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1607 Palm Dr
Bakersfield, CA 93305 East Bakersfield

$1,150,000 USD

Apartments For Sale  •  5,917 SF

Property Details

• Property Type Apartments
• Total Building Size 5,917 SF
• Lot Size 0.36 AC
• Building Class B
• Year Built 1950
• Cap Rate 6.20 %
• Zoning R3

0 Transit Score

68 Walk Score

Highlights

Modern dual-pane windows

Updated exterior paint

Beautiful, well-kept grounds

Stable, long-term residency

Fully occupied 10-unit building

Desirable unit mix of 1-bedroom and 2-bedroom units

Financial Summary (Proforma)

Net Operating Income: $71,119 USD (2025)

Cap Rate:	6.20 %
Total Expenses:	$55,739 USD

Amenities

• 24 Hour Access
• Controlled Access
• Tenant Controlled HVAC
• Kitchen
• Refrigerator
• Range
• Tub/Shower
• Double Pane Windows
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
	7 min	-	3.0 mi
Airport	Drive	Walk	Distance
Meadows Field	18 min	-	8.6 mi