1724 Terrace Way Bakersfield, CA ^$ 493,000

1724 Terrace Way

^$ 493,000

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1724 Terrace Way

Bakersfield, CA, 93304

^$ 493,000

Studio Baths0.0 Sq 1,635

Monthly Estimate*

^$ 3,035

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $493,000. This 1,635 square foot home was built in 1948.

Welcome to 1724 Terrace Way - a beautifully updated investment opportunity!This property has been thoughtfully refreshed, offering modern appeal and strong rental performance. The main home features recent updates throughout, providing comfort and style for tenants or future homeowners. Adding tremendous value, a newly constructed ADU built in 2023 offers 2 bedrooms and 1 bath, designed with a contemporary layout and efficient finishes.Both units are fully occupied and rented at market value, making this a turnkey investment. Conveniently located near schools, shopping, and major commuting routes, this property is ideal for investors seeking cash flow and long-term appreciation.Modern. Profitable. Front home is 3 bedrooms and 2 bathrooms.

Multi-Family Active

Price

^$ 493,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

2 homes on 1 Lot

Year Built

1948

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202512309

Features

Exterior

Parking Features Garage

Garages 0

Parking 0.00

Lot Size Source (Public Record)

General

Year Built 1948

Neighborhood South Oleander

Subdivision Mount Diablo Base & Meridian

Stories Count 1

Property Subtype 2 homes on 1 Lot

Gross Income 40800.00

County Kern

Net Operating Income 39600.00

Property Type Residential Income

Close Price 0.00

Status Active

High School West

City Bakersfield

Disclosures None of the Above

Number Of Units Total 2

MLS Area 51

Lot Size Units SqFt

Lot Size Square Feet 6969.00

Elementary School Evergreen

Middle/Junior High School Curran

Elementary School District Bakersfield City

Cap Rate 0.08

Internal Only

Street Number 1 1724

* Excluded Features

List By

Stephanie M. Nava

Listing Agent

D Best Realty, Inc.

Broker

realtorsnava@gmail.com

Affordability Calculator

$3,035

Per Month

Monthly Principal & Interest: $3,035
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bakersfield, CA

Average List Price ^$841,985

Percent of Sale Price 71%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2823898 Elementary School

1904575 Middle School

West High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/3/2025	$493,000		Listed Price

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1724 Terrace Way, Bakersfield, CA, 93304 is a Multi-Family Home for sale at $493,000 with 1,635 sqft. 1724 Terrace Way is a studio with 0.0 baths and was built in 1948. The property's zip code is 93304 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 1/8/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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1724 Terrace Way

Multi-Family Home for sale in Bakersfield, CA

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