707 Sterling, Bakersfield, California 93534, Bakersfield, - bed, bath
ACTIVE$550,000
707 Sterling, Bakersfield, California 93534
0Bed
0Bath
3,600Sqft
7,500Lot
Year Built
1982
Close
-
List price
$550K
Original List price
$550K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25218757
Home ConditionFair
Features
View-
About this home
BACK ON THE MARKET, JUST CANCELLED ESCROW AT NO FAULT OF SELLER. Fantastic investment opportunity in Bakersfield! This well-maintained 4-unit property features spacious 2-bedroom, 1-bathroom units, each equipped with in-unit laundry and efficient mini-split systems for heating and cooling. The property offers shared parking conveniently located adjacent to the neighboring condo complex. A key highlight is that this property meets FHA self-sufficiency requirements, providing excellent financing options for both investors and potential owner-occupants. With strong rental demand and modern amenities, 707 Sterling Rd is a perfect addition to any portfolio.
Price History
Date
Event
Price
09/16/25
Listing
$550,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (2 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,600 | 2,725 | 67% |
| Lot Size | 7,500 | 7,500 | 50% |
| Price | $550K | $550K | 50% |
| Price per square foot | $153 | $216 | 33% |
| Built year | 1982 | 1970 | 67% |
| HOA | |||
| Days on market | 50 | 149 | 33% |
Condition Rating
Fair
Built in 1982, this property shows signs of regular maintenance and some functional updates, such as efficient mini-split heating/cooling systems and newer laminate flooring/carpet in some areas. However, the kitchens feature dated dark wood cabinets, basic laminate countertops, and older appliances, while the bathrooms have basic vanities and older tile work. These elements, along with popcorn ceilings, suggest that major renovations to these key areas have not occurred in the last 15-30 years, aligning with a 'fair' condition where the home is aged but maintained, and major components are functional but outdated.
Pros & Cons
Pros
Income-Generating Quadruplex: This is a dedicated 4-unit residential income property, offering significant cash flow potential and portfolio diversification for investors.
FHA Self-Sufficiency: The property meets FHA self-sufficiency requirements, broadening the buyer pool to include owner-occupants and investors seeking favorable loan terms.
Modern Tenant Amenities: Each unit is equipped with highly desirable in-unit laundry and efficient mini-split systems for heating and cooling, enhancing tenant appeal and retention.
Well-Maintained Condition: Described as 'well-maintained,' suggesting reduced immediate capital expenditure and a positive tenant experience.
Spacious Unit Layouts: Features spacious 2-bedroom, 1-bathroom units, which are attractive to a wide range of renters and contribute to strong rental demand.
Cons
Recent Escrow Cancellation: The property recently fell out of escrow, which, despite being 'no fault of seller,' may raise questions for potential buyers and warrant additional due diligence.
Shared Parking Arrangement: Parking is shared with an adjacent complex, which could potentially lead to management complexities or tenant inconveniences if not clearly defined.
Age of Property: Built in 1982, the property is over 40 years old, potentially indicating older infrastructure that may require future maintenance or upgrades despite current 'well-maintained' status.