Description

Situated in the Oildale neighborhood of Bakersfield, 1303 Washington Avenue offers a well located investment opportunity with three individual residents on one parcel. This property is approximately 2,052 square feet of living space on a 6,100± sq ft lot. Talk about a solid foundation for consistent rental income and long term appreciation. Each unit features a practical layout with 2 bedrooms and 1 bathroom, appealing to tenants seeking comfortable and affordable living options. The friendly single story allows for simplified maintenance and support stable occupancy. The property includes on site uncovered parking and benefits from a convenient location near key neighborhood amenities and commuter routes. Notable nearby landmarks include North Beardsley Park, Buck Owens' Crystal Palace, and Meadows Field Airport, all of which contribute to the area’s accessibility and tenant appeal. This makes it an excellent option for investors looking to grow their portfolio at a reasonable price and income. As for it being an owner occupied opportunity, this may be what you are waiting for to allow you to offset living costs by renting out the additional units. Overall, 1303 Washington Avenue presents a strong combination of unit mix, location, and income potential, making it a valuable addition to any residential income portfolio in the Bakersfield market.