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1500 Palm Bakersfield CA 93305
Price $ 475,000
Listing ID OC26193300
Status Active
Property Type Duplex
County Kern
Beds 3
Baths 2
House Size 1450
Year Built 1935
Days on website 49
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.
Location
Financial Information
List Price: $ 475000
Property Features
Community Features: Sidewalks, Urban
High School District: Kern Union
Levels: Two
Senior Community YN: false
Structure Type: Duplex
View: Neighborhood
Water Source: Public
High School District: Kern Union
Senior Community YN: false
MLS Area Major: BKSF - Bakersfield
City: Bakersfield
Listed By:   Genesis White   Real Estate Source, Inc 
CA Lic#
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