$5,500,000
$200K PRICE DROP

5001 Appleblossom Dr Unit A Bakersfield, CA 93309

Spice Neighborhood

Estimated payment $34,688/month

Total Views 240,606
7 Beds
5 Baths
14,408 Sq Ft
$382 Price per Sq Ft

Highlights

  • 0.8 Acre Lot
  • Community Pool
  • Laundry Room

About This Home

We are pleased to present this charming Southwest Bakersfield apartment complex!! This 34-unit apartment complex is perfectly situated in the highly desirable Southwest Bakersfield with current gross rents at over $560,000 a year. This property also comes with approved plans to add 2 additional ADU units with a completely redone exterior do not miss out. The pride of ownership at this location outshines all others you could not ask to buy a better turnkey property in the Southwest than this.

Last Listed By

Eric Van Denk

Central Valley Property Advisors Brokerage Phone: 661-404-4404 License #02071696 Listed on: 04/08/2025

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1979

Lot Details

  • 0.8 Acre Lot
  • No Common Walls
  • Manual Sprinklers System

Parking

  • 2 Car Garage

Interior Spaces

  • 14,408 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot A
  • Tax Tract Number 2
  • Assessor Parcel Number 35541019002
  • $4,016 per year additional tax assessments

Community Details

Overview

  • 5 Buildings
  • 34 Units

Amenities

  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • Rent Control
  • 40 Separate Electric Meters
  • 40 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $4,689
  • Insurance Expense $27,995
  • Pest Control $2,304
  • Pool Expense $6,409
  • Professional Management Expense $28,044
  • Trash Expense $8,491
  • Water Sewer Expense $10,110
  • Operating Expense $224,352
  • Gross Income $336,528
  • Net Operating Income $336,528

Property Details

Home Type

Apartment

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Other Phone Description: 419-206-7117
  • Price Per Unit: 161765
  • Professional Management Expense: 28044.00
  • Property Attached: No
  • Water Sewer Expenses: 10110.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 35541019002
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 381.73

Exterior Features

  • Pool Expense: 6409.00
  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 2304.00
  • Sewer: Public Sewer
  • Trash Expense: 8491.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Sprinklers Manual
  • Lot Size Sq Ft: 34848.00
  • Lot Size Acres: 0.8000

Multi Family

  • Electric Expense: 4689.00
  • Gross Income: 336528.00
  • Gross Scheduled Income: 560880.00
  • Insurance Expense: 27995.00
  • Lot Size Area: 34848.0000 Square Feet
  • Net Operating Income: 336528.00
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 34
  • Operating Expense: 224352.00
  • Rent Control: Yes
  • Total Expenses: 224352.00

Tax Info

  • Tax Census Tract: 28.16
  • Tax Lot: A
  • Tax Tract Number: 002...
  • TaxOtherAnnualAssessmentAmount: 4016.00

Map

Range of Values:

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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
05/12/2025 05/12/25 Price Changed $5,500,000 -3.5% $382 / Sq Ft
04/08/2025 04/08/25 For Sale $5,700,000 -- $396 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

About the Listing Agent

Eric Van Denk
Eric Van Denk

Central Valley Property Advisors

(833) 365-9579

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View Eric's Profile

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MD25076169

California Regional Multiple Listing Service (CRMLS)

California Kern County Bakersfield 93309 Spice

5001 Appleblossom Dr Unit A, Bakersfield, CA

This home is located at 5001 Appleblossom Dr Unit A, Bakersfield, CA 93309 and is currently priced at $5,500,000, approximately $381 per square foot. This property was built in 1979. 5001 Appleblossom Dr Unit A is a home located in Kern County with nearby schools including Charles H. Castle Elementary School, O.J. Actis Junior High 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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Eric Van Denk
Eric Van Denk
Listing Agent Section Image
Central Valley Property Advisors
(833) 365-9579