$8,301 Closing Credit¹
#202412146, Robert E Murray, Listing Office: Miramar International-Riverwalk
$674,999 List price
701 Woodrow Ave Bakersfield, CA 93308
$8,016
Closing credit¹
2,984 sqft
$226 / sqft
Multi-Family
Property details
About 701 Woodrow Ave
We are honored to exclusively bring to market this turnkey 5-unit multifamily investment with massive upside. Offering +/- 3,500 SF of rentable space, this property delivers strong cash flow, minimal maintenance, and a clear path to higher returnsa perfect fit for 1031 exchange buyers and long-term investors looking for a plug-and-play asset with built-in value-add potential. The heavy lifting is donewith $200K+ in renovations, four of five units are fully remodeled, plus a new sewer line, updated plumbing, and electrical upgrades keep maintenance costs low. It's 100% occupied, generating immediate cash flow, while below-market rents create room for serious income growth. The unrenovated 3-bedroom house offers a major opportunity to push rents even higher, with the potential to add an extra $400-$500/month in income once upgraded. This is a prime value-add opportunity, with 30%+ rental upside already built inready for the right investor to unlock its full potential!
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Size2,984 sqft
Year built1938
MLS #202502063
Summary
- MLS Number: 202502063
- MLS Name: Bakersfield
- Office Name: Watson Realty
- Office Email: esteban@vanguardrealtyinvestments.com
- Listing Agent: Esteban Contreras
Based on information from Golden Empire MLS, Inc. 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. Copyright 2025 Bakersfield Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 11:45:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$674,999
701 Woodrow Ave
$8,016
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 21, 2020 | Home Sold | $270,000 |
| Jan 23, 2019 | Home Sold | $238,000 |
| Jul 30, 1999 | Home Sold | $65,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $341,251 | $7,995 |
| 2023 | $334,560 | $6,275 |
| 2022 | $328,000 | $6,439 |
| 2021 | $270,000 | $6,077 |
| 2020 | $242,760 | $4,734 |
| 2019 | $89,541 | $2,759 |
| 2018 | $87,786 | $2,692 |
| 2017 | $86,065 | $2,692 |
History based on county public records data.
Nearby schools
3
North Beardsley Elementary School
Public District KG-6
0.4 mi
•900 Sanford Dr
4
Wingland Elementary School
Public District KG-5
0.6 mi
•701 Douglas St
3
Beardsley Elementary School
Public District KG-6
0.7 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 $21,935. The most common annual income of people living in Bakersfield, CA is less than $<35k. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
59%
<35k
34%
35k-100k
6%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
38%
Single, No Kids
25%
Single, with Kids
19%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
9%
12-17 yrs old
28%
18-34 yrs old
36%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 701 Woodrow Ave in Bakersfield, CA and zip code 93308 in the North Bakersfield neighborhood. This 2,984 square foot home was built in 1938. Features: 0 bathroom. It has been listed on Rocket Homes since February 21, 2025 and is currently priced at $674,999.
While more than 63 listings in Bakersfield, CA in January 2025 were sold above asking price, there were more than 91 listings sold at asking price, and more than 123 were sold below. The inventory of homes for sale in Bakersfield, CA between December and January 2025 increased by 17.3%. In January 2025, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $385,768.
From Rocket Homes Real Estate and based on county public records data.