The offering consists of approximately 147 acres of land located in the northeast portion of the City of Bakersfield in Kern County. The property has entitlements (VTM 6876) consisting of 371 single-family residential lots spread out over five phases with various open space areas. Current VTM set to expire May 14, 2026. Additionally, the property was historically used for crude oil production and grazing so there are several abandoned/shut-in oil wells throughout the property. Surrounding the property are various new and incoming communities, most notably by LGI Homes, K. Hovnanian, and Jeremy Willer Construction. At the discounted price of $1,500,000, ownership is targeting a quick sale. Please reach out with any questions or interest. DD file can be provided upon request.
Eric Washle
Coldwell Banker Commercial SC
