1
Map
$370,000
●
House -
Off Market
600 Olive
Bakersfield, CA 93304
3 Beds
2 Baths
1,392 Ft²
$1,999
Est. Monthly
About This Property
Two homes on one corner lot in the Oleander area. Incredible
opportunity to own a versatile property perfect for
multi-generational living, generating rental income, or maximizing
your investment potential! The main home offers wood-look flooring
throughout and a bright kitchen with plenty of natural light. Both
homes feature fresh interior paint for a clean, move-in ready feel.
The back unit is a 1 bedroom, 1 bathroom home with a full kitchen
and includes a new mini-split system for efficient heating and
cooling. Separate living spaces provide flexibility for tenants,
extended family, or guests. Great opportunity for buyers seeking an
income-producing property or ADU-style setup. Conveniently located
near the 99 freeway, schools, shopping, and amenities. Don't miss
this versatile property!
Unit Size
1,392 Ft²
Days on Market
136 days
Land Size
0.17 acres
Price per sqft
$292
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1926
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (CRMLS #SR26097446)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 18, 2026 | Sold | ||
| Sold | |||
| Jul 2, 2026 | In contract | - | |
| In contract | |||
| May 5, 2026 | Listed by Coldwell Banker Preferred Realtors | $407,000 | |
| Listed by Coldwell Banker Preferred Realtors | |||
| Jul 31, 2025 | Listed | $419,000 | |
| Listed | |||
| | |||
|
Two Homes on 1 Corner Lot zoned R3!! Perfect for large/extended families and ideal for an investors portfolio. Front unit is a 3 bedroom 1 bath beautifully updated with RV parking, carport and outdoor utilities. Back unit is attached to the 2 car garage, 1 bedroom 1 bath, open living area with kitchen.Wood laminate flooring, spacious yard, fencing all around and alleyway access. Photos were taken before the tenants moved in
| |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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About Oleander-Sunset
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Laurie McCarty, Coldwell Banker Preferred Realtors
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SR26097446
Last Updated: 2 months ago
Data Source: CRMLS, MLS# SR26097446
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