$925,000

Estimated payment $5,610/month

Total Views 7
3 Beds
2 Baths
5,912 Sq Ft
$156 Price per Sq Ft

About This Home

We are pleased to present 210 17th Street, an 8-unit multifamily investment opportunity in Downtown Bakersfield. Built in 1935, the property pairs classic red-tile Spanish bungalows fronting 17th Street with a two-story rear building — vintage character product that no longer gets built.
The unit mix is a split of 5 one-bedroom / one-bath and 3 two-bedroom / one-bath units on a generous 11,325 SF lot, separately metered for gas and electricity. Offered at $925,000 — $115,625 per unit and $156 per SF — the asset trades at a fraction of replacement cost. In-place rents average $1,060 — the one-bedrooms as low as $600 — versus $1,095 and $1,195 at market. The property will be delivered with five vacant units, providing investors with an exceptional value-add opportunity to immediately renovate, lease at market rents, and accelerate NOI growth from day one.
Positioned in the 93301 zip code blocks from the Chester Avenue core, the Fox Theater, and Bakersfield High School, the property draws on the deep workforce renter base of California's 9th largest city. Current income delivers a 6.02% cap rate day one, underwriting to an 6.84% market cap as units roll — a +8% lift in gross scheduled income.

Listing Agent

Ryan Gonzalez

Lyon Stahl Investment Real Est Brokerage Email: ryan.gonzalez@lyonstahl.com License #01874815 Listed on: 08/04/2026

Co-Listing Agent

Toby Rodriguez

Lyon Stahl Investment Real Est Brokerage Email: ryan.gonzalez@lyonstahl.com License #02103214

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 11,325 Sq Ft Lot
  • Two or More Common Walls
  • Garden
  • Back and Front Yard

Parking

  • 7 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 5,912 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1
  • Assessor Parcel Number 00612328000
  • $2,672 per year additional tax assessments

Community Details

Overview

  • 3 Buildings
  • 8 Units

Building Details

  • 7 Separate Electric Meters
  • 7 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,640
  • Fuel Expense $1,640
  • Insurance Expense $1,640
  • Professional Management Expense $4,874
  • Trash Expense $1,640
  • Water Sewer Expense $1,640
  • Operating Expense $41,773
  • Gross Income $100,500
  • Net Operating Income $55,712

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0.26 Acres

Parking

7

Listing Details

  • CapRate: 6.02
  • Professional Management Expense: 4874.00
  • Property Attached: Yes
  • Water Sewer Expenses: 1640.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 00612328000
  • Year Built: 1935
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 156.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1640.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Lot 10000-19999 Sqft, Back Yard
  • Lot Size Sq Ft: 11325.00
  • Lot Size Acres: 0.2600
  • Latitude Manual: 35.37448800

Multi Family

  • Electric Expense: 1640.00
  • Fuel Expense: 1640.00
  • Gross Income: 100500.00
  • Gross Multiplier: 9.20
  • Gross Scheduled Income: 100500.00
  • Insurance Expense: 1640.00
  • Lot Size Area: 11325.0000 Square Feet
  • Net Operating Income: 55712.00
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 41773.00
  • Rent Control: No
  • Total Expenses: 41773.00

Tax Info

  • Tax Lot: 4
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 2672.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,410 $504,769 $48,070 $456,699
2024 $8,410 $494,873 $47,128 $447,745
2023 $8,203 $485,170 $46,204 $438,966
2022 $7,993 $475,658 $45,299 $430,359
2021 $8,057 $466,332 $44,411 $421,921
2020 $7,399 $461,551 $43,956 $417,595
2019 $7,286 $461,551 $43,956 $417,595
2018 $7,148 $443,630 $42,250 $401,380
2017 $8,180 $434,932 $41,422 $393,510
2016 $6,590 $426,405 $40,610 $385,795
2015 $4,510 $239,694 $20,399 $219,295
2014 $4,389 $235,000 $20,000 $215,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2026 08/04/26 For Sale $925,000 +120.2% $156 / Sq Ft
02/09/2015 02/09/15 Sold $420,000 0.0% -- View Prior Sale
01/10/2015 01/10/15 Pending -- -- --
12/03/2014 12/03/14 For Sale $420,000 +78.7% --
09/24/2013 09/24/13 Sold $235,000 -21.7% -- View Prior Sale
08/25/2013 08/25/13 Pending -- -- --
08/21/2013 08/21/13 For Sale $300,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $420,000 --
Grant Deed $235,000 Fidelity Title Company
Trustee Deed $179,386 Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $185,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $220,000 Seller Take Back
Previous Owner $155,575 Commercial
Previous Owner $210,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW26170501

California Regional Multiple Listing Service (CRMLS)
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