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1507 Pearl St
Bakersfield, CA 93305 East Bakersfield

$299,000 USD

Apartments For Sale • 1,494 SF

Property Details

Property Type Apartments
Total Building Size 1,494 SF
Lot Size 0.17 AC
Building Class C
Year Built 1940
Cap Rate 6.82 %
Zoning R1

20 Transit Score

50 Walk Score

                
                    Highlights
                
                                Two separate residences on one 7,405 SF lot
                            
                                Permitted ADU (2BD/1BA, ~580 SF)
                            
                                Front home fully remodeled — new kitchen, bath, flooring
                            
                                Solar system paid in full
                            
                                Zoned R-1, unincorporated Kern County
                            
                                Estimated combined market rent: $2,900/mo ($34,800/yr)

Financial Summary (Actual)

Net Operating Income: $20,403 USD (2025)

Cap Rate:	6.82 %
Total Expenses:	$13,701 USD

Public Transportation

Airport	Drive	Walk	Distance
Meadows Field	18 min	-	8.8 mi

Philip Jordan 805-453-8353 Jordan Apartment Guys

1507 Pearl St Bakersfield, CA 93305 East Bakersfield