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3 Beds
2 Baths
1,450 sqft

$475,000

1500 Palm, Bakersfield CA, 93305

Price per sqft$327.59
Built in1935
Property size1,450 sqft
Property typeMulti-family
Listed by Genesis White CA DRE# 01976959 with Real Estate Source, Inc 323-842-4991

Overview

Active

Listed Sep 3, 2026

Updated 3 weeks ago

Welcome to this spacious and versatile Bakersfield property offering comfortable living, valuable updates, and excellent rental potential. The main residence features 3 bedrooms and 2 bathrooms with an abundance of living space, new fixtures, wood flooring, new windows, a new water heater, updated kitchen appliances and fixtures, and a split-system A/C throughout the home. The inviting living room features a fireplace, while the generous yard provides plenty of outdoor space for entertaining, recreation, or relaxation. Off the kitchen is an unfinished basement area offering additional flexibility and potential. With the appropriate approvals, this space may provide an opportunity for additional living area, storage, or other uses. The property also includes a detached 2-car garage that has been meticulously converted into additional living space. This converted area was recently rented for approximately three years and offers a bedroom plus a large bonus room that was utilized as a bedroom, providing significant flexibility for extended living, rental, or guest accommodations. The front unit is currently occupied by a reliable tenant paying $2,000 per month plus all utilities, with the owner currently responsible only for water. The rear unit is vacant and was most recently rented for $1,650 per month, offering an immediate opportunity for a new owner to establish rental income. The rear unit also features separate washer/dryer hookups and is separately gated from the main house for added privacy and convenience. Additional features include an ADT alarm system, spacious interiors, ample parking, and multiple areas that provide flexibility for owner-occupancy, extended family, or rental use. With existing rental income and additional income potential, this property presents an excellent opportunity for investors or buyers seeking a property with versatility and upside. Buyer to verify all square footage, bedroom/bathroom counts, conversions, additions, basement use, permits, zoning, and other property information to their own satisfaction and due diligence. Property was purchased AS-IS by the current seller. Buyer and buyer's agent to independently verify all information and permitted uses with the appropriate authorities.

$3,160/mo

Est. mortgage payment based on a $475,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
OC26193300

Interior Features

Bedrooms
3
Bathrooms
2
Fireplace
Yes
Cooling
Yes
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

View
Yes
55+/Senior Community
No
MLS provider logo

Listed by Genesis White CA DRE# 01976959 with Real Estate Source, Inc 323-842-4991

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/10/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/10/2026 at 3:17 AM UTC Last Checked: 3:17 AM UTC

 

 

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