$10,000 Closing Credit¹
#SR25038723, Irma Vergaray, Listing Office: PAK Home Realty
#GD25024858·
Listing office: JohnHart Real Estate·
Listing agent: Karine Haneyan·
Listing office phone: 818-246-1099
$1,595,000 List price
116 Beardsley Ave Bakersfield, CA 93308
$10,000
Closing credit¹
0.5 acres
Condo
Property details
About 116 Beardsley Ave
This property offers an exceptional high cap rate of over 9% and immediate opportunity to increase cash flow. Excellent value-add property with most rents poised for a 10% increase in 2025, with market rents reaching up to $1,375 per month, unlocking substantial revenue potential. Each unit comes with separate utility meters, making it easier to manage costs, while the roof-mounted AC units with central heating and air conditioning provide added convenience and energy efficiency. Eight units have been updated in 2024 including heaters and A/C units, plumbing and more. All units come with a parking, plus 2 guest parking spots; easily reline the lot to create even more parking spaces to increase tenant satisfaction and appeal. This is a rare opportunity for investors looking for a property with strong income growth, low operating costs, and increasing market demand. The laundry room is not being used; this can add more income if operated. The street is part of the city's beautifying project adding additional value for the years to come. Additionally, two new apartment buildings are planned in the area, boosting future demand and property value. Close to shopping and freeways, the building has a very high occupancy rate and quick turnover.
Highlights
Home typeCondominium
StatusActive
Lot size0.45 Acres
Year built1969
MLS #GD25024858
Summary
- Private Pool: No
- List Price: $1,595,000
- Annual Tax Amount: $17,312
- Tax Year: 2024
- Directions: Take Chester Ave to Beardsley Ave
- Year Built: 1969
- Stories: 2
- Lot Size: 0.45 Acres
- MLS Number: GD25024858
- MLS Name: CRMLS
- Office Name: JohnHart Real Estate
- Office Phone: (818) 246-1099
- Office Email: inf@jhhre.com
- Listing Agent: Karine Haneyan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/29/2025, 7:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,595,000
116 Beardsley Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 18, 2015 | Home Sold | $675,000 |
| Dec 07, 2012 | Home Sold | $535,000 |
| May 15, 2012 | Home Sold | $430,000 |
| Sep 30, 2008 | Home Sold | $630,000 |
| Mar 24, 2004 | Home Sold | $585,000 |
| May 10, 2002 | Home Sold | $420,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $795,333 | $17,312 |
| 2023 | $779,739 | $16,751 |
| 2022 | $764,451 | $15,856 |
| 2021 | $749,463 | $14,952 |
| 2020 | $741,779 | $14,256 |
| 2019 | $727,236 | $15,872 |
| 2018 | $712,977 | $15,263 |
| 2017 | $698,998 | $15,263 |
History based on county public records data.
Nearby schools
2
Stella Hills Elementary School
Public District KG-6
0.9 mi
•3800 Jewett Ave
2
Standard Elementary School
Public District KG-5
0.9 mi
•115 E Minner Ave
3
Beardsley Elementary School
Public District KG-6
1.0 mi
•1001 Roberts Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $19,843. Typical income of Bakersfield, CA residents is less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
73%
<35k
24%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
56%
Single, No Kids
22%
Single, with Kids
9%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
7%
12-17 yrs old
25%
18-34 yrs old
42%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 Beardsley Ave
The listing price of 116 Beardsley Ave property is $1,595,000.
The property 116 Beardsley Ave is a condo located in Bakersfield, California, 93308.
Active Listing: 116 Beardsley Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 Beardsley Ave are: Stella Hills Elementary School (GreatSchools Rating 2/10), Standard Elementary School (GreatSchools Rating 2/10), Beardsley Elementary School (GreatSchools Rating 3/10), Standard Middle School (GreatSchools Rating 4/10), Beardsley Junior High School (GreatSchools Rating 4/10), Downtown Elementary School (GreatSchools Rating 8/10), Valley Oaks Charter (GreatSchools Rating 6/10), North High School (GreatSchools Rating 4/10), Kern County Community (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $17,312 (source: MLS/based on county public records data).
The last sale was on June 18, 2015 for $675,000 (source: MLS/tax record).
The property at 116 Beardsley Ave has 0 bathroom.
The year of construction for 116 Beardsley Ave is 1969.
This home is located at 116 Beardsley Ave in Bakersfield, CA and zip code 93308 in the North Bakersfield neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 5, 2025 and is currently priced at $1,595,000.
Over 120 listings were sold over their listed price in April 2025 in Bakersfield, CA. In the same period over 152 listings were sold below the listed price and 120 listings were sold for the listed price. The inventory of homes for sale in Bakersfield, CA between March and April 2025 increased by 7.7%. While the average time on the market in April 2025 was 46 days, the median list price was $389,458.
From Rocket Homes Real Estate and based on county public records data.