989 | $12,539 | $96,450 |
| 2023 | $3,304 | $106,853 | $12,294 | $94,559 |
| 2022 | $3,178 | $104,758 | $12,053 | $92,705 |
| 2021 | $2,930 | $102,705 | $11,817 | $90,888 |
| 2020 | $2,843 | $101,653 | $11,696 | $89,957 |
| 2019 | $2,788 | $101,653 | $11,696 | $89,957 |
| 2018 | $2,733 | $97,708 | $11,243 | $86,465 |
| 2017 | $2,704 | $95,793 | $11,023 | $84,770 |
| 2016 | $2,571 | $93,915 | $10,807 | $83,108 |
| 2015 | $2,534 | $92,505 | $10,645 | $81,860 |
| 2014 | $2,452 | $90,694 | $10,437 | $80,257 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Price Changed | $375,000 | -3.8% | $208 / Sq Ft |
| 03/21/2025 03/21/25 | Price Changed | $389,900 | -2.5% | $217 / Sq Ft |
| 11/20/2024 11/20/24 | For Sale | $400,000 | -- | $222 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $225,000 | Chicago Title |
Source: Public Records
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