#DW25035784, Eusebio Garza, Listing office: Jason Mitchell Real Estate Ca
Property details
About 531 Kentucky St
Investor Special - Six-Unit Property with Major UpsideHere's your opportunity to own a value-add six-unit apartment complex in a location with strong rental demand. Each unit features two bedrooms and one bathroom with approximately 750 square feet of space. The building needs work, but the bones are solid and the potential is clear. Two units have had fires and need fire restoration, one unit needs an AC, two units need electrical, and the units need paint, flooring, and some plumbing. With the right updates, each unit could easily rent for around $1,100 per month, offering a healthy return on investment.All units offer a simple, functional layout that tenants love. This is a great chance for a savvy investor or contractor looking for their next rehab project. Whether you're looking to fix and flip or renovate and hold for cash flow, this property gives you options.The property is being sold as-is, cash only, and is priced to reflect the condition.
Highlights
Home typeMulti Family
HeatingCentral
StatusActive
CoolingCentral Air
Size750 sqft
Year built2010
MLS #202507376
Summary
- Heating: Central
- Cooling: Central Air
- List Price: $424,999
- Price/SqFt: $566
- Annual Tax Amount: $4,937
- Tax Year: 2024
- Year Built: 2010
- Stories: 1
- Living Area: 750 SqFt
- MLS Number: 202507376
- MLS Name: Bakersfield
- Office Name: Ascend Real Estate and Property Management
- Office Email: nikboone@gmail.com
- Listing Agent: Nik Boone
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: 7/2/2025, 10:45:38 AM 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 | $325,811 | $4,937 |
| 2023 | $319,424 | $4,819 |
| 2022 | $313,162 | $4,706 |
| 2021 | $307,023 | $4,399 |
| 2020 | $303,876 | $4,286 |
| 2019 | $297,919 | $4,121 |
| 2018 | $292,078 | $4,109 |
| 2017 | $286,352 | $4,109 |
History based on county public records data.
Nearby schools
2
Jefferson Elementary School
Public District KG-6
0.7 mi
•816 Lincoln St
3
Longfellow Elementary School
Public District KG-6
0.8 mi
•1900 Stockton St
5
Bessie Owens Elementary School
Public District KG-6
0.9 mi
•815 Potomac Ave
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 $16,762. Typical income of Bakersfield, CA residents is less than $<35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
92%
<35k
6%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
48%
Single, No Kids
25%
Single, with Kids
10%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
9%
12-17 yrs old
29%
18-34 yrs old
34%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Boston Market
Jack In The Box
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 531 Kentucky St
The listing price of 531 Kentucky St property is $424,999.
The property 531 Kentucky St is a multi located in Bakersfield, California, 93305.
Active Listing: 531 Kentucky St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 531 Kentucky St are: Jefferson Elementary School (GreatSchools Rating 2/10), Longfellow Elementary School (GreatSchools Rating 3/10), Bessie Owens Elementary School (GreatSchools Rating 5/10), Lincoln Junior High School (GreatSchools Rating 1/10), Downtown Elementary School (GreatSchools Rating 8/10), Washington Middle School (GreatSchools Rating 2/10), Kern County Community (GreatSchools Rating 1/10), East Bakersfield High School (GreatSchools Rating 4/10), Valley Oaks Charter (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $4,937 (source: MLS/based on county public records data).
The property 531 Kentucky St is 750 SqFt (source: MLS/tax record).
The year of construction for 531 Kentucky St is 2010.
This home is located at 531 Kentucky St in Bakersfield, CA and zip code 93305 in the East Bakersfield neighborhood. This 750 square foot home was built in 2010. Features: 0 bathroom. It has been listed on Rocket Homes since July 1, 2025 and is currently priced at $424,999.
In June 2025 more than 101 listings in Bakersfield, CA were sold above the asking price. During the same period more than 136 listings were sold at asking price, while more than 166 were sold below. Between May and June 2025, Bakersfield, CA real estate market has seen increase in the number of listings by 8.3%. Listings spent 44 days on the market in June 2025, and had a median list price of $392,480 during the same period.
From Rocket Homes Real Estate and based on county public records data.