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$1,999,999
Excellent multi-family investment opportunity in the heart of Bakersfield's historic Oleander Tract! Situated on a massive 0.6-acre lot (26,136 sq ft), this unique residential income property features 8 character-rich buildings combining for a total of 7 units and 4,866 sq ft of living space.Built in 1930, the property contains the saught after oleander charm and immense value-add potential for savvy investors looking to maximize rental income or execute a classic restoration project. The sprawling lot provides rare, expansive spacing between units, ample open parking, and plenty of outdoor space for tenants.Conveniently located with easy access to local schools (Roosevelt Elementary, Emerson Jr. High, and Bakersfield High School), shopping, dining, and transit. Property to be sold as-is. Offers are to be made subject to interior inspection please do not disturb the tenants. Don't miss out on adding this high-potential multi-family portfolio piece to your investment strategy!

319 Holtby Rd, Bakersfield

Courtesy of Esteban Contreras with Watson Realty

$434,000
3 Beds
Beautifully updated Rosedale home on an oversized lot! This move-in ready 3-bedroom, 2-bath home with a 2-car garage features numerous upgrades throughout, including an upgraded kitchen, new windows, fresh interior & exterior paint, new carpet, newer garage door, newer AC unit, and a renovated primary bathroom shower. Inside offers two spacious living areas, two dining spaces, indoor laundry, and a functional layout perfect for everyday living and entertaining. Step outside to a covered patio with ample room for gatherings, future pool plans, or relaxing evenings. The property also includes small RV/boat parking, a private courtyard, raised garden beds with drip irrigation, and mature fruit trees including Asian pear, peach, nectarine, cherry, lemon, mandarin, and Cara Cara orange. Located near great schools, parks, restaurants, and shopping, this home offers comfort, upgrades, and lifestyle all in one!

11601 Jenlee Ave, Bakersfield

Courtesy of Talia C Heaton with eXp Realty of Southern California, Inc

$475,000
3 Beds
Welcome to Riviera Westchester living! This spacious 3-bedroom, 3-bath home offers 2,574 square feet of thoughtfully designed living space in one of Central Bakersfield's most established neighborhoods. Inside, you'll find both a formal living room and a separate deneach with its own fireplacecreating flexible spaces for entertaining and everyday comfort. Two dining areas provide options for both casual meals and more formal gatherings. Recent window upgrades enhance energy efficiency and natural light, while the solar system can help to keep utility costs in check. Other updates include new carpeting in the bedrooms, paint throughout and the removal of the popcorn ceiling. The backyard is ready for your design. The large, covered patio is perfect for relaxing or hosting. There is plenty of room to build your dream outdoor setupwhether that's a pool, spa, outdoor kitchen, or all three. This home is ready to fit your lifestyle.

3124 Audubon Dr, Bakersfield

Courtesy of Terrye L Steiner with Broker X

$480,000
5 Beds
Experience the charm of the Westchester/Riviera neighborhood in this spacious 5-bedroom, 3-bath home. With over 2,600 sq. ft. of living space on a large 10,454 sq. ft. lot, this property offers the ideal balance of function, comfort, and convenience in one of Bakersfield's most established communities.This property features new interior paint, revitalized landscaping with 4,000 sq. ft. of Bermuda grass, and a reimagined irrigation system with new components throughout. Together, these updates deliver beautiful curb appeal and efficient maintenance.Enjoy lower energy costs with the solar PPA system, a two-car garage with lots of cabinet storage. Items included with the sale; washer, dryer, and two refrigerators. Located close to the bike trail, parks, shopping, and downtown Bakersfield, this home offers the comfort of established living with contemporary features that make a lasting impression.

2612 Elm St, Bakersfield

Courtesy of Gordon L Galindo with eXp Realty of California Inc

$1,080,088
HUGE Price Reduction!!!! The property generates a gross income of $98,400 annually right now, with rents ranging from $850 to $1,450, making it an excellent investment opportunity. Asking Price: $1,180,800 Contact us today to learn more!Corner Complex, mix of fourplex & triplex located at 2126 O Street in the desirable downtown Bakersfield neighborhood, all units completely have been rehabbed inside. This 7-unit property is near plenty of points of interests and landmarks! Walking distance from Downtown Elementary & 10-minute walk to Bakersfield Convention Center. Built in 1985 and featuring a mix of fourplex spacious 2-bedroom/1.75. bath units, 3 comfortable 1-bedroom/1-bath. The building offers approximately 5,618 square feet of rentable space. Recent upgrades include 4 new HVAC 2025 and freshly painted interior, with additional amenities like parking accessed via the alley and an on-site laundry room.

2126 O St, Bakersfield

Courtesy of Aman Sahami with TNT Real Estate

$370,000
4 Beds
This unique property features a beautifully updated 4-bedroom, 2-bath home with a spacious kitchen, offering both comfort and functionality. Zoned R3, this versatile property opens the door to a wide range of opportunities. Whether you need space for work equipment, recreational vehicles, or future development, this lot delivers. With the potential to build 6-7 additional units (buyer to verify), you can skip the hassle of acquiring additional land. Development possibilities are already in place! The property offers multiple options for future use, making it an excellent long-term investment. Ideal for investors seeking to maximize cash flow and build equity, this is a rare opportunity with significant upside.

1330 2nd St, Bakersfield

Courtesy of Alfredo Diaz de Leon with Miramar International Calloway

$549,950
4 Beds
Nestled in the highly coveted Westchester neighborhood, this timeless custom home offers many distinctive features rarely found today. Boasting 4 spacious bedrooms and 2.75 baths. Features include an elegant formal living room with fireplace, family room with vaulted beam ceilings and brick fireplace. Formal dining room with built in China hutch and concealed cabinetry for seamless storage. Spacious kitchen with abundant cabinetry, a charming breakfast nook, and large walk in pantry with space for an extra fridge. The private primary suite features a walk in dressing area with built-in dressers, bath with dual sinks and an expansive vanity. A unique highlight of the home is the separate wet bar room that opens to family room, complete with sink, built-in fridge, and Dutch door to the huge patio. Separate guest wing with bedroom and bath offers flexibility for extended family or visitors. Situated on a large corner lot with sparkling pool and a 2 car garage with a separate storage room.

2444 Pine St, Bakersfield

Courtesy of Greg L Holland with Coldwell Banker Preferred, REALTORS®

$319,500
3 Beds
OLEANDER GEM. Turn-key, Fully-rehabbed in central Bakersfield. Newly refurbished 3-bed,2-bath home OR can be split into TWO UNITS (2-bed,1-bath + 1-bed, 1-bath). PERFECT for Investors or First-Time Homebuyers looking for extra rental cash or to use as a Mother-in-Law unit. Live in one and rent the other! FHA ready. Desirable OLEANDER neighborhood with wide, tree-lined streets and almost zero vacancy. Central AC & Heat, updated kitchen and cabinetry, quartz countertops, wood-tile flooring, new energy-efficient windows, new paint throughout, both bathrooms completely renovated, detached 2-car garage with ALLEY ACCESS, tons of storage, large living room, and open kitchen/dining area. Covered porch perfect for morning coffee on those lazy weekend mornings. Highly desirable neighborhood due to easy access to downtown corridor, walk to schools, restaurants and transportation. Seller offering a $10,000 buyer credit with a full price offer. Priced to sell. Text listing agent for more info.

2231 Sunset Ave, Bakersfield

Courtesy of Tara L Lyons with Miramar Realty

$124,444
2 Beds
This thoroughly remodeled 2-bed, 2-bath manufactured home in the desirable Royal Palms 55+ Community is the opportunity you've been waiting for. All ceilings, walls and floors were removed to inspect, clean and repair the structure. This move-in ready home shows like a model and has many luxurious amenities. It features new High-end COREtec Luxury Vinyl Plank Flooring and a new subfloor. This home also features new energy-efficient windows, updated kitchen and bathroom countertops, custom tile showers, new toilets, recessed lighting and water heater. Your inner chef will love the remodeled kitchen with new cabinets and appliances, including a gas range and dishwasher. Additional highlights include indoor laundry, covered parking and a covered patio that is perfect for entertaining friends and family. Royal Palms offers resort-style amenities: two clubhouses, a pool and spa, game rooms, dog park, 3-hole golf course, BBQ areas, and RV storage.

717 45th St, Bakersfield

Courtesy of Martin A Buchanan with KW Kern

$56,000
Builder's dream opportunity at 2201 & 2205 O St in Bakersfield! Two adjacent, cleared lots ready for immediate development. Buy one or secure both for a larger project. Zoned C-2 with strong potential for residential use (buyer to verify with City of Bakersfield), offering flexibility for a range of build options. 2201 includes an existing water line, while 2205 qualifies for NEW no-cost water service and meter from Cal Water (up to 2-inch line), delivering significant savings. Located in an established neighborhood with nearby utilities, these lots provide a smooth path to development. Ideal for builders and investors looking for upside, efficiency, and opportunity. Buyer to verify all details, zoning, and permitted uses. Broker not responsible for accuracy.

2201 O St, Bakersfield

Courtesy of Nona Darling with RE/MAX Golden Empire

$56,000
Builder's dream opportunity at 2201 & 2205 O St in Bakersfield! Two adjacent, cleared lots ready for immediate development. Buy one or secure both for a larger project. Zoned C-2 with strong potential for residential use (buyer to verify with City of Bakersfield), offering flexibility for a range of build options. 2201 includes an existing water line, while 2205 qualifies for NEW no-cost water service and meter from Cal Water (up to 2-inch line), delivering significant savings. Located in an established neighborhood with nearby utilities, these lots provide a smooth path to development. Ideal for builders and investors looking for upside, efficiency, and opportunity. Buyer to verify all details, zoning, and permitted uses. Broker not responsible for accuracy.

2205 O St, Bakersfield

Courtesy of Nona Darling with RE/MAX Golden Empire

$1,225,000
Turnkey 8-Unit Spanish-Style Multifamily | Fully Renovated | $1.2M | Strong In-Place IncomeThis is one of the cleaner small multifamily deals we've seen recently.Fully renovated 8-unit Spanish-style property priced at $1.2M, generating $9,000/month ($108K annually) with rents already at or very close to market. This property combines character, functionality, and a clean operational profile, while also having a desirable central location.The seller just completed a full rehab, so an investor is stepping into a true turnkey situation without taking on construction risk, lease-up risk, or rent speculation. That alone is where most of the value is here.Ideal for investors seeking a low maintenance asset! Call for more details today!Unit mix is ideal for the current marketprimarily 1-bedrooms at $1,100 with washer/dryer hookups, plus two 2-bedrooms at $1,200. It's a bread-and-butter renter profile that stays consistently occupied.All units feature washer/dryer hookups.

1800 Forrest St, Bakersfield

Courtesy of Troy T Lei with Miramar Realty

$347,000
8 Beds
Investor opportunity with serious upside. This unique property features three total units on one lot, offering strong flexibility for rental income or multi-generational living. The front house is a 3-bedroom, 1-bath unit. In the rear, there are two additional units, consisting of a 2-bedroom, 1-bath and a 3-bedroom, 1-bath. Zoned R-3, the property provides multiple possibilities for future use and long-term value. With a total of 8 bedrooms and 3 bathrooms across all units, this setup is ideal for investors looking to maximize cash flow and build equity. The property is currently a work in progress and not fully complete, but it is well on its wayoffering a great opportunity for a buyer to finish the vision and add significant value.

619 L St, Bakersfield

Courtesy of Jesse Roman with Dream Home Realty

Provided Courtesy Of Bakersfield Association of Realtors.
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