Fully-Rehabbed CASH PRODUCER. $26,400 gross rents. 6.7 cap rate. $167/ft (below build cost!) Renovated 2-Homes-on-1 Lot with cash-paying long term tenants. Each unit is 2-bedrooms and 1-bath. Incredible investment opportunity to own a fully occupied cash-flow property in a highly desirable and low vacancy area. Low maintenance flooring throughout (Luxury Vinyl Plank in 501; Wood Tile in 509), updated counters, new cabinets, newer roofs, stucco exterior and new paint throughout - bottom line - low maintenance units. Each unit has its own fenced yard. Situated on a large corner lot. Close to schools, shopping and eateries. EASY TO RENT. 6.7% cap rate based on 20% expense ratio. Low maintenance units with quality tenants. The perfect add for your portfolio.
Multi-familyProperty Type
1980Year Built
7,840 sq ftLot Size
$187Est. Price/Sq.Ft.
Listed by Dan Shanyfelt•DRE #01388129• Miramar Realty
Listed by Tara Lyons•DRE #01274779• Miramar Realty
Contact: 661-282-8980
Bought with Mayra Bastidas Gonzalez•DRE #02188290• Sierra Central Real Estate
3 homes on two lots. Very interesting properties and arrangement. Addresses are 501,509,and 517 Pesante. APN's are 135-172-10 and 135-172-20 with 2 homes on 501 (509) and one small home on 517. 509 is rented for $425 and 517 is rented for $350.
Year
Property tax
Land + Additions
Assessment*
2025
$5,286 (+111.1%)
$61,200 + $264,180
$325,380
2024
$2,504 (+3.7%)
$61,200 + $264,180
$325,380
2023
$2,416 (+8.7%)
$24,622 + $55,410
$80,032
2022
$2,223 (+8.2%)
$24,622 + $55,410
$80,032
2021
$2,055 (+5.2%)
$23,667 + $53,259
$76,926
2020
$1,953 (+1.9%)
$23,203 + $52,215
$75,418
2019
$1,918 (+3.3%)
$22,966 + $51,680
$74,646
2018
$1,856 (+12.6%)
$22,516 + $50,667
$73,183
2017
$1,648 (+5.0%)
$21,643 + $48,700
$70,343
2016
$1,570
$21,643 + $48,700
$70,343
2015
$1,569 (+2.6%)
$21,219 + $47,746
$68,965
2014
$1,529
$20,492 + $46,108
$66,600
Tax history for 501 Pesante Rd
Year
Property tax
Land + Additions
Assessment*
2025
$5,286 (+111.1%)
$61,200 + $264,180
$325,380
2024
$2,504 (+3.7%)
$61,200 + $264,180
$325,380
2023
$2,416 (+8.7%)
$24,622 + $55,410
$80,032
2022
$2,223 (+8.2%)
$24,622 + $55,410
$80,032
2021
$2,055 (+5.2%)
$23,667 + $53,259
$76,926
2020
$1,953 (+1.9%)
$23,203 + $52,215
$75,418
2019
$1,918 (+3.3%)
$22,966 + $51,680
$74,646
2018
$1,856 (+12.6%)
$22,516 + $50,667
$73,183
2017
$1,648 (+5.0%)
$21,643 + $48,700
$70,343
2016
$1,570
$21,643 + $48,700
$70,343
2015
$1,569 (+2.6%)
$21,219 + $47,746
$68,965
2014
$1,529
$20,492 + $46,108
$66,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
7,959 Sq. Ft.
Year renovated
1937
Sq. Ft.
1,101
Year built
1937
Style
Multi-Family (2-4 Unit)
County
Kern County
APN
13517210006
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-2
Medium-Density Residential District
The purpose of the Medium-density Residential (R-2) District is to designate areas for single-family, duplex, and other medium-density, multifamily residential uses. The maximum density allowed is 16 du per net acre. While single-family houses and duplexes typify this district, other innovative housing techniques, including clustering and zero lot line developments, are permitted in combination with the Cluster CL Combining District.
Permitted uses
Include but are not limited to:
Community / recreation center
Housing-Single unit
Housing-Multiple units
Housing-Other
Infrastructure
Office
Communications tower
Housing-Mobile home park
Mar 22, 2014 • Final
Residential alteration
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking: Uncovered
Interior
Community Features
Laundry Hookup
# of Stoves: 2
Multi-Unit Information
# of Units: 2
Financial Info: Owner
Annual Gross Income: $26,400
Annual Net Income: $21,120
Income/Expense Info: Actual
Exchange: No
Fire Insurance: $850
Total Annual Expense: $5,280
Unit Type 1 Information
# of Units: 1
# of Bedrooms: 2
# of Baths: 1
Actual Monthly Rent: $1,200
Unit Type 2 Information
# of Units: 1
# of Bedrooms: 2
# of Baths: 1
Actual Monthly Rent: $1,050
Exterior
Building Information
Stories: 1
Roof: Composition
Exterior Features
Exterior Material: Stucco
Land & Farm Information
Census Tract: 11.05
Acres: 0.18
Lot Information
Lot Measurement: Square Feet
Zoning: R-2
Financial
Lease Information
Vacancy Factor: 1.00
Utilities
Utility Information
Heating & Cooling: Evaporative, Floor/Wall Heater
Sewer/Water: Sewer, Public Water
Location
School Information
Elementary Districts: Bakersfield City
Elementary School: Pioneer Drive
Jr. High School: Sierra
Sr. High School: Foothill
Public facts
Beds: 2
Baths: —
Sq. Ft.: 1,101
Stories: 1.0
Lot Size: 7,959 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1937
Year Renovated: 1937
County: Kern County
APN: 13517210006
Home facts updated by county records on Sep 14, 2026
Other
Listing Price Information
Price Per Unit: $159,500
Around this home
Schools
Pioneer Drive Elementary School
Public K-6 • Assigned • 0.4mi
5/10
Walter Stiern Middle School
Public 6-8 • Assigned • 1.9mi
2/10
Foothill High School
Public 9-12 • Assigned • 1.5mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 105° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
34 unhealthy days expected this year, 40 days in 30 years
Provided by First Street
Historical weather
Bakersfield, CA • 93306
Average low and high temperatures (°F)
61
41
67
46
74
52
76
53
85
61
95
68
98
72
99
73
91
68
77
56
66
49
58
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.9 hours in
June and 5.3 hours in December, placing it above the
U.S. average for solar exposure.
11.9 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$340,000 – $411,000
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