3604 Panama Lane, Bakersfield, CA 93313
- $950,000
- List Price
- $950,000
- Status
- ACTIVE
- MLS#
- IG26138251
- Year Built
- 1985
- Lot Size
- 12,559
- Acres
- 0.29
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 35
- Property Type
- Multifamily
- Style
- Contemporary
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Investor opportunity in one of Bakersfield’s most desirable rental corridors! This beautifully updated five-unit apartment complex offers the ideal blend of strong income potential, tenant appeal, and long-term asset growth. Each unit has been extensively remodeled with newer flooring, fresh interior paint, and modern finishes that create a clean, move-in ready feel tenants will love. Designed with functionality and comfort in mind, every residence features an open-concept floor plan, spacious bedrooms, inside laundry area, a convenient downstairs half bath for guests, and a generously sized full bathroom upstairs. An exceptional bonus rarely found in multifamily properties—each unit includes its own private two-car garage, adding tremendous value, convenience, and rental desirability. Located near shopping centers, schools, dining, and easy freeway access, this property is positioned in a high-demand rental market that supports strong occupancy and consistent cash flow potential. Whether you are a first-time investor looking to begin building wealth through real estate, completing a 1031 exchange, or an experienced investor expanding your portfolio, this property offers the type of low-maintenance, high-demand investment today’s market is searching for. The updated interiors help reduce immediate renovation costs while increasing tenant retention and rental appeal. Opportunities like this are difficult to find—remodeled multifamily properties with strong tenant features, individual garages, and prime location advantages are always in demand. Start collecting rental income from day one while building long-term equity and generational wealth through real estate ownership. Don’t miss the chance to own a turnkey income-producing property in a growing Bakersfield market. Hurry—properties priced like these do not stay available for long!
Additional Information
- Appliances
- Electric Range
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Roof
- Shingle
- Garage Spaces Total
- 10
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Quartz Counters, All Bedrooms Up
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $119,700
- Operating Expense
- 5000
Listing courtesy of Listing Agent: Hugo Chinchay (dreamhomesbyhugo@gmail.com) from Listing Office: eXp Realty of Southern California.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.