NOT LISTED FOR SALE

1529 Palm Dr Bakersfield, CA 93305

East Bakersfield Neighborhood
1 Bed
1 Bath
2,761 Sq Ft
0.3 Acres

Last Sold December 11, 2024

Last sale price $250,000 $91 Per Sq Ft

6 Days on Market

Highlights

  • Heated Floors
  • Evaporated cooling system
  • 1-Story Property

About This Home

As of December 2024

Priced to sell! This prime income property consists of three homes on one lot, generating steady monthly revenue. The property includes (2) 3bd/1ba Units and (1) 1bd/1ba unit. All units are on month-to-month leases, offering flexibility for future rental adjustments or updates. Conveniently located in East Bakersfield in close proximity to shopping, dining and the Kern Medical Center.

Last Agent to Sell the Property

Nicholas Sibley

Central Valley Property Adviso License #02197083 Listed on: 11/14/2024

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Eric Van Denk

Central Valley Property Adviso License #02071696

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1944

Lot Details

  • 0.3

Interior Spaces

  • 2,761 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Mann Elementary School
  • Compton Middle School
  • East High School

Additional Features

  • 0.3 Acre Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 13802206

Community Details

Overview

  • 3 Units
  • Pacific Improvement Companys S Subdivision

Building Details

  • Gross Income $37,740
  • Net Operating Income $22,644

Property Details

Home Type

Multi-Family

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1944
  • Building Stories: 1
  • Deposit Amount Required: 4000.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.3000
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2761.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Evaporative, Floor/Wall Heater

Schools

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

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 13068.00
  • Parcel #: 13802206

Multi Family

  • Total Annual Expense: 15096.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 37740.00
  • Property Net Operating Income: 22644.00

MLS Schools

  • Elementary School: Mann, Horace

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
12/11/2024 12/11/24 Sold $250,000 -16.7% $91 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $300,000 +36.4% $109 / Sq Ft
05/10/2017 05/10/17 Sold $220,000 0.0% $76 / Sq Ft View Prior Sale
04/17/2017 04/17/17 For Sale $220,000 +9.5% $76 / Sq Ft
08/06/2014 08/06/14 Sold $201,000 -4.2% $73 / Sq Ft View Prior Sale
07/07/2014 07/07/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $209,900 -- $76 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

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 $5,715 $367,000 $80,000 $287,000
2024 $5,715 $250,316 $45,510 $204,806
2023 $5,534 $245,409 $44,618 $200,791
2022 $5,200 $240,598 $43,744 $196,854
2021 $4,915 $235,882 $42,887 $192,995
2020 $4,803 $233,465 $42,448 $191,017
2019 $4,639 $233,465 $42,448 $191,017
2018 $4,517 $224,400 $40,800 $183,600
2017 $4,319 $208,144 $36,243 $171,901
2016 $3,724 $204,064 $35,533 $168,531
2015 $3,721 $201,000 $35,000 $166,000
2014 $2,662 $111,196 $15,037 $96,159
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Nicholas Sibley

    Central Valley Property Adviso

    3 in this area

    9 Total Sales

    Nicholas Sibley
    Section Image
  • Eric Van Denk

    Seller Co-Listing Agent in 2024

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    10 in this area

    258 Total Sales

    Eric Van Denk
    Section Image
  • Esteban Contreras

    Buyer Co-Listing Agent in 2024

    Esteban Contreras

    Watson Realty

    (661) 617-0074

    12 in this area

    148 Total Sales

    Esteban Contreras
    Section Image

  • T

    Seller's Agent in 2017

    Tri Lam

    Home Finder Realty

    (714) 719-6100

    21 Total Sales

    Tri Lam
    Section Image

  • N

    Buyer's Agent in 2017

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    1 in this area

    6,215 Total Sales

    NoEmail NoEmail
    Section Image

  • K

    Seller's Agent in 2014

    Kevin Palla

    Kevin Palla, Broker

    Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202411756

Bakersfield Association of REALTORS® / GEMLS

APN: 138-022-06

California Kern County Bakersfield 93305 East Bakersfield

1529 Palm Dr, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

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