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$445,000
Investment opportunity featuring two spacious 3-bedroom, 2-bath units, each offering a comfortable floor plan with a large living room, dining area, kitchen, indoor laundry, and primary suite. One unit enjoys the added benefit of a generously sized backyard, creating additional appeal for long-term tenants. This property offers strong investment potential with a generous 9% cap rate, making it an attractive option for investors seeking solid returns. The large dual unit sizes set this duplex apart from many competing multifamily properties and help support consistent tenant demand. Conveniently located near schools, shopping, and everyday amenities, this is an excellent opportunity for investors seeking stable income and future appreciation. Both units are tenant occupied, making this a turnkey addition to any real estate portfolio. Both AC units were replaced this year, so they are brand new.

227 Simon Dr, Bakersfield

Courtesy of Desiree Caywood with Watson Realty

$195,000
Ready-to-Issue Permits for 14 Units + 3 ADU's! This one is as close to go-time as land gets! 1902 Lotus Lane comes with ready-to-issue permits for a 14-unit apartment complex plus 3 ADUs - 17 rentable units total. Plans are drawn, permits are in hand, and all utilities are available at the lot. Water, sewer, gas, and electric are ready to connect. You're not buying a vision here - you're buying a running start!The project is designed as 7 two-story duplexes, each unit with a 2-car garage. The 3 ADUs add bonus income with minimal added complexity.At $195,000 that's under $11,500 per door in land cost for a fully permitted 17 unit project - before you've swung a hammer. Bakersfield rental demand is strong and new supply is thin. Permits like this save 12-18 months of time and tens of thousands in entitlement costs. That savings is already built into this price. Ideal for a builder ready to move fast or an investor looking to add a stabilized income property to their portfolio.

1902 Lotus Ln, Bakersfield

Courtesy of Eric Mora with The Mora Partners Inc.

$1,100,000
4 Beds
Investment, Development, and Income-Producing Potential on 10 Acres! Located in southeast Bakersfield, this unique property features a 4-bedroom, 2-bath residence offering over 2,500 square feet of living space on approximately 10 acres of usable land. The true value lies in the incredible opportunity this property presents. Whether you're an investor, developer, business owner, or someone looking for space to grow, the possibilities are endless. Potential future uses may include residential development, lot splits, an event venue, truck and equipment parking, agricultural ventures, or other income producing opportunities (buyer to conduct their own investigations and verify all intended uses). Properties offering this combination of acreage, accessibility, and future upside are increasingly difficult to find. Secure your piece of Bakersfield's growth and capitalize on the potential this property has to offer!

1404 Cottonwood Rd, Bakersfield

Courtesy of Nelson Cantu with Keller Williams Realty

$84,900
Don't miss this opportunity to purchase residential vacant land in Bakersfield with multi-family zoning. This R-2 zoned residential lot offers excellent potential for investors, builders, and developers seeking to construct a duplex, multi-family income property, or long-term residential investment. Conveniently located close to local schools and directly across the street from a neighborhood market, this property offers everyday accessibility that appeals to both future homeowners and tenants. In addition to income-producing possibilities, this vacant lot can also serve as a blank canvas for a buyer ready to build a custom single-family residence and create their own dream home from the ground up. Whether you're planning a personal residence or a smart investment property, this parcel provides flexibility to bring your vision to life in an established Bakersfield neighborhood.

1104 Virginia Ave, Bakersfield

Courtesy of Laurie F McCarty with Coldwell Banker Preferred, REALTORS®

Provided Courtesy Of Bakersfield Association of Realtors.
Information Is Believed To Be Accurate But Not Guaranteed.
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