$699,000
PENDING

Estimated payment $4,383/month

Total Views 672
-- Bed
-- Bath
3,120 Sq Ft
$224 Price per Sq Ft

Highlights

  • Heated Floors
  • Evaporated cooling system
  • 1-Story Property

About This Home

Introducing 1914 16th Street, an exceptional value-add multifamily opportunity featuring seven units three 1-bed/1-bath units and four studios totaling approximately 3,120 sq. ft. Built in 1950, the property has benefited from recent capital improvements including new 40-year roofs on both buildings, fresh exterior paint, upgraded wrought iron and block fencing, and new windows in one updated unit, enhancing both appeal and durability. With rents ranging from $515 to $1,195 and an attractive price of only $99,857 per unit ($699,000 asking price), this asset offers strong upside potential in income growth. A rare, well-maintained investment with immediate value and future return opportunity.

Listing Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 11/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Interior Spaces

  • 3,120 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Franklin Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 7,840 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 00409206

Community Details

Overview

  • 7 Units

Building Details

  • Gross Income $62,260
  • Net Operating Income $23,369

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Building Stories: 1
  • Deposit Amount Required: 10000.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.1800
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3120.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Evaporative, Floor/Wall Heater

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 7840.00
  • Parcel #: 00409206

Multi Family

  • Total Annual Expense: 36400.00
  • Vacancy Factor: 4.00
  • Number Of Units Total: 7
  • Existing Lease Type: Net
  • Annual Gross Income: 62260.00
  • Property Net Operating Income: 23369.00

MLS Schools

  • Elementary School: Franklin

Map

Range of Values:

Collateral Analytics

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ICE

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 Pending -- -- --
11/06/2025 11/06/25 For Sale $699,000 +11.8% $224 / Sq Ft
12/06/2024 12/06/24 Sold $625,000 -10.7% $200 / Sq Ft View Prior Sale
10/25/2024 10/25/24 For Sale $699,900 -- $224 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202512443

Bakersfield Association of REALTORS® / GEMLS