615 Olive St Bakersfield, CA 93304
Oleander-Sunset NeighborhoodEstimated payment $2,562/month
About This Home
Three units on the lot, and all are leased! 615 Olive Street is a corner lot featuring a duplex plus a standalone 2-bedroom home. 100% occupied and generating $3,640/month in current rents. All units are 2BD/1BA with their own private areas and solid, paying tenants already in place. The main house has been remodeled, updated, re-plumbed, and had a new AC installed, all within the last 10 years! Newer windows throughout and central air/heating in well-maintained condition. Situated in the historic Oleander neighborhood, just minutes from downtown Bakersfield. Ready to perform from day one!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Interior Spaces
- 2,078 Sq Ft Home
- 1-Story Property
Schools
- Penn Elementary School
- Emerson Middle School
- Bakersfield High School
Additional Features
- 7,405 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 00738109
Community Details
Overview
- 3 Units
- Santa Fe Addition #1 Subdivision
Building Details
- Gross Income $43,680
- Net Operating Income $24,988
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $2,921 | $92,531 | $25,864 | $66,667 |
| 2024 | $2,838 | $90,718 | $25,358 | $65,360 |
| 2023 | $2,838 | $88,940 | $24,861 | $64,079 |
| 2022 | $2,727 | $87,197 | $24,374 | $62,823 |
| 2021 | $2,457 | $85,489 | $23,897 | $61,592 |
| 2020 | $2,359 | $84,613 | $23,652 | $60,961 |
| 2019 | $2,315 | $84,613 | $23,652 | $60,961 |
| 2018 | $2,272 | $81,329 | $22,735 | $58,594 |
| 2017 | $2,249 | $79,735 | $22,289 | $57,446 |
| 2016 | $2,140 | $78,173 | $21,853 | $56,320 |
| 2015 | $2,112 | $76,999 | $21,525 | $55,474 |
| 2014 | $2,048 | $75,492 | $21,104 | $54,388 |
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/09/2026 06/09/26 | Pending | -- | -- | -- |
| 06/03/2026 06/03/26 | For Sale | $430,000 | -- | $207 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202605945
APN: 007-381-09
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Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.
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