1607 Palm Dr Bakersfield, CA 93305
East Bakersfield NeighborhoodEstimated payment $6,656/month
Highlights
- Heated Floors
- 0.35 Acre Lot
- Evaporated cooling system
About This Home
One of the most updated, top-tier managed 10-unit buildings coming on the market in some time, priced at a G.R.M. of 7.8! The East Bakersfield offering consists of two 2-bedroom units, and eight 1-bedroom units, fully occupied, modern dual-pane windows, updated exterior paint, beautiful grounds. Owner takes pride in providing a quality living experience for their tenants that has led to happy long-term residents. The 2-bedroom units rent in the $1291-1522 range, and the 1-bedroom units rent in the $744-1194 range. The cap rate is 7.7%.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Parking
- Uncovered Parking
Interior Spaces
- 5,917 Sq Ft Home
- 2-Story Property
- Heated Floors
Schools
- Mann Elementary School
- Compton Middle School
- East High School
Additional Features
- 15,245 Sq Ft Lot
- Evaporated cooling system
Listing and Financial Details
- Assessor Parcel Number 13802109
Community Details
Overview
- 10 Units
Building Details
- Gross Income $132,144
- Net Operating Income $83,255
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/13/2026 05/13/26 | Price Changed | $1,050,000 | +2.4% | $177 / Sq Ft |
| 05/07/2026 05/07/26 | Price Changed | $1,025,000 | -4.7% | $173 / Sq Ft |
| 04/18/2026 04/18/26 | Price Changed | $1,075,000 | -2.3% | $182 / Sq Ft |
| 03/28/2026 03/28/26 | Price Changed | $1,100,000 | -4.3% | $186 / Sq Ft |
| 03/09/2026 03/09/26 | For Sale | $1,150,000 | -- | $194 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202602500
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.
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Ask me questions while you tour the home.