615 Olive Street Bakersfield, CA ^$ 430,000

615 Olive Street

^$ 430,000

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Recently Listed

615 Olive Street

Bakersfield, CA, 93304

^$ 430,000

Studio Baths0.0 Sq 2,078

Monthly Estimate*

^$ 2,648

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $430,000. This 2,078 square foot home was built in 1954.

Three units on the lot, and all are leased! 615 Olive Street is a corner lot featuring a duplex plus a standalone 2-bedroom home. 100% occupied and generating $3,640/month in current rents. All units are 2BD/1BA with their own private areas and solid, paying tenants already in place. The main house has been remodeled, updated, re-plumbed, and had a new AC installed, all within the last 10 years! Newer windows throughout and central air/heating in well-maintained condition. Situated in the historic Oleander neighborhood, just minutes from downtown Bakersfield. Ready to perform from day one!

Multi-Family Active

Price

^$ 430,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

3 Units

Year Built

1954

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202605945

Features

General

Living Area 2078.00

Year Built 1954

Neighborhood Oleander

Subdivision Santa Fe Addition #1

Stories Count 1

Property Subtype 3 Units

Parcel Number 00738109

Gross Income 43680.00

County Kern

Net Operating Income 24988.00

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 7405.00

Elementary School Penn William

Middle/Junior High School Emerson

Cap Rate 0.06

Exterior

Parking Features Other

Garages 0

Parking 0.00

Lot Size Source (Public Record)

Internal Only

Street Number 1 615

* Excluded Features

List By

Philip M Jordan

Listing Agent

Keller Williams Realty

Broker

phil@jordanapartmentguys.com

Affordability Calculator

$2,648

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Monthly Principal & Interest: $2,648
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 ^$730,818

Percent of Sale Price 70%

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.

5248196 Elementary School

1905005 Middle School

Bakersfield High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/3/2026	$430,000		Listed Price

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615 Olive Street, Bakersfield, CA, 93304 is a Multi-Family Home for sale at $430,000 with 2,078 sqft. 615 Olive Street is a studio with 0.0 baths and was built in 1954. 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 6/4/2026. 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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615 Olive Street

Multi-Family Home for sale in Bakersfield, CA

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