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$ 314,900
Est. payment /mo
Price Dropped by $10K
314 Monterey Street Bakersfield, CA 93305
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 homes on 1 Lot
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202606854
Year Built 1981
Property Sub-Type 2 homes on 1 Lot
Property Description
Calling ALL investors. CAP Rate through the ROOF. Welcome to 314 Monterey St in NE Bakersfield, a beautifully upgraded property featuring a front home (1350 sf) plus a fully equipped studio ADU (515 sf), perfect for multi-generational living or rental income. The front unit offers 2 large bedrooms, 1 bathroom, indoor utility, and a spacious living room, while the rear studio ADU features its own living area, bedroom, kitchenette, bathroom, and private indoor utility for washer and dryer. Both units have been fully remodeled with modern finishes, black fixtures, and white dolomite countertops throughout. Each unit has separate access and dedicated parking, providing excellent privacy and flexibility. The property is connected to one electrical meter with a brand-new solar system designed to offset 100% of the electrical usage, making it extremely beneficial for dual occupancy and long-term savings. Investor: Pro Forma Rents are approx $1750 front unit and $1000 back unit.
Location
State CA
County Kern
Area 32
Exterior
Parking Features Uncovered, Other
Parking On Site 2
Building
Story 1
Schools
Elementary Schools Longfellow
Middle Schools Washington
High Schools Bakersfield
Listed by Ian A Mellon • Keller Williams Realty