Property details
About 5201 Demaret Ave
Offered at $1,640,000, 5201 Demaret is a well-maintained 16-unit apartment complex located in Southwest Bakersfield near the California Avenue office corridor and major retail centers. Built in 1970 and totaling approximately 10,980 square feet, the property generates a gross scheduled income of $181,860 annually. The seller has cared for the building to a high standard, including recent exterior paint and ongoing upkeep. This asset presents an attractive opportunity for investors seeking cash flow in a strong rental submarket
Highlights
Summary
- Heating: Central
- Cooling: Central Air
- List Price: $1,640,000
- Price/SqFt: $149
- Annual Tax Amount: $12,844
- Tax Year: 2024
- Year Built: 1970
- Stories: 2
- Living Area: 10,980 SqFt
- MLS Number: 202507547
- MLS Name: Bakersfield
- Office Name: ASU Commercial
- Office Email: thurston@asuassociates.com
- Listing Agent: Marc A Thurston
Based on information from Golden Empire MLS, Inc. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Bakersfield Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 3:45:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $457,427 | $12,844 |
| 2023 | $448,458 | $12,509 |
| 2022 | $439,666 | $11,949 |
| 2021 | $431,046 | $11,079 |
| 2020 | $426,627 | $10,755 |
| 2019 | $418,263 | $10,434 |
| 2018 | $410,063 | $10,363 |
| 2017 | $402,023 | $10,363 |
History based on county public records data.
Nearby schools
3
Wayne Van Horn Elementary School
Public District KG-6
0.5 mi
•5501 Kleinpell Ave
3
Millie G. Munsey Elementary School
Public District KG-6
0.8 mi
•3801 Brave Ave
4
Caroline Payne Harris Elementary School
Public District KG-6
1.2 mi
•4110 Garnsey Ln
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $55,475. Residents of Bakersfield, CA typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Frequently asked questions
About 5201 Demaret Ave
The listing price of 5201 Demaret Ave property is $1,640,000.
The property 5201 Demaret Ave is a multi located in Bakersfield, California, 93309.
Active Listing: 5201 Demaret Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5201 Demaret Ave are: Wayne Van Horn Elementary School (GreatSchools Rating 3/10), Millie G. Munsey Elementary School (GreatSchools Rating 3/10), Caroline Payne Harris Elementary School (GreatSchools Rating 4/10), James Curran Middle School (GreatSchools Rating 4/10), O.J. Actis Junior High School (GreatSchools Rating 5/10), Fred L. Thompson Junior High School (GreatSchools Rating 5/10), West High School (GreatSchools Rating 4/10), Kern Workforce 2000 Academy (GreatSchools Rating 2/10), Bakersfield High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $12,844 (source: MLS/based on county public records data).
The property 5201 Demaret Ave is 10,980 SqFt (source: MLS/tax record).
The year of construction for 5201 Demaret Ave is 1970.
This home is located at 5201 Demaret Ave in Bakersfield, CA and zip code 93309 in the The Southwest neighborhood. This 10,980 square foot home was built in 1970. Features: 0 bathroom. It has been listed on Rocket Homes since July 7, 2025 and is currently priced at $1,640,000.
In June 2025, from all listings sold in Bakersfield, CA there were more than 101 sold above asking price, over 166 sold below and more than 136 were sold right at the asked price. The inventory of homes for sale in Bakersfield, CA between May and June 2025 increased by 8.3%. The median list price of listings available in June 2025 was $392,480, while the average time on the real estate market was 44 days.