$1,050,000
SOLD JAN 29, 2026
-- Bed
-- Bath
7,044 Sq Ft
16,553 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

12% Below List Price

6 Days on Market

Highlights

  • Heated Floors
  • Central Air
  • 2-minute walk to Panorama Park
  • 0.38 Acre Lot
  • 1-Story Property

About This Home

As of January 2026

Charming 10-Unit Multifamily Property in Upper NE BakersfieldLocated at 1006 Princeton in the desirable upper northeast Bakersfield neighborhood, this 10-unit property is near Bakersfield Junior College and the picturesque Panorama Bluff walking trails. Built in 1958 and featuring a mix of 5 spacious 2-bedroom/1-bath units and 5 comfortable 1-bedroom/1-bath units, the building offers approximately 7,044 square feet of rentable space. Recent upgrades include a new roof in late 2019 and freshly painted exterior, with additional amenities like covered parking accessed via the alley and an on-site laundry room. The property generates a gross scheduled income of $132,852 annually, with rents ranging from $979 to $1,415, making it an excellent investment opportunity. Asking Price: $1,200,000. Contact us today to learn more!

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 09/28/2025

Last Buyer's Agent

Caleb Fisk

ASU Commercial License #02156326

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 16,552 Sq Ft Lot

Parking

  • Carport

Interior Spaces

  • 7,044 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Noble Elementary School
  • Washington Middle School
  • East High School

Utilities

  • Central Air
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 02132011

Community Details

Overview

  • 10 Units

Building Details

  • Gross Income $132,852
  • Net Operating Income $78,613

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.38 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1958
  • Building Stories: 1
  • Deposit Amount Required: 25000.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.3800
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 7044.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heatcool: Central AC, Evaporative, Floor/Wall Heater

Schools

  • High School: East
  • Middle Or Junior School: Washington

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 16552.00
  • Parcel #: 02132011

Multi Family

  • Total Annual Expense: 49418.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 10
  • Existing Lease Type: Net
  • Annual Gross Income: 132852.00
  • Property Net Operating Income: 78613.00

MLS Schools

  • Elementary School: Noble, Myra A.
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2026 01/29/26 Sold $1,050,000 -12.5% $149 / Sq Ft
10/04/2025 10/04/25 Pending -- -- --
09/28/2025 09/28/25 For Sale $1,200,000 +33.3% $170 / Sq Ft
03/13/2020 03/13/20 Sold $900,000 +2.9% $128 / Sq Ft View Prior Sale
03/12/2020 03/12/20 For Sale $875,000 -- $124 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,236 $1,040,400 $104,040 $936,360
2024 $15,236 $1,020,000 $102,000 $918,000
2023 $14,895 $1,000,000 $100,000 $900,000
2022 $13,615 $900,000 $100,000 $800,000
2021 $13,348 $909,324 $75,777 $833,547
2020 $13,348 $319,600 $84,096 $235,504
2019 $6,061 $319,600 $84,096 $235,504
2018 $5,965 $307,192 $80,832 $226,360
2017 $5,953 $301,170 $79,248 $221,922
2016 $5,579 $295,266 $77,695 $217,571
2015 $5,537 $290,831 $76,528 $214,303
2014 $5,389 $285,135 $75,029 $210,106
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202510968

Bakersfield Association of REALTORS® / GEMLS
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