Investment Opportunity! This gated 4-unit complex offers steady cash flow with two fully-occupied duplexes. Each unit provides 3 bedrooms and 1.5 baths, featuring functional amenities like central AC/heat and in-unit laundry hookups. The property includes fenced front yards for added privacy and 8 uncovered parking spaces (2 for each unit) with a cinder block perimeter wall. Currently rented and cash-flow positive, this complex presents a straightforward entry into multifamily real estate. Ideal for investors looking to expand their portfolio with a no-frills, income-generating property. Potential space and opportunity to add additional units in the back of the lot.
Sold
$600,000
131 Dr Martin Luther King Jr Blvd, Bakersfield, CA 93307
--beds
--baths
4,400sqft
Multi Family
Built in 1983
-- sqft lot
$594,700 Zestimate®
$136/sqft
$1,715 Estimated rent
Home value
$594,700
$529,000 - $666,000
$1,715/mo
Zestimate® history
Owner options
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$3,846/mo
Est. payment
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$3,846/mo
Est. payment
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List your homeWhat's special
Fenced front yardsCinder block perimeter wallUncovered parking spacesIn-unit laundry hookups
Zillow last checked:
Listing updated:
Listed by:
Rylan David Rozell DRE #01807966 661-735-1887 Admin@lockhartreadvisors.com,
Lockhart Real Estate Advisors
Bought with:
Non-Member
Non-Member Office
Source: Bakersfield AOR,MLS#: 202502586
Facts & features
Interior
Interior area
- Total structure area: 4,400
- Total interior livable area: 4,400 sqft
Property
Parking
- Total spaces: 7
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Size: 0.37 Acres
Details
- Parcel number: 01919221
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1983
Community & HOA
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $136/sqft
- Tax assessed value: $612,000
- Date on market: 3/4/2025
- Cumulative days on market: 275 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2025 | Pending sale | $675,000+12.5%$153/sqft |
Source:  Bakersfield AOR #202502586 Report a problem | ||
| 6/20/2025 | Sold | $600,000-11.1%$136/sqft |
Source: Bakersfield AOR #202502586 Report a problem | ||
| 3/4/2025 | Listed for sale | $675,000$153/sqft |
Source: Bakersfield AOR #202502586 Report a problem | ||
| 3/1/2025 | Listing removed | $675,000$153/sqft |
Source: Bakersfield AOR #202409557 Report a problem | ||
| 1/6/2025 | Price change | $675,000-4.9%$153/sqft |
Source: Bakersfield AOR #202409557 Report a problem | ||
| 9/18/2024 | Listed for sale | $710,000+61.4%$161/sqft |
Source: Bakersfield AOR #202409557 Report a problem | ||
| 5/14/2021 | Sold | $440,000$100/sqft |
Source: Bakersfield AOR #202102711 Report a problem | ||
| 4/2/2021 | Pending sale | $440,000$100/sqft |
Source: Bakersfield AOR #202102711 Report a problem | ||
| 3/13/2021 | Listed for sale | $440,000+58.3%$100/sqft |
Source: Bakersfield AOR #202102711 Report a problem | ||
| 3/13/2019 | Sold | $278,000+1.1%$63/sqft |
Source: Public Record Report a problem | ||
| 2/12/2019 | Pending sale | $275,000$63/sqft |
Source: Rex Real Estate Exchange Report a problem | ||
| 1/12/2019 | Listed for sale | $275,000+103.7%$63/sqft |
Source: Rex Real Estate Exchange Report a problem | ||
| 2/22/2014 | Sold | $135,000-34.1%$31/sqft |
Source: Bakersfield AOR #21309192 Report a problem | ||
| 4/30/2003 | Sold | $205,000+133.7%$47/sqft |
Source: Public Record Report a problem | ||
| 12/3/2002 | Sold | $87,725+119.3%$20/sqft |
Source: Public Record Report a problem | ||
| 3/8/2001 | Sold | $40,000$9/sqft |
Source: Public Record Report a problem | ||
| 8/4/2000 | Sold | $40,000+42.9%$9/sqft |
Source: Public Record Report a problem | ||
| 11/17/1999 | Sold | $28,000$6/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $612,000 +28.5% |
| 2025 | $8,097 +1.7% | $476,268 +2% |
| 2024 | $7,965 +2.3% | $466,930 +2% |
| 2023 | $7,785 -3.4% | $457,776 +2% |
| 2022 | $8,063 | $448,800 +9.5% |
| 2021 | -- | $410,000 |
| 2020 | -- | $410,000 +171% |
| 2019 | $3,541 +2% | $151,315 +4% |
| 2018 | $3,472 +0.9% | $145,441 +2% |
| 2017 | $3,441 +5.9% | $142,590 +2% |
| 2016 | $3,250 +1.2% | $139,795 +1.5% |
| 2015 | $3,212 -1.3% | $137,696 -6.8% |
| 2014 | $3,255 | $147,674 +0.5% |
| 2013 | -- | $147,007 +6.5% |
| 2012 | $3,225 -0.5% | $138,000 |
| 2011 | $3,242 +3.8% | $138,000 +4.5% |
| 2010 | $3,125 -2.8% | $132,000 -6.1% |
| 2009 | $3,216 +4.3% | $140,580 +2% |
| 2008 | $3,082 +4.2% | $137,825 +2% |
| 2007 | $2,957 +6.2% | $135,124 +2% |
| 2006 | $2,784 +2.8% | $132,475 +2% |
| 2005 | $2,709 +0.8% | $129,878 |
| 2004 | $2,687 +12.4% | $129,878 +16.6% |
| 2003 | $2,390 | $111,426 +4% |
| 2002 | $2,390 -38.6% | $107,100 +45.4% |
| 2001 | $3,895 | $73,665 |
| 2000 | -- | $73,665 |
Find assessor info on the county website
Neighborhood: Lakeview
Nearby homes
- $--3 bd1 ba4.4k sqft131 Martin L King Blvd APT B, Bakersfield, CA 93307Off Market
- $--3 bd1 ba1.1k sqft131 Dr Martin Luther King Jr Blvd APT C, Bakersfield, CA 93307Off Market
- $--3 bd1 ba1.1k sqft131 Dr Martin Luther King Jr Blvd APT A, Bakersfield, CA 93307Off Market
- $476,000-- bd-- ba3.5k sqft137 Dr Martin Luther King Jr Blvd, Bakersfield, CA 93307Off Market
- $605,0008 bd8 ba3.5k sqft139 Dr Martin Luther King Jr Blvd, Bakersfield, CA 93307Sold
- $179,7002 bd1 ba791 sqft126 Dr Martin Luther King Jr Blvd, Bakersfield, CA 93307Off Market
- $179,5002 bd1 ba791 sqft126 Martin L King Blvd, Bakersfield, CA 93307Off Market
- $181,0002 bd1 ba780 sqft126 Martin Luther King Jr Blvd, Bakersfield, CA 93307Off Market
Nearby schools
GreatSchools rating
- 3/10Fremont Elementary SchoolGrades: K-6Distance: 0.7 mi
- 1/10Abraham Lincoln Jr. HighGrades: 7-8Distance: 1 mi
- 3/10Mira Monte High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Fremont_Bak
- High: Mira Monte
- 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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Estimated market value
$594,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$594,700
- California
- Kern County
- Bakersfield
- 93307
- Lakeview
- 131 Dr Martin Luther King Jr Blvd
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