$445,000
PENDING

407 Washington Ave Bakersfield, CA 93308

Estimated payment $2,818/month

Total Views 2,423
-- Bed
-- Bath
1,152 Sq Ft
$386 Price per Sq Ft

About This Home

Brand new 3-unit residential income property fully occupied at closing with all three units leased. Paid-off solar system owned free and clear, reducing operating costs and boosting net income from day one. New construction means current building code, modern finishes, and no deferred maintenance or capital expenditure concerns. All major systems under warranty. Strong rental demand demonstrated by immediate full occupancy. Ideal for the investor seeking a low-management, high-efficiency asset with proven cash flow.

Listing Agent

Michael Melendez

Central Valley Property Adviso License #02139374 Listed on: 04/07/2026

Co-Listing Agent

Eric Van Denk

Central Valley Property Adviso License #02071696

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1927

Parking

  • Carport

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property

Schools

  • Wingland Elementary School
  • Standard Middle School
  • North High School

Additional Features

  • 5,227 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 11321212

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $41,340
  • Net Operating Income $31,548

Property Details

Home Type

Multi-Family

Year Built

Built in 1927

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1927
  • Building Stories: 1
  • Deposit Amount Required: 4500.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.1200
  • Co List Office Mls Id: 11174
  • Garage Yn: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1152.00

Exterior Features

  • Disclosures: None of the Above
  • Pool Private: No

Garage/Parking

  • Parking Features: Garage, Carport

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: North
  • Middle Or Junior School: Standard

Lot Info

  • Zoning Description: R-2
  • Lot Size Sq Ft: 5227.00
  • Parcel #: 11321212

Multi Family

  • Total Annual Expense: 8260.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 41340.00
  • Property Net Operating Income: 31548.00

MLS Schools

  • Elementary School: Wingland

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 Pending -- -- --
04/30/2026 04/30/26 Price Changed $445,000 0.0% $210 / Sq Ft
04/29/2026 04/29/26 Price Changed $445,000 -0.9% $386 / Sq Ft
04/07/2026 04/07/26 For Sale $449,000 -6.3% $390 / Sq Ft
10/20/2025 10/20/25 For Sale $479,000 -- $226 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $95,000 Chicago Title Company
Grant Deed $100,000 Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $266,325 Construction
Source: Public Records

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202603697

Bakersfield Association of REALTORS® / GEMLS

APN: 113-212-12-00-3

California Kern County Bakersfield 93308

407 Washington Ave, Bakersfield, CA

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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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