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1500 Palm, Bakersfield, CA 93305

$475K3bd · 2ba · 1,450 sqft
Lot 6,724 sqft•Duplex•
Active
•39d on market•MLS# OC-26193300

Property Description

Welcome to this spacious and versatile Bakersfield property offering comfortable living, valuable updates, and excellent rental potential. The main residence features 3 bedrooms and 2 bathrooms with an abundance of living space, new fixtures, wood flooring, new windows, a new water heater, updated kitchen appliances and fixtures, and a split-system A/C throughout the home. The inviting living room features a fireplace, while the generous yard provides plenty of outdoor space for entertaining, recreation, or relaxation. Off the kitchen is an unfinished basement area offering additional flexibility and potential. With the appropriate approvals, this space may provide an opportunity for additional living area, storage, or other uses. The property also includes a detached 2-car garage that has been meticulously converted into additional living space. This converted area was recently rented for approximately three years and offers a bedroom plus a large bonus room that was utilized as a bedroom, providing significant flexibility for extended living, rental, or guest accommodations. The front unit is currently occupied by a reliable tenant paying $2,000 per month plus all utilities, with the owner currently responsible only for water. The rear unit is vacant and was most recently rented for $1,650 per month, offering an immediate opportunity for a new owner to establish rental income. The rear unit also features separate washer/dryer hookups and is separately gated from the main house for added privacy and convenience. Additional features include an ADT alarm system, spacious interiors, ample parking, and multiple areas that provide flexibility for owner-occupancy, extended family, or rental use. With existing rental income and additional income potential, this property presents an excellent opportunity for investors or buyers seeking a property with versatility and upside. Buyer to verify all square footage, bedroom/bathroom counts, conversions, additions, basement use, permits, zoning, and other property information to their own satisfaction and due diligence. Property was purchased AS-IS by the current seller. Buyer and buyer's agent to independently verify all information and permitted uses with the appropriate authorities.

Features & Amenities

FeeBuilt 1935

Property Details

Land Type
Fee
Year Built
1935
Property Type
Residential
Property Subtype
Duplex
Parking Spaces
0
Garage Spaces
0
Cooling
Central Air
City
Bakersfield
Zip Code
93305
County
Kern
Listed byReal Estate Source, Inc, Genesis T White

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,401.86
Principal & Interest
Loan Amount
$380,000
Total Interest
$484,669
Total Payment Over 30 Years
$864,669
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 0 active · 0 closed

1500 Palm, Bakersfield, CA 93305

Bakersfield · Duplex

$475K
Affordable Tier
Beds
3
Baths
2
Sqft
1,450
Lot
6,724 sqft
Year
1935
$/Sqft
$328
Pool: No✓

Comparable sales support the current list price.

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.