701 Woodrow Ave Bakersfield, CA 93308
Oildale NeighborhoodEstimated payment $4,239/month
Total Views
1,921
--
Bed
--
Bath
2,984
Sq Ft
$218
Price per Sq Ft
About This Home
We are excited to present for sale this rare 5-unit corner property with big value-add upside in the detached front 3 bed / 2 bath home. While four units have already been renovated two down-to-the-studs and two full remodels featuring vinyl flooring, new stucco, windows, AC units, counters, and appliancesthe front house is the real opportunity. It's freshly painted and clean, but with light TLC, it can push rents up $400-$500/month, making a huge impact on total income. Over $250K in improvements already done, including a new main sewer line, plus upgraded plumbing and electrical. Unit mix includes 3/2, 2/2, (2) 1/1s, and a studio perfect for rental demand. Strong cash flow now with clear room to grow. Ideal for investors who want a solid performing asset with a high-upside project already teed up. Hard to find a Bakersfield multifamily like this with the heavy lifting already done and a path to even better returns.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1938
Parking
- Uncovered Parking
Interior Spaces
- 2,984 Sq Ft Home
- 1-Story Property
Schools
- Beardsley Middle School
- North High School
Additional Features
- 5,662 Sq Ft Lot
- Central Air
Listing and Financial Details
- Assessor Parcel Number 11304212
Community Details
Overview
- 5 Units
Building Details
- Gross Income $68,652
- Net Operating Income $38,058
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2025 06/21/25 | For Sale | $649,999 | -3.7% | $218 / Sq Ft |
| 02/20/2025 02/20/25 | For Sale | $674,999 | +150.0% | $226 / Sq Ft |
| 07/21/2020 07/21/20 | Sold | $270,000 | -1.8% | $90 / Sq Ft |
| 05/13/2020 05/13/20 | Pending | -- | -- | -- |
| 01/21/2020 01/21/20 | For Sale | $275,000 | +15.5% | $92 / Sq Ft |
| 01/23/2019 01/23/19 | Sold | $238,000 | -7.9% | $80 / Sq Ft |
| 12/24/2018 12/24/18 | Pending | -- | -- | -- |
| 09/04/2018 09/04/18 | For Sale | $258,300 | -- | $87 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
Similar Homes in Bakersfield, CA
-
$750,000
- 4 Beds
- 3 Baths
- 3,974 Sq Ft
- 6804 N Half Moon Dr
- Bakersfield, CA
INCOME PROPERTY AT 6804 N Halfmoon, Bakersfield. Priced at 750,000. This well maintained 4-Plex income property offers a fantastic investment opportunity. All units currently rented, ensuring immediate rental income for the new owner. Offers will be reviewed and are contingent upon buyers review of the units.
Pamela Harmon PMZ Real Estate
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202506986
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.
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