1607 Palm Drive Bakersfield, CA ^$ 1,150,000

1607 Palm Drive

^$ 1,150,000

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1607 Palm Drive

Bakersfield, CA, 93305

^$ 1,150,000

Studio Baths0.0 Sq 5,917

Monthly Estimate*

^$ 7,081

1607 Palm Drive, Bakersfield, CA 93305 - Image 1

1607 Palm Drive, Bakersfield, CA 93305 - Image 2

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $1,150,000. This 5,917 square foot home was built in 1950.

One of the most updated, top-tier managed 10-unit buildings coming on the market in some time. The East Bakersfield offering consists of two 2-bedroom units, and eight 1-bedroom units, fully occupied, modern dual-pane windows, updated exterior paint, beautiful grounds. Owner takes pride in providing a quality living experience for their tenants that has led to happy long-term residents. The 2-bedroom units rent in the $1291-1522 range, and the 1-bedroom units rent in the $744-1194 range.

Multi-Family Active

Price

^$ 1,150,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

5 - 10 Units

Year Built

1950

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202602500

Features

Exterior

Parking Features Garage Uncovered

Garages 0

Parking 0.00

Lot Size Source (Public Record)

General

Year Built 1950

Neighborhood Old Town Kern

Subdivision 1073

Stories Count 2

Property Subtype 5 - 10 Units

Gross Income 132144.00

County Kern

Net Operating Income 71119.00

Property Type Residential Income

Close Price 0.00

Status Active

High School East

City Bakersfield

Disclosures None of the Above

Number Of Units Total 10

MLS Area 31

Lot Size Units SqFt

Lot Size Square Feet 15245.00

Elementary School Mann Horace

Middle/Junior High School Compton

Cap Rate 0.06

Internal Only

Street Number 1 1607

* Excluded Features

List By

Philip M Jordan

Listing Agent

Keller Williams Realty

Broker

phil@jordanapartmentguys.com

Affordability Calculator

$7,081

Per Month

Monthly Principal & Interest: $7,081
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bakersfield, CA

Average List Price ^$828,695

Percent of Sale Price 28%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5247216 Elementary School

1904597 Middle School

East High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/10/2026	$1,150,000		Listed Price

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1607 Palm Drive, Bakersfield, CA, 93305 is a Multi-Family Home for sale at $1,150,000 with 5,917 sqft. 1607 Palm Drive is a studio with 0.0 baths and was built in 1950. The property's zip code is 93305 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 3/10/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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1607 Palm Drive

Multi-Family Home for sale in Bakersfield, CA

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