1914 16th St Bakersfield, CA 93301
Riviera/Westchester NeighborhoodEstimated payment $4,383/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 202512443