715 31st St Bakersfield, CA 93301
Downtown Bakersfield NeighborhoodEstimated payment $1,762/month
Highlights
- Heated Floors
- Evaporated cooling system
- 1-Story Property
About This Home
Located at 715-717-719 31st Street in central Bakersfield, this value-add triplex offers a rare opportunity to acquire three detached homes on one lot for $299,500. Built in 1947 and totaling approximately 2,505 square feet, the property includes a 1-bedroom/1-bath unit that is currently vacant and ready for a full rehab, alongside a 2-bedroom/1-bath unit renting for $925 and a 3-bedroom/1.75-bath unit renting for $1,000. With upside through renovation and rent stabilization, the property is projected to achieve a gross scheduled income of $33,840 once fully stabilized, making it an attractive option for investors seeking both immediate cash flow and long-term appreciation potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Parking
- Uncovered Parking
Interior Spaces
- 2,505 Sq Ft Home
- 1-Story Property
- Heated Floors
Schools
- Hills Elementary School
- Emerson Middle School
- Bakersfield High School
Additional Features
- 10,018 Sq Ft Lot
- Evaporated cooling system
Listing and Financial Details
- Assessor Parcel Number 00208104
Community Details
Overview
- 3 Units
- Homaker Park Subdivision
Building Details
- Gross Income $33,840
- Net Operating Income $16,720
Map
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 |
|---|---|---|---|---|
| 2025 | $2,686 | $72,208 | $21,503 | $50,705 |
| 2024 | $2,608 | $70,793 | $21,082 | $49,711 |
| 2023 | $2,608 | $69,406 | $20,669 | $48,737 |
| 2022 | $2,499 | $68,046 | $20,264 | $47,782 |
| 2021 | $2,232 | $66,713 | $19,867 | $46,846 |
| 2020 | $2,134 | $66,030 | $19,664 | $46,366 |
| 2019 | $2,095 | $66,030 | $19,664 | $46,366 |
| 2018 | $2,057 | $63,467 | $18,901 | $44,566 |
| 2017 | $2,036 | $62,224 | $18,531 | $43,693 |
| 2016 | $1,948 | $61,005 | $18,168 | $42,837 |
| 2015 | $1,920 | $60,090 | $17,896 | $42,194 |
| 2014 | $1,862 | $58,914 | $17,546 | $41,368 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2026 02/13/26 | Pending | -- | -- | -- |
| 02/11/2026 02/11/26 | Price Changed | $299,500 | -14.4% | $120 / Sq Ft |
| 01/15/2026 01/15/26 | For Sale | $350,000 | -- | $140 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202600528
APN: 002-081-04
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Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.
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