715 31St Street Bakersfield, CA ^$ 350,000

715 31St Street

^$ 350,000

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Recently Listed

715 31St Street

Bakersfield, CA, 93301

^$ 350,000

Studio Baths0.0 Sq 2,505

Monthly Estimate*

^$ 2,155

715 31St Street, Bakersfield, CA 93301 - Image 1

715 31St Street, Bakersfield, CA 93301 - Image 2

715 31St Street, Bakersfield, CA 93301 - Image 3

715 31St Street, Bakersfield, CA 93301 - Image 4

Studio

Multi-Family Home for sale in Bakersfield, CA

for $350,000. This 2,505 square foot home was built in 1947.

Located at 715-717-719 31st Street in central Bakersfield, this value-add triplex offers a rare opportunity to acquire three detached homes on one lot for $350,000. Built in 1947 and totaling approximately 2,505 square feet, the property includes a 1-bedroom/1-bath unit that is currently vacant and ready for a full rehab, alongside a 2-bedroom/1-bath unit renting for $925 and a 3-bedroom/1.75-bath unit renting for $1,000. With upside through renovation and rent stabilization, the property is projected to achieve a gross scheduled income of $33,840 once fully stabilized, making it an attractive option for investors seeking both immediate cash flow and long-term appreciation potential.

Multi-Family Active

Price

^$ 350,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

3 Units

Year Built

1947

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202600528

Features

Exterior

Parking Features Uncovered

Garages 0

Parking 0.00

Lot Size Source (Public Record)

General

Year Built 1947

Neighborhood Homaker Park

Subdivision Homaker Park

Stories Count 1

Property Subtype 3 Units

Gross Income 33840.00

County Kern

Net Operating Income 16132.00

Property Type Residential Income

Close Price 0.00

Status Active

High School Bakersfield

City Bakersfield

Disclosures None of the Above

Number Of Units Total 3

MLS Area 10

Lot Size Units SqFt

Lot Size Square Feet 10018.00

Elementary School Hills Stella

Middle/Junior High School Emerson

Cap Rate 0.05

Internal Only

Street Number 1 715

* Excluded Features

List By

Marc A Thurston

Listing Agent

Asu Commercial

Broker

thurston@asuassociates.com

Affordability Calculator

$2,155

Per Month

Monthly Principal & Interest: $2,155
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 ^$707,724

Percent of Sale Price 102%

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.

5248894 Elementary School

1905005 Middle School

Bakersfield High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/15/2026	$350,000		Listed Price

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715 31St Street, Bakersfield, CA, 93301 is a Multi-Family Home for sale at $350,000 with 2,505 sqft. 715 31St Street is a studio with 0.0 baths and was built in 1947. The property's zip code is 93301 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 1/15/2026. 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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715 31St Street

Multi-Family Home for sale in Bakersfield, CA

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