Fully-Rehabbed CASH PRODUCER. $26,400 gross rents. 6.7 cap rate. $167/ft (below build cost!) Renovated 2-Homes-on-1 Lot with cash-paying long term tenants. Each unit is 2-bedrooms and 1-bath. Incredible investment opportunity to own a fully occupied cash-flow property in a highly desirable and low vacancy area. Low maintenance flooring throughout (Luxury Vinyl Plank in 501; Wood Tile in 509), updated counters, new cabinets, newer roofs, stucco exterior and new paint throughout - bottom line - low maintenance units. Each unit has its own fenced yard. Situated on a large corner lot. Close to schools, shopping and eateries. EASY TO RENT. 6.7% cap rate based on 20% expense ratio. Low maintenance units with quality tenants. The perfect add for your portfolio.
Sold
$319,000
501 Pesante Rd, Bakersfield, CA 93306
--beds
--baths
1,907sqft
Multi Family
Built in 1980
-- sqft lot
$-- Zestimate®
$167/sqft
$1,281 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,281/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 01, 2024 at 03:45am
Listed by:
Dan T. Shanyfelt DRE #01388129 661-282-8980 dshanyfelt@gmail.com,
Miramar Realty,
Tara Lyons DRE #01274779 661-201-7189,
Miramar Realty
Bought with:
Mayra I. Bastidas Gonzalez, DRE #02188290
Sierra Central Real Estate
Source: Bakersfield AOR,MLS#: 202400406
Facts & features
Interior
Interior area
- Total structure area: 1,907
- Total interior livable area: 1,907 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
Lot
- Size: 7,840 sqft
Details
- Parcel number: 13517210
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1980
Community & neighborhood
Location
- Region: Bakersfield
- Subdivision: Redondo Los Palos Verdes
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Listing removed | $375,000$197/sqft |
Source:  Bakersfield AOR #202511130 Report a problem | ||
| 9/30/2025 | Listed for sale | $375,000+17.6%$197/sqft |
Source: Bakersfield AOR #202511130 Report a problem | ||
| 3/29/2024 | Sold | $319,000$167/sqft |
Source: Bakersfield AOR #202400406 Report a problem | ||
| 2/16/2024 | Listed for sale | $319,000$167/sqft |
Source: Bakersfield AOR #202400406 Report a problem | ||
| 2/2/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,286 +111.1% | $325,380 +306.6% |
| 2024 | $2,504 +3.7% | $80,032 +2% |
| 2023 | $2,416 +8.7% | $78,464 +2% |
Find assessor info on the county website
Neighborhood: East Niles
Nearby schools
GreatSchools rating
- 5/10Pioneer Drive Elementary SchoolGrades: K-6Distance: 0.4 mi
- 4/10Walter Stiern Middle SchoolGrades: 6-8Distance: 1.9 mi
- 4/10Foothill High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Pioneer Drive
- Middle: Sierra
- High: Foothill
- District: Bakersfield City
Source: Bakersfield AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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