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Sold for $605,000
  • Listed by: The Ave • Joshua Glaz • Contact: 562-413-9399
    Bought with: The Ave
    $605,000

    139 Dr Martin Luther King Jr Blvd, Bakersfield, CA 93307

    8beds
    8baths
    3,520sqft
    Multi Family
    Built in 1983
    -- sqft lot
    $605,200 Zestimate®
    $172/sqft
    $1,427 Estimated rent

    Home value

    $605,200

    $551,000 - $666,000

    $1,427/mo

    Zestimate® history
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    What's special

    Fantastic Investment Opportunity in Downtown Bakersfield Welcome to 139 Martin Luther King Blvd, a prime 4-unit multi-family property located in the heart of Bakersfield. This fully updated investment gem features four spacious units, each offering 2 bedrooms and 1.5 bathrooms—ideal for tenants seeking comfortable and modern living spaces. Nestled in the vibrant downtown area, this property is within walking distance to Bakersfield College, public transportation, and a variety of local amenities, making it a highly desirable location for renters. Key Features: Turnkey Property: All four units are fully updated, ensuring low maintenance and modern appeal. Reliable Tenants: Currently leased to the Bakersfield Housing Authority under their hassle-free program, providing consistent and dependable income. Ample Parking: The property boasts an abundance of parking spaces, a rare find in downtown Bakersfield. ADU Potential: With room to add two Accessory Dwelling Units (ADUs), this property offers incredible potential to increase rental income. This is a rare opportunity to own a solid, income-generating property in one of Bakersfield's most sought-after neighborhoods. Whether you're a seasoned investor or just starting your portfolio, 139 Martin Luther King Blvd is a smart addition to any real estate portfolio. Don't miss out—schedule your showing today and secure this outstanding investment!

    Zillow last checked:

    Listing updated:

    Listed by:

    Joshua Glaz DRE #01856858 562-413-9399,

    The Ave

    Bought with:

    Joshua Glaz, DRE #01856858

    The Ave

    Source: CRMLS,MLS#: DW25001243MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 8
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 3,520
    • Total interior livable area: 3,520 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 10,066 Square Feet
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 01919223003
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Bakersfield

    Financial & listing details

    • Price per square foot: $172/sqft
    • Tax assessed value: $533,460
    • Date on market: 1/3/2025
    • Cumulative days on market: 22 days
    • Listing terms: Conventional,FHA

    Price history

    DateEventPrice
    5/27/2026Sold$605,000+15.7%$172/sqft
    Source: Public Record Report a problem
    3/6/2025Sold$523,000-7.4%$149/sqft
    Source: CRMLS #DW25001243 Report a problem
    2/18/2025Pending sale$565,000$161/sqft
    Source: CRMLS #DW25001243 Report a problem
    2/16/2025Listed for sale$565,000+76.6%$161/sqft
    Source: CRMLS #DW25001243 Report a problem
    4/26/2019Sold$320,000+1.6%$91/sqft
    Source: Bakersfield AOR #21901230 Report a problem
    3/25/2019Pending sale$315,000$89/sqft
    Source: Watson Realty ERA #21901230 Report a problem
    3/25/2019Listed for sale$315,000$89/sqft
    Source: Watson Realty ERA #21901230 Report a problem
    2/8/2019Pending sale$315,000$89/sqft
    Source: Watson Realty ERA #21901230 Report a problem
    1/31/2019Listed for sale$315,000+254.1%$89/sqft
    Source: Watson Realty ERA #21901230 Report a problem
    10/22/2018Sold$88,962-60.5%$25/sqft
    Source: Public Record Report a problem
    3/8/2018Pending sale$225,000$64/sqft
    Source: Watson Realty ERA #21801878 Report a problem
    3/1/2018Listed for sale$225,000-21.1%$64/sqft
    Source: Watson Realty ERA #21801878 Report a problem
    8/1/2017Listing removed$285,000$81/sqft
    Source: Rueben Zamudio, Broker #21701660 Report a problem
    2/14/2017Listed for sale$285,000+14%$81/sqft
    Source: Rueben Zamudio, Broker #21701660 Report a problem
    9/4/2014Sold$250,000+4.2%$71/sqft
    Source: Public Record Report a problem
    7/24/2014Price change$240,000+4.3%$68/sqft
    Source: Watson Realty ERA #21406647 Report a problem
    6/24/2014Listed for sale$230,000+100%$65/sqft
    Source: Watson Realty ERA #21406647 Report a problem
    12/7/2012Sold$115,000+1050%$33/sqft
    Source: Public Record Report a problem
    12/13/1996Sold$10,000+11.1%$3/sqft
    Source: Public Record Report a problem
    7/10/1996Sold$9,000$3/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $533,460 +49.4%
    2025$6,708 +1.8%$356,962 +2%
    2024$6,589 +2.4%$349,964 +2%
    2023$6,432 +3%$343,103 +2%
    2022$6,247 $336,376 +2%
    2021-- $329,781 +1%
    2020-- $326,400 +14.3%
    2019$5,131 +4.8%$285,600 +8.2%
    2018$4,896 -31.9%$264,062 +2%
    2017$7,187 +58.9%$258,886 +2%
    2016$4,524 +0.9%$253,811 +1.5%
    2015$4,485 +54.9%$250,000 +116.4%
    2014$2,896 $115,521 +0.5%
    2013-- $115,000 +173.9%
    2012$2,098 +0.4%$41,982 +2%
    2011$2,089 +1.8%$41,160 +0.7%
    2010$2,052 +0.6%$40,854 -0.2%
    2009$2,040 +4.2%$40,952 +2%
    2008$1,958 +5.9%$40,150 +2%
    2007$1,848 +6.8%$39,364 +2%
    2006$1,730 +3.9%$38,594 +2%
    2005$1,665 +1.3%$37,838
    2004$1,643 +5.6%$37,838 +1.9%
    2003$1,556 $37,148 +4%
    2002$1,556 -49.7%$35,706 +2%
    2001$3,097 $35,006
    2000-- $35,006
    Find assessor info on the county website

    Neighborhood: Lakeview

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $605,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $605,200