$314,900

$314,900

Est. $2,084/mo · 20% down · 6.5% · 30yr

314 Monterey Street, Bakersfield, CA, 93305

MLS# 202606854

Active
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0
7,405lot sqft
1981built
2 days on market

About this home

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.

Property Details

💰

$314,900

Price

🛏

0 bd

Bedrooms

🌿

7,405 sqft

Lot Size

🏗️

1981

Year Built

🚗

2 car

Garage

🏠

2 homes on 1 Lot

Type

📅

2 days

Days Listed

✓ Active ListingBakersfield, CA 93305

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Loan Term

$314,900
%
3%50%
$15,745 down
%
3%12%
%
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Total Monthly (PITI+MI)

$2,449

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$1,891
Property Taxes / mo$328
Home Insurance / mo$120
PMI (Mortgage Insurance)$110
Total Est. Payment$2,449
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93305

Market Stats

Active Listings

167

ZIP 93305

Median List Price

$339K

ZIP 93305

Avg Days on Market

98

Bakersfield avg

Sale / List Price

97.8%

avg ratio

314 Monterey Street, Bakersfield, CA, 93305

Listed by: Ian A Mellon, Keller Williams Realty

MLS#: 202606854

Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer

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