$5,500,000

5001 Appleblossom Dr Bakersfield, CA 93309

Spice Neighborhood

Estimated payment $34,545/month

Total Views 470,400
-- Bed
-- Bath
14,408 Sq Ft
$382 Price per Sq Ft

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.

Listing Agent

Eric Van Denk

Central Valley Property Adviso License #02071696 Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Interior Spaces

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

Parking

  • 2 Car Garage
  • Carport
  • Uncovered Parking

Schools

  • Castle Elementary School
  • Actis Middle School
  • West High School

Additional Features

  • 0.8 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 35541019

Community Details

Overview

  • 34 Units

Building Details

  • Gross Income $560,880
  • Net Operating Income $336,528

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1979
  • Building Stories: 2
  • Deposit Amount Required: 100000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 0.8000
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 14408.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking: 46.00
  • Number Of Garages: 2
  • Parking Features: Garage, Carport, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: West
  • Middle Or Junior School: Actis, O. J.

Lot Info

  • Zoning Description: R4
  • Lot Size Sq Ft: 34848.00
  • Parcel #: 35541019

Multi Family

  • Total Annual Expense: 224352.00
  • Vacancy Factor: 0.10
  • Number Of Units Total: 34
  • Existing Lease Type: Net
  • Annual Gross Income: 560880.00
  • Property Net Operating Income: 336528.00

MLS Schools

  • Elementary School: Castle, C. H.

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
05/12/2025 05/12/25 Price Changed $5,500,000 -1.8% $382 / Sq Ft
04/29/2025 04/29/25 Price Changed $5,600,000 -1.8% $389 / Sq Ft
04/03/2025 04/03/25 For Sale $5,700,000 -- $396 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202503808

Bakersfield Association of REALTORS® / GEMLS
California Kern County Bakersfield 93309 Spice

5001 Appleblossom Dr, Bakersfield, CA

This home is located at 5001 Appleblossom Dr, 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 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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

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Eric Van Denk
Listing Agent
Eric Van Denk
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Central Valley Property Adviso
(844) 334-6235