$8,500,000
$1M PRICE DROP

420 S Real Rd Bakersfield, CA 93309

Southwest Bakersfield Neighborhood

Estimated payment $53,787/month

Total Views 8,561
2 Beds
1 Bath
46,376 Sq Ft
$183 Price per Sq Ft

About This Home

Attractive 5% Interest-Only Seller Financing for qualified buyer. The property at 420-426 S Real Road, Bakersfield, CA 93309, presents a thoughtfully upgraded living experience with over $500,000 in capital improvements. Renovations across 61 units and the addition of a new retaining wall have enhanced both the comfort and appeal of the community. These upgrades create a modern and inviting atmosphere for residents while increasing the property’s value and rental potential. Located in a well-connected neighborhood, residents enjoy easy access to major highways, public transportation, schools, parks, shopping, and dining options. With its recent enhancements and prime location, this property provides a great opportunity for comfortable living and long-term value.

Listing Agent

Darren Correa

LE INVESTMENT GROUP Brokerage Phone: 714-310-2840 License #02066621 Listed on: 03/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 3 Acre Lot
  • Two or More Common Walls
  • Density is 21-25 Units/Acre
  • 14924013002, 14924012009

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 46,376 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 64 Parking Spaces
  • 64 Carport Spaces

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 28
  • Assessor Parcel Number 14924014005
  • $17,133 per year additional tax assessments

Community Details

Overview

  • 16 Buildings
  • 64 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 64 Separate Electric Meters
  • 64 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $9,000
  • Fuel Expense $9,000
  • Insurance Expense $39,910
  • Professional Management Expense $37,704
  • Trash Expense $9,000
  • Water Sewer Expense $9,000
  • Operating Expense $319,738
  • Gross Income $974,472
  • Net Operating Income $622,859

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Price Per Unit: 132812
  • Professional Management Expense: 37704.00
  • Property Attached: Yes
  • Water Sewer Expenses: 9000.00
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 14924014005
  • Year Built: 1963
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 183.28

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 64.00
  • Total Parking Spaces: 64.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 9000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 14924013002, 14924012009
  • Land Lease: No
  • Lot Features: 21-25 Units/Acre
  • Lot Size Sq Ft: 130680.00
  • Lot Size Acres: 3.0000

Multi Family

  • Electric Expense: 9000.00
  • Fuel Expense: 9000.00
  • Gross Income: 974472.00
  • Gross Scheduled Income: 974472.00
  • Insurance Expense: 39910.00
  • Lot Size Area: 130680.0000 Square Feet
  • Net Operating Income: 622859.00
  • Number Of Separate Electric Meters: 64
  • Number Of Separate Gas Meters: 64
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 64
  • Operating Expense: 319738.00
  • Rent Control: Yes
  • Total Expenses: 319738.00

Tax Info

  • Tax Census Tract: 28.25
  • Tax Lot: 12
  • Tax Tract Number: 28.25
  • TaxOtherAnnualAssessmentAmount: 17133.00

Map

Range of Values:

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Average Value
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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 Change Sq Ft Price
08/04/2025 08/04/25 Price Changed $8,500,000 -3.4% $183 / Sq Ft
05/28/2025 05/28/25 Price Changed $8,800,000 -7.4% $190 / Sq Ft
03/03/2025 03/03/25 For Sale $9,500,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: IV25046270

California Regional Multiple Listing Service (CRMLS)
California Kern County Bakersfield 93309 Southwest Bakersfield

420 S Real Rd, Bakersfield, CA

This home is located at 420 S Real Rd, Bakersfield, CA 93309 and is currently priced at $8,500,000, approximately $183 per square foot. This property was built in 1963. 420 S Real Rd is a home located in Kern County with nearby schools including Munsey Elementary School, Curran Middle School, and West High School.

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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Darren Correa
Listing Agent
Darren Correa
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LE INVESTMENT GROUP
(909) 256-7889