$2,550,000
SOLD MAR 20, 2026
-- Bed
-- Bath
14,910 Sq Ft
32,234 Sq Ft Lot

Recently Sold

$171 Per Sq Ft

7% Below List Price

43 Days on Market

About This Home

As of March 2026

Welcome to Downtown Bakersfield! Calling all investors! This is a dream multifamily opportunity featuring a newer 20-unit complex built in 2015. The property offers spacious 3-bedroom, 1-bath units, each with assigned parking. Designed with privacy and security in mind, the complex features a block perimeter fence and an automatic security gate. All units are equipped with tankless water heaters and are conveniently located near shopping centers, dining, and local amenities. An exceptional asset with strong rental appeal, don't miss out on this outstanding addition to your portfolio!

Last Agent to Sell the Property

Roger Magana

Golden Valley RealEstate Group License #01708253 Listed on: 12/24/2025

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2015

Interior Spaces

  • 14,910 Sq Ft Home
  • 2-Story Property

Parking

  • 20 Car Parking Spaces
  • Uncovered Parking

Schools

  • Mckinley Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 0.74 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01032115

Community Details

Overview

  • 20 Units
  • Lowell Addition Subdivision

Building Details

  • Gross Income $280,476
  • Net Operating Income $224,136

Property Details

Home Type

Multi-Family

Year Built

Built in 2015

Lot Details

0.74 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2015
  • Building Stories: 2
  • Deposit Amount Required: 50000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 0.7400
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 14910.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 20.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: R-3
  • Lot Size Sq Ft: 32234.00
  • Parcel #: 01032115

Multi Family

  • Total Annual Expense: 56340.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 20
  • Existing Lease Type: Net
  • Annual Gross Income: 280476.00
  • Property Net Operating Income: 224136.00

MLS Schools

  • Elementary School: McKinley
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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
03/20/2026 03/20/26 Sold $2,550,000 -7.3% $171 / Sq Ft
12/24/2025 12/24/25 For Sale $2,750,000 +71.9% $184 / Sq Ft
11/07/2016 11/07/16 Sold $1,600,000 -11.1% -- View Prior Sale
10/08/2016 10/08/16 Pending -- -- --
07/01/2016 07/01/16 For Sale $1,799,999 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202513739

Bakersfield Association of REALTORS® / GEMLS
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