338 Norris Rd Bakersfield, CA 93308
North Country Meadows NeighborhoodEstimated payment $3,168/month
Highlights
- 0.38 Acre Lot
- 1-Story Property
- 3-minute walk to Sears Park
About This Home
Rare opportunity to acquire a mixed-use income property generating $4,750/month at a strong price point of just $525,000. The offering includes 3 residential units and 1 commercial unit on a large lot, with two of the residential units recently renovated for improved rent stability and reduced maintenance. Ideal location near Sears Park, Mobil, Family Dollar, Covenant Coffee and more. Solid cash flow from day one with upside potential in both rents and value. A turnkey addition to any investor's portfolio.For updated listing pictures:
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1921
Lot Details
- 0.38 Acre Lot
Parking
- Uncovered Parking
Interior Spaces
- 2,388 Sq Ft Home
- 1-Story Property
Schools
- Standard Elementary And Middle School
- North High School
Listing and Financial Details
- Assessor Parcel Number 11225311
Community Details
Overview
- 4 Units
- Glass City Subdivision
Building Details
- Gross Income $57,000
- Net Operating Income $45,600
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,559 | $265,301 | $53,060 | $212,241 |
| 2024 | $5,356 | $260,100 | $52,020 | $208,080 |
| 2023 | $5,356 | $255,000 | $51,000 | $204,000 |
| 2022 | $5,065 | $250,000 | $50,000 | $200,000 |
| 2021 | $2,359 | $46,913 | $31,370 | $15,543 |
| 2020 | $2,199 | $46,433 | $31,049 | $15,384 |
| 2019 | $2,170 | $46,433 | $31,049 | $15,384 |
| 2018 | $2,081 | $44,633 | $29,845 | $14,788 |
| 2017 | $2,040 | $43,759 | $29,260 | $14,499 |
| 2016 | $1,961 | $42,902 | $28,687 | $14,215 |
| 2015 | $1,943 | $42,259 | $28,257 | $14,002 |
| 2014 | $1,910 | $41,432 | $27,704 | $13,728 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2025 12/29/25 | Pending | -- | -- | -- |
| 12/09/2025 12/09/25 | For Sale | $525,000 | -- | $220 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $250,000 | Stewart Title Company | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,000 | Commercial |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202513405
APN: 112-253-11-00-2
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Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.
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