$500,000

708 P St Bakersfield, CA 93304

Oleander-Sunset Neighborhood

Estimated payment $3,175/month

Total Views 199
-- Bed
-- Bath
2,160 Sq Ft
$231 Price per Sq Ft

Highlights

  • Central Air
  • 1-Story Property
  • 4-minute walk to Lowell Park

About This Home

Excellent investment opportunity in the heart of Bakersfield!Featuring three units on one parcel, this property offers versatility for investors looking to add to their portfolio. Conveniently situated near shopping, dining, schools, and major commuter routes, the location provides easy access to everyday amenities. Whether you're seeking a long-term investment or looking to expand your real estate holdings, this multifamily property offers plenty of potential in an established neighborhood. Don't miss the chance to own a well-positioned income property in a growing market.

Listing Agent

Alessandra Castaneda

Elysian Real Estate Group- Exp License #02152177 Listed on: 06/20/2026

Elysian Real Estate Group- Exp

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Parking

  • Uncovered Parking

Interior Spaces

  • 2,160 Sq Ft Home
  • 1-Story Property

Schools

  • Mckinley Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 5,662 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 00937003

Community Details

Overview

  • 3 Units
  • Lowell Addition Subdivision

Building Details

  • Gross Income $33,900
  • Net Operating Income $33,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

5,662 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1983
  • Building Stories: 1
  • Deposit Amount Required: 5000.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.1300
  • Subdivision Name: Lowell Addition
  • Garage Yn: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2160.00

Exterior Features

  • Disclosures: MLSA on File
  • Pool Private: No

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 5662.00
  • Parcel #: 00937003

Multi Family

  • Total Annual Expense: 3500.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 33900.00
  • Property Net Operating Income: 33900.00

MLS Schools

  • Elementary School: McKinley

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $5,691 $324,360 $66,300 $258,060
2024 $3,385 $137,977 $22,292 $115,685
2023 $3,385 $135,272 $21,855 $113,417
2022 $3,266 $132,621 $21,427 $111,194
2021 $2,990 $130,021 $21,007 $109,014
2020 $2,891 $128,689 $20,792 $107,897
2019 $2,837 $128,689 $20,792 $107,897
2018 $2,780 $123,694 $19,986 $103,708
2017 $2,756 $121,270 $19,595 $101,675
2016 $2,595 $118,893 $19,211 $99,682
2015 $2,566 $117,108 $18,923 $98,185
2014 $2,366 $104,000 $20,000 $84,000
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
06/20/2026 06/20/26 For Sale $500,000 -- $231 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 Type Sale Price Title Company
Quit Claim Deed -- Visionet Systems
Quit Claim Deed -- None Listed On Document
Grant Deed $99,000 Fidelity 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 Loan Amount Loan Type
Open $228,600 New Conventional
Previous Owner $91,600 Purchase Money Mortgage
Closed $91,600 No Value Available
Source: Public Records

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202606696

Bakersfield Association of REALTORS® / GEMLS

APN: 009-370-03-00-0

California Kern County Bakersfield 93304 Oleander-Sunset

708 P St, 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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Elysian Real Estate Group- Exp
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