NOT LISTED FOR SALE

7008 Pierre Joseph Ln Bakersfield, CA 93313

Panama Neighborhood

Estimated Value: $610,541

-- Beds
-- Baths
-- Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: January 24, 2025

Last sale price $1,178,000

Est. 48% decrease in value since last sale

Current estimated payment $3,785 / mo

6 Days on Market

About This Home

As of January 2025

We are delighted to present for sale this unique opportunity to acquire two-homes-on-one-lot style Duplexes. The layout of these properties offer three (3) bedroom, two (2) bathroom units, (2) bedroom, two (2) bathroom units. These duplexes are thoughtfully designed to accommodate a diverse tenant base, offering an attractive unit mix that appeals to families, professionals, and individuals alike. Embrace the future of sustainable living with paid solar panels for each duplex, reducing utility costs for both you and your tenants. Additionally, the implementation of Ratio Utility Billing System (RUBS) for all utilities, including common area PGE, ensures maximum earnings and streamlined operations. Don't miss the opportunity to add this exceptional property to your portfolio, as it seeks to be the highest earning asset you've ever owned.

Last Agent to Sell the Property

Eric Van Denk

Central Valley Property Adviso License #02071696 Listed on: 02/20/2024

Co-Listed By

Esteban Contreras

Watson Realty License #01975384

Last Buyer's Agent

Garry Singh

Bluehorse Real Estate, Inc. License #01906671

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • 7,405

Parking

  • Uncovered Parking

Schools

  • Miller Elementary School
  • Stonecreek Middle School
  • Ridgeview High School

Additional Features

  • 1-Story Property
  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 53850025

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $291,600
  • Net Operating Income $218,700

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2024
  • Building Stories: 1
  • Deposit Amount Required: 20000.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.1700
  • Co List Office Mls Id: 11174
  • Special Features: NewHome
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: Ridgeview
  • Middle Or Junior School: Stonecreek

Lot Info

  • Zoning Description: R1
  • Lot Size Sq Ft: 7405.00
  • Parcel #: 53850025

Multi Family

  • Total Annual Expense: 72900.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Annual Gross Income: 291600.00
  • Property Net Operating Income: 218700.00

MLS Schools

  • Elementary School: Miller, Douglas

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2025
Sold by
Kaur Gurvinder
Bought by
Current Estimated Value
$610,541

Purchase Details

Closed on
Mar 16, 2024
Sold by
Jeremy Willer Construction Inc
Bought by
Singh Sewak and Singh Gurpreet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Panama, CA

  • Bart Tipton Real Estate Agent - Bart Tipton, Broker

    Bart Tipton

    Bart Tipton, Broker

    (661) 384-7043

    286 Total Sales

    6 in Panama

    $422K - $490K Price Range

    Bart Tipton
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  • William Gordon Real Estate Agent - Watson Realty

    William Gordon

    Watson Realty

    (805) 918-8011

    428 Total Sales

    3 in Panama

    $370K - $430K Price Range

    William Gordon
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  • Ryan Stevens Real Estate Agent - Pacific Shore Real Estate, Inc

    Ryan Stevens

    Pacific Shore Real Estate, Inc

    (661) 404-7474

    87 Total Sales

    1 in Panama

    $395,000 Price

    Ryan Stevens
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  • Valerie Driesen Real Estate Agent - Jeff Jackson & Associates

    Valerie Driesen

    Responds Quickly

    Jeff Jackson & Associates

    (661) 384-8524

    94 Total Sales

    2 in Panama

    $433K - $440K Price Range

    Valerie Driesen
     Section Image
  • Erica Ruelas Real Estate Agent - Elevate Realty

    Erica Ruelas

    Elevate Realty

    (661) 387-3710

    74 Total Sales

    6 in Panama

    $385K - $495K Price Range

    Erica Ruelas
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  • Sam Reyna Real Estate Agent - Cal Pro Real Estate

    Sam Reyna

    Cal Pro Real Estate

    (661) 370-2769

    130 Total Sales

    1 in Panama

    $390,000 Price

    Sam Reyna
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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 Buyer Sale Price Title Company
-- Ticor Title
Singh Sewak $589,000 Ticor 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 Borrower Loan Amount
Previous Owner $389,000
Source: Public Records

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
01/24/2025 01/24/25 Sold $1,178,000 0.0% --
02/26/2024 02/26/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $1,178,000 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

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
2026 $4,057 $590,900 $96,900 $494,000
2025 $4,057 $298,448 $42,448 $256,000
2024 -- $41,616 $41,616
Source: Public Records

Agents Affiliated with this Home

  • Eric Van Denk Real Estate Agent - Central Valley Property Adviso

    Seller's Agent in 2025

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    9 in this area

    283 Total Sales

    Eric Van Denk
    Section Image
  • Esteban Contreras Real Estate Agent - Watson Realty

    Seller Co-Listing Agent in 2025

    Esteban Contreras

    Watson Realty

    (661) 617-0074

    6 in this area

    131 Total Sales

    Esteban Contreras
    Section Image
  • Garry Singh Real Estate Agent - Bluehorse Real Estate, Inc.

    Buyer's Agent in 2025

    Garry Singh

    Bluehorse Real Estate, Inc.

    (209) 761-2827

    21 in this area

    179 Total Sales

    Garry Singh
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202412863

Bakersfield Association of REALTORS® / GEMLS

APN: 538-500-27-00-4

California Kern County Bakersfield 93313 Panama

7008 Pierre Joseph Ln, 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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