1612 1st Street , Bakersfield, CA 93304

This charming Spanish-style 10-unit apartment

property in Bakersfield presents a rare and beautiful

value-add investment opportunity. The property

features distinctive Spanish cottage architecture with

red-tile roofs, arched entryways, and lush landscaping

that exudes curb appeal and timeless character. Each

unit is thoughtfully designed with spacious layouts and

classic details that attract quality tenants. With strong

in-place cash flow, the investor can enjoy immediate

income from a stabilized rental base in a high-demand

submarket.

What sets this opportunity apart is the significant

upside potential through the conversion of eight

detached garages. The investor has the option to create

new revenue streams by converting the garages into

rentable accessory dwelling units (ADUs), tapping into

the growing demand for affordable housing in

Bakersfield. Alternatively, the garages can be leased as

storage units for additional monthly income. This

flexible value-add strategy offers both immediate and

long-term income growth, making it an ideal opportunity

for a savvy investor looking to capitalize on both yield

and appreciation in a growing Central Valley market.