Welcome home to 1308 Water St in the College Heights area of Bakersfield! This ~1600 sq ft home on an expansive 8000+ sq ft lot is a family's, entertainer's, and investor's dream... all rolled into one! Enter through a formal entry area & living room that connects 2 bedrooms & 2 bathrooms on either side of the home. Continue into the recreation room (a 3rd bedroom option) & beautifully remodeled kitchen, with clean counters, plenty of storage & laundry area. Step or reach into the family room featuring a built-in bar (with sink & mini-fridge), fireplace, entertainment area, breakfast nook or formal dining area, and wrap-around glass with french doors. Continue into the yard to an oasis of trees, landscaping, birds, and fun spaces! Home comes with a putting green; bird garden; gas grill hook-up; multiple sitting areas among fruit trees & raised beds; shaded patio with dual outdoor ceiling fans; and firepit & game area that is ready with plumbing for a pool. Storage shed in back suggests the ADU possibilities for a rental or more space - grow your equity. Property has rented as a successful AirB&B at $100+ per night! 3 new windows ordered for home for new Buyer, as well as new carpet installed by owner when purchased. Home includes a beautiful front yard with 2 fully grown trees, sitting porch, landscaping, and ample brick-raised yard. Enjoy the pull-through garage with a roll-up back door for extended parking (5 cars off-street or 2 cars & a large RV!), garage projects, or extended entertaining space. Walking distance to groceries, restaurants, coffee, & home essentials; only 1 mile from Bakersfield College, Jefferson Park & Heritage Park; 2 miles from Panorama Park & 15 minutes to Kern River County Park. Only neighbor out the front is San Clemente Mission (behind a large parking lot and treeline), and neighborhood is largely families & students with homeowners who rarely sell! This home is unmatched in its location, size, and pricing. Great opportunity for first-time homebuyers, families trading up, and new or seasoned investors. Pre-listing appraisal & inspections show a well-priced home that will not last long! Offers due Monday 10/1 by 5PM.