Investment Opportunity - Value-Add Duplex in Oleander Neighborhood. This duplex presents a fantastic value-add opportunity in the desirable Oleander neighborhood. The property features a spacious 3bd, 1ba 1,270 Sq Ft front house and a separate, two-story structure with a garage and 1bd/1ba, 400 Sq Ft apartment. This configuration offers excellent potential for increased rental income through strategic renovations and market rent adjustments.
Multi-familyProperty Type
1951Year Built
8,248 sq ftLot Size
$225Est. Price/Sq.Ft.
2 car garageParking
Listed by Alejandro Mora•DRE #01820381• The Mora Partners Inc.
Contact: 661-463-8186
Bought with GREGG HOLT•DRE #01748493• North South Realty
Investment Opportunity - Value-Add Duplex in Oleander Neighborhood. This duplex presents a fantastic value-add opportunity in the desirable Oleander neighborhood. The property features a spacious 3bd, 1ba 1,270 Sq Ft front house and a separate, two-story structure with a garage and 1bd/1ba, 400 Sq Ft apartment. This configuration offers excellent potential for increased rental income through strategic renovations and market rent adjustments.
CRMLS #SR25052417
May 7, 2025
Sold
$306,200
$183/sq ft
Mar 21, 2025
Contingent
—
Mar 10, 2025
Listed
$315,000
$189/sq ft
Public Records
Feb 14, 2025
Sold
$200,000
$120/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,051 (−25.2%)
$26,095 + $126,249
$152,344
2024
$4,079 (+39.7%)
$26,095 + $126,249
$152,344
2023
$2,921 (+3.1%)
$25,584 + $123,774
$149,358
2022
$2,832 (+7.2%)
$25,584 + $123,774
$149,358
2021
$2,642 (+2.6%)
$24,592 + $118,969
$143,561
2020
$2,575 (+2.0%)
$24,110 + $116,637
$140,747
2019
$2,525 (+2.2%)
$23,863 + $115,442
$139,305
2018
$2,472 (+0.7%)
$23,396 + $113,179
$136,575
2017
$2,454 (+7.5%)
$22,489 + $108,785
$131,274
2016
$2,283 (+0.9%)
$22,489 + $108,785
$131,274
2015
$2,263 (+3.2%)
$22,049 + $106,652
$128,701
2014
$2,192
$21,293 + $102,993
$124,286
Tax history for 232 Holtby Rd
Year
Property tax
Land + Additions
Assessment*
2025
$3,051 (−25.2%)
$26,095 + $126,249
$152,344
2024
$4,079 (+39.7%)
$26,095 + $126,249
$152,344
2023
$2,921 (+3.1%)
$25,584 + $123,774
$149,358
2022
$2,832 (+7.2%)
$25,584 + $123,774
$149,358
2021
$2,642 (+2.6%)
$24,592 + $118,969
$143,561
2020
$2,575 (+2.0%)
$24,110 + $116,637
$140,747
2019
$2,525 (+2.2%)
$23,863 + $115,442
$139,305
2018
$2,472 (+0.7%)
$23,396 + $113,179
$136,575
2017
$2,454 (+7.5%)
$22,489 + $108,785
$131,274
2016
$2,283 (+0.9%)
$22,489 + $108,785
$131,274
2015
$2,263 (+3.2%)
$22,049 + $106,652
$128,701
2014
$2,192
$21,293 + $102,993
$124,286
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
3
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
8,248 Sq. Ft.
Year renovated
1951
Sq. Ft.
1,270
Year built
1951
Style
Multi-Family (2-4 Unit)
County
Kern County
APN
00819218009
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 18, 2026.
R-1
Single-Unit Dwelling Zone
The purpose of the R-1 zone is to provide land areas for the use and occupancy of single-unit detached dwellings and accessory dwelling units. It is the intent of this zone to protect and preserve existing neighborhoods and promote the future development of lower-density residential single-unit neighborhoods that provide a livable, walkable, and sustainable residential environment. The residential density range for this zone is 2.1 to 6 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Other
Office
Educational/school
Oct 28, 1991 • Active
Historical misc
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
# of Garage Spaces: 2
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
Washer Hookup
Interior Features
Entry Level: 1
Entry Location: Front Door
Levels: One
Unit Type 1 Information
Unit Key Numeric: 11788894
Listing Key Numeric: 374055101
Actual Rent: $1,100
Total # of Baths: 1
# of Baths Full: 1
Total # of Beds: 3
# of Garage Spaces: 1
Furnished: Unfurnished
Total Rent: $1,100
Total # of Units: 1
Unit Type 2 Information
Unit Key Numeric: 11788895
Listing Key Numeric: 374055101
Actual Rent: $445
Total # of Baths: 1
# of Baths Full: 1
Furnished: Unfurnished
Total # of Beds: 1
Attached Garage: Yes
# of Garage Spaces: 1
Total Rent: $445
Total # of Units: 1
Multi-Unit Information
Net Operating Income: $16,686
Average 3 Bed Area Units: Sq. Ft.
Average 2 Bed Area Units: Sq. Ft.
Average 1 Bed Area Units: Sq. Ft.
Sq. Ft.
Total Building Area: 1,670
Gross Scheduled Income: $18,540
Gross Income: $18,540
# Of Separate Water Meters: 1
# Of Separate Gas Meters: 1
# Of Separate Electric Meters: 1
# Of Buildings: 2
Exterior
Exterior Features
Pool Features: None
Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 0-1 Unit/Acre
Property Information
Total # of Units: 2
Common Walls: No Common Walls
Parcel Number: 00819218009
Total # of Stories: 2
Year Built Source: Public Records
Property ADU: No
Financial
Lease / Rental Details
Operating Expense: $1,854
Utilities
Utilities Information
Sewer: Public Sewer
Water Source: District/Public
Location
Neighborhood Information
Community Features: Curbs, Sidewalks
Location Information
Latitude: 35.35826800
Longitude: -119.02691200
Directions: Off Bank St and Holtby Rd
Public facts
Beds: 3
Baths: —
Sq. Ft.: 1,270
Stories: 1.0
Lot Size: 8,248 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1951
Year Renovated: 1951
County: Kern County
APN: 00819218009
Home facts updated by county records on Jun 18, 2026
Other
Listing Information
IDX Contact Info: 661-463-8186
Days Active in MLS: 5
Continuous Days Active in MLS: 5
Listing Agent Information
List Agent First Name: Alejandro
List Agent Last Name: Mora
Listing Office Information
List Office Name: The Mora Partners Inc.
Selling Agent Information
Buyer Agent First Name: GREGG
Buyer Agent Last Name: HOLT
Selling Office Information
Buyer Office Name: North South Realty
Around this home
Schools
Roosevelt Elementary School
Public K-5 • Assigned • 0.2mi
4/10
Emerson Middle School
Public 6-8 • Assigned • 0.9mi
2/10
Bakersfield High School
Public 9-12 • Assigned • 0.9mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
6/10 Flood Factor
Estimated 67-75% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 104° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
39 unhealthy days expected this year, 45 days in 30 years
Provided by First Street
Historical weather
Bakersfield, CA • 93304
Average low and high temperatures (°F)
62
41
69
46
76
52
78
54
87
61
96
69
98
70
100
71
93
68
82
59
67
50
59
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.8 hours in
June and 5.2 hours in December, placing it above the
U.S. average for solar exposure.
11.8 hrs
5.2 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$358,000 – $433,000
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