1303 Washington
Bakersfield, CA, 93308
$425,000
MLS: CV26058597
Beds
2
Baths
1
Sq Ft
2,052
Lot
0.14 ac
Year Built
1964
MLS #
CV26058597
Days on Market
10
Listed
Mar 17, 2026
Description
Each unit features a practical layout with 2 bedrooms and 1 bathroom. Situated in the Oildale neighborhood of Bakersfield, 1303 Washington Avenue offers a well located investment opportunity with three individual residents on one parcel. This property is approximately 2,052 square feet of living space on a 6,100± sq ft lot. Talk about a solid foundation for consistent rental income and long term appreciation. Appealing to tenants seeking comfortable and affordable living options. The friendly single story allows for simplified maintenance and support stable occupancy. The property includes on site uncovered parking and benefits from a convenient location near key neighborhood amenities and commuter routes. Notable nearby landmarks include North Beardsley Park, Buck Owens' Crystal Palace, and Meadows Field Airport, all of which contribute to the area’s accessibility and tenant appeal. This makes it an excellent option for investors looking to grow their portfolio at a reasonable price and income. As for it being an owner occupied opportunity, this may be what you are waiting for to allow you to offset living costs by renting out the additional units. Overall, 1303 Washington Avenue presents a strong combination of unit mix, location, and income potential, making it a valuable addition to any residential income portfolio in the Bakersfield market.
Location
Bakersfield, Kern County, CA 93308
Open on Google Maps ↗Listed by: Salvador Armijo · CARNAVAL REALTY
Payment estimate
$3,252
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $42,500 · Loan: $382,500
- Principal & Interest
- $2,350
- Property tax (1.25%)
- $443
- Homeowners insurance
- $300
- Mortgage insurance
- $159
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Bakersfield home with as little as 3.5% down using an FHA loan — roughly $14,875 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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