530 Union Avenue Bakersfield, CA ^$ 999,000

530 Union Avenue

^$ 999,000

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Recently Listed

530 Union Avenue

Bakersfield, CA, 93307

^$ 999,000

Studio Baths0.0 Sq 3,930

Monthly Estimate*

^$ 6,151

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Studio

Multi-Family Home for sale in Bakersfield, CA

for $999,000. This 3,930 square foot home was built in 1946.

Seize a unique value-add opportunity at 530 Union Avenue, a mixed-use complex positioned for revitalization in a high-traffic area of Bakersfield. APX 31,000 average daily traffic count! With 7 residential units (6 occupied) and 6,842 SF of commercial space currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand. With a projected $13,596/month and actual 2024 expenses, the property earns an 9.8% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. 510 Union Ave a vacant C-2 zoned 6,000 SF lot next door is INCLUDED in the sale (50' x 120'). Seller will finance the entire property with 50% down.

Multi-Family Active

Price

^$ 999,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

5 - 10 Units

Year Built

1946

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202603648

Features

General

Living Area 3930.00

Year Built 1946

Neighborhood Martin Luther King

Subdivision Union Avenue Tract Addition #1

Stories Count 2

Property Subtype 5 - 10 Units

Parcel Number 13925104

Gross Income 163152.00

County Kern

Net Operating Income 98169.00

Property Type Residential Income

Close Price 0.00

Status Active

High School Bakersfield

City Bakersfield

Disclosures None of the Above

Number Of Units Total 10

MLS Area 41

Lot Size Units SqFt

Lot Size Square Feet 21240.00

Elementary School Fremont_Bak

Middle/Junior High School Washington

Cap Rate 0.10

Exterior

Parking Features Uncovered

Garages 0

Parking 0.00

Lot Size Source (Estimated)

Internal Only

Street Number 1 530

* Excluded Features

List By

Philip M Jordan

Listing Agent

Keller Williams Realty

Broker

phil@jordanapartmentguys.com

Affordability Calculator

$6,151

Per Month

Monthly Principal & Interest: $6,151
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 ^$756,687

Percent of Sale Price 24%

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.

5233427 Elementary School

5242671 Middle School

Bakersfield High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/8/2026	$999,000		Listed Price

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530 Union Avenue, Bakersfield, CA, 93307 is a Multi-Family Home for sale at $999,000 with 3,930 sqft. 530 Union Avenue is a studio with 0.0 baths and was built in 1946. The property's zip code is 93307 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 4/8/2026. 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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530 Union Avenue

Multi-Family Home for sale in Bakersfield, CA

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