1724 Terrace Way, Bakersfield, CA, 93304
About This Home
Fantastic income-producing property featuring two separate units with reliable tenants already in place. The front home offers 3 bedrooms and 2 bathrooms, providing a spacious and comfortable layout for long-term occupancy. The back unit has been newly remodeled and features 2 bedrooms and 1 bathroom, and aproximatly 750sq feet showcasing updated finishes and modern appeal.Both units are currently occupied by good tenants, making this an excellent turnkey investment with immediate cash flow. Conveniently located and well-maintained, this property offers a great opportunity for investors looking to expand their portfolio or owner-occupants seeking supplemental rental income.
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
Features
- Number of fireplaces: 1
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,635
- Total interior livable area: 1,635 sqft
Property
Details
- Parcel number: 14731008
- Zoning: R2
- Zoning description: R2
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Pool features: None
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters in Kern County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,401 | $28,812 |
| Home Insurance * | $183 | $2,196 |
| Property Taxes | $572 | $6,864 |
| Electricity | $398 | $4,786 |
| Total | $3,554 | $42,648 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-12 | Listed for sale | $475,000 |
| 2026-04-09 | Listing removed | $493,000 |
| 2026-03-29 | Listing removed | $2,150 |
| 2026-03-10 | Listed for rent | $2,150 |
| 2025-11-03 | Listed for sale | $493,000 |
| 2025-09-20 | Listing removed | $1,999 |
| 2025-09-14 | Price change | $1,999 |
| 2025-08-22 | Listed for rent | $2,100 |
| 2022-11-29 | Sold | $255,000 |
| 2022-10-14 | Pending sale | $264,900 |
| 2022-10-06 | Listed for sale | $264,900 |
| 2018-06-20 | Sold | $166,000 |
| 2018-02-28 | Listing removed | $165,000 |
| 2016-11-10 | Listing removed | $1,150 |
| 2015-10-06 | Listing removed | $1,050 |
| 2015-10-05 | Price change | $1,050 |
| 2015-09-21 | Listed for rent | $1,150 |
| 2015-09-21 | Listing removed | $159,990 |
| 2015-09-12 | Price change | $159,990 |
| 2015-09-02 | Price change | $169,990 |
| 2015-08-05 | Price change | $174,500 |
| 2015-07-23 | Price change | $179,000 |
| 2015-07-11 | Listed for sale | $189,990 |
| 2014-12-03 | Sold | $124,000 |
| 2014-09-27 | Price change | $149,900 |
| 2014-09-06 | Listed for sale | $179,900 |
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