1001 El Tejon, Bakersfield, CA 93308
- $450,000
- List Price
- $450,000
- Status
- ACTIVE
- MLS#
- OC26145218
- Year Built
- 1981
- Lot Size
- 5,654
- Acres
- 0.13
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 25
- Property Type
- Multifamily
- Property Sub Type
- Duplex
Property Description
Excellent investment opportunity! This duplex was extensively renovated from the ground up in 2023, offering modern upgrades and strong income potential. Each unit features 3 bedrooms, 2 bathrooms, in-unit laundry hookups, and updated kitchens with newer appliances. One unit is currently occupied by a Section 8 tenant who is in good standing, providing immediate rental income. The second unit is vacant and presents an opportunity for an owner-occupant or investor. The vacant unit recently experienced fire damage; however, permits have been pulled and secured, the plumbing has been replaced, the electrical system has been updated, and cosmetic finishes have been completed, allowing the next owner to complete the remaining work. The property also offers ample off-street parking for both units. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this property offers excellent potential. Buyers are encouraged to conduct their own due diligence regarding the status of repairs, permits, and any remaining work.
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Operating Expense
- 350
Listing courtesy of Listing Agent: Genesis White (gnss_wht@yahoo.com) from Listing Office: Real Estate Source, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.