Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,600,000

  • For Sale
  • Active
  • Multi-Family
See This Home
Save This Home
See This Home
Save This Home
This charming Spanish-style 10-unit apartment property in Bakersfield presents a rare and beautiful value-add investment opportunity. The property features distinctive Spanish cottage architecture with red-tile roofs, arched entryways, and lush landscaping that exudes curb appeal and timeless character. Each unit is thoughtfully designed with spacious layouts and classic details that attract quality tenants. With strong in-place cash flow, the investor can enjoy immediate income from a stabilized rental base in a high-demand submarket. What sets this opportunity apart is the significant upside potential through the conversion of eight detached garages. The investor has the option to create new revenue streams by converting the garages into rentable accessory dwelling units (ADUs), tapping into the growing demand for affordable housing in Bakersfield. Alternatively, the garages can be leased as storage units for additional monthly income. This flexible value-add strategy offers both immediate and long-term income growth, making it an ideal opportunity for a savvy investor looking to capitalize on both yield and appreciation in a growing Central Valley market.

Full Property Details for 1612 1st St

General

  • Price: $1,600,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: IV26020349
  • Updated: 1/28/2026
  • Days on Market: 25 days
  • Added to Site: 25 day(s) ago

Interior

  • Flooring: Vinyl, Wood

Rooms

Other Rooms

  • Laundry: Community

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 8

Location

  • Area: BKSF - Bakersfield
  • County: Kern
  • Development Name: BKSF - Bakersfield
  • Driving Directions: close to 58 and chester near Albertson's

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)

Utilities

  • Sewer: Public Sewer
  • # Water Meters: 1
  • # Gas Meters: 11
  • # Electric Meters: 11

Structural Information

  • Roof: Spanish Tile
  • Entry Location: courtyard
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 7,293
  • Year Built: 1940

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 6

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 7

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 8

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 9

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 10

  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Property View: None
  • Lot Size (Acres): 0.63
  • Lot Size (Sq. Ft.): 27,442
  • Lot Size Source: Public Records
  • Lot Description: Corner Lot, Near Public Transit

Financial Considerations

  • Price Per Sq. Ft.: $219.39
  • Price Per Unit: 160000

Listed by The Associates Realty Group, ANTHONY RODRIGUEZ

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 1612 1st St —

  • ANTHONY RODRIGUEZ

    The Associates Realty Group

949-343-0202

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1612 1st St

School Districts:Bakersfield City Elementary School District, Kern Union High School District
NameGradesDistance
Roosevelt Elementary School, Bakersfield, CA
2324 Verde Street, Bakersfield, CA 93304
K-50.4 mi
Emerson Middle School, Bakersfield, CA
801 4th Street, Bakersfield, CA 93304
6-80.6 mi
Bakersfield High School
1241 G St., Bakersfield, CA 93301
9-121 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1612 1st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/28/2026
Listed
$1,600,000
10.34%
MLS
7/08/2022
Sold
$1,450,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1612 1st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,718
3%
$1,206,864
2%
2023
$16,164
—
$1,183,200
2%
2023
$16,164
62%
$1,160,000
80%
2022
$9,986
5%
$643,620
2%
2021
$9,523
60%
$631,000
84%
2020
$5,968
1%
$343,156
2%
2019
$5,884
2%
$336,428
2%
2018
$5,782
—
$329,832
2%
2017
$5,769
7%
$323,366
2%
2016
$5,367
19%
$317,026
32%
2015
$4,513
2%
$240,000
—
2014
$4,445
-1%
$240,000
—
2013
$4,510
—
$240,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1612 1st St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by The Associates Realty Group, ANTHONY RODRIGUEZ

Just Listed near 1612 1st St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

9408 Carnation, Lamont, CA 93241 - Photo 1 Just Listed
$200,000

9408 Carnation  Lamont, CA 93241

  • Single Family
  • Active
  • Updated 11 hours ago
  • 2
    Beds
  • 1
    Total Bath
  • 1,040
    Sq. Ft.
5051 Creekside Dr, Arvin, CA 93203 - Photo 1 Just Listed
$12,000

5051 Creekside Dr  Arvin, CA 93203

  • Commercial Lease
  • Active
  • Updated 3 days ago
  • 14,300
    Sq. Ft.
  • 20.11
    Acres
0 Cannon Way, Caliente, CA 93518 - Photo 1 Just Listed
$14,995

0 Cannon Way  Caliente, CA 93518

  • Lots/Land
  • Active
  • Updated 4 days ago
  • 2.2
    Acres
737 Concord Ct, McFarland, CA 93250 - Photo 1 Just Listed
$395,000

737 Concord Ct  McFarland, CA 93250

  • Single Family
  • Active
  • Updated 1 day ago
  • 3
    Beds
  • 2
    Total Baths
  • 1,605
    Sq. Ft.

Price Reduced near 1612 1st St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

0 Clifton Rd, Kramer Junction, CA 93516 - Photo 1 Price Reduced
-$2,500 (-9.09%)
$25,000

0 Clifton Rd  Kramer Junction, CA 93516

  • Lots/Land
  • Active
  • Updated 22 hours ago
  • 2.4
    Acres
13999 Quail Rdg Dr, Caliente, CA 93518 - Photo 1 Price Reduced
-$2,000 (-3.23%)
$59,999

13999 Quail Rdg Dr  Caliente, CA 93518

  • Lots/Land
  • Active
  • Updated 3 days ago
  • 20.01
    Acres

Recent Sales near 1612 1st St

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

7509 Calle Sagrada, Bakersfield, CA 93309 - Photo 1 Sold
$1,420,000

7509 Calle Sagrada  Bakersfield, CA 93309

  • Single Family
  • Closed
  • 4
    Beds
  • 5
    Total Baths
  • 5,406
    Sq. Ft.
211 Moon Ranch St, Bakersfield, CA 93314 - Photo 1 Sold
$1,550,000

211 Moon Ranch St  Bakersfield, CA 93314

  • Single Family
  • Closed
  • 4
    Beds
  • 5
    Total Baths
  • 5,063
    Sq. Ft.
6727 Lindsay Rd, Bakersfield, CA 93313 - Photo 1 Sold
$1,400,000

6727 Lindsay Rd  Bakersfield, CA 93313

  • Single Family
  • Closed
  • 4
    Beds
  • 4
    Total Baths
  • 3,368
    Sq. Ft.

1612 1st Street, Bakersfield, CA 93304 (MLS# IV26020349) is a Multi-Family property with 10 units containing 0 bedrooms and 0 full bathrooms. 1612 1st Street is currently listed for $1,600,000 and was received on January 28, 2026. Want to learn more about 1612 1st Street? Do you have questions about finding other Multi-Family real estate for sale in Bakersfield? You can browse all Bakersfield real estate or contact a Coldwell Banker agent to request more information.

Tour this property