Amazing leased investment opportunity to acquire nine (9) BRAND NEW single family homes in SW Bakersfield with new construction completed in 2017. The portfolio is 100% leased and stabilized, consisting of 9 single family homes. Each floor plan is unique and open and designed specifically for this community. Located in the rapidly growing SW Bakersfield submarket having quick access to all the commercial centers along the Panama Lane corridor.
Multi-familyProperty Type
2017Year Built
4,792 sq ftLot Size
11 car garageParking
Listed by Mark Windes•DRE #01890107• Landstone Realty Advisors, Inc
Bought with Phong Ho•DRE #01864305• Bakersfield Realty & Investment
*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
4
Baths
—
Stories
1
Lot width
—
Lot depth
—
Lot size
4,792 Sq. Ft.
Year renovated
2017
Sq. Ft.
1,588
Year built
2017
Style
Single Family Residential
County
Kern County
APN
53220054003
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
R-1
Single-Unit Dwelling Zone
The purpose of the R-1 zone is to provide land areas for the use and occupancy of single-unit detached dwellings and accessory dwelling units. It is the intent of this zone to protect and preserve existing neighborhoods and promote the future development of lower-density residential single-unit neighborhoods that provide a livable, walkable, and sustainable residential environment. The residential density range for this zone is 2.1 to 6 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Other
Office
Educational/school
Jun 2, 2018 • Final
Res - new (r3) single family res
New construction
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
# of Garages: 11
Parking: Garage
Exterior
Building Information
Stories: 1
Foundation: Slab
Roof: Tile
Exterior Features
Exterior Material: Stucco
Land & Farm Information
Census Tract: 32.06
Acres: 0.11
Lot Information
Lot Measurement: Square Feet
Zoning: R-1 (Single Family Residential Rental Community)
Property Information
Occupant Type: Tenant
Financial
Lease Information
Vacancy Factor: 3.00
Utilities
Utility Information
Heating & Cooling: Central AC, Central Heat
Sewer/Water: Sewer, Public Water
Location
Multi-Unit Information
# of Units: 11
Financial Info: Owner, Other (See Remarks)
Annual Gross Income: $207,000
Annual Net Income: $151,220
Income/Expense Info: Pro Forma
Total Annual Expense: $53,368
Unit Type 1 Information
# of Units: 1
# of Bedrooms: 3
# of Baths: 2.00
Actual Monthly Rent: $1,500
Unit Type 2 Information
# of Units: 2
# of Bedrooms: 3
# of Baths: 2.00
Actual Monthly Rent: $1,550
Unit Type 3 Information
# of Units: 3
# of Bedrooms: 4+
# of Baths: 2.00
Actual Monthly Rent: $1,600
Unit Type 4 Information
# of Units: 4
# of Units: 4
# of Bedrooms: 3
# of Baths: 2.00
Actual Monthly Rent: $1,650
School Information
Elementary Districts: Panama-Buena Vista
Elementary School: Miller, Douglas
Jr. High School: Stonecreek
Sr. High School: Ridgeview
Location Information
Directions: From Panama Lane, head south on Mountain Ridge Drive, turn left on Poso Ridge Drive.
Cross Street: Mountain Ridge
Public facts
Beds: 4
Baths: —
Sq. Ft.: 1,588
Stories: 1.0
Lot Size: 4,792 square feet
Style: Single Family Residential
Year Built: 2017
Year Renovated: 2017
County: Kern County
APN: 53220054003
Home facts updated by county records on Sep 14, 2026
Other
Listing Price Information
Price Per Unit: $204,545.45
Around this home
Schools
Douglas J. Miller Elementary School
Public K-6 • Assigned • 0.9mi
6/10
Stonecreek Junior High School
Public 7-8 • Assigned • 1.2mi
8/10
Ridgeview High School
Public 9-12 • Assigned • 0.3mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 18-26% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 104° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
33 unhealthy days expected this year, 38 days in 30 years
Provided by First Street
Historical weather
Bakersfield, CA • 93313
Average low and high temperatures (°F)
61
39
67
45
75
51
76
52
85
59
95
66
98
69
98
71
91
68
81
57
66
48
57
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11.6 hours in
June and 5.4 hours in December, placing it above the
U.S. average for solar exposure.
11.6 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
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