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For sale
  • Listed by: eXp Realty of Southern California • Hugo Chinchay • Contact: 888-294-1415
    $950,000

    3604 Panama Ln, Bakersfield, CA 93313

    50beds
    50baths
    4,837sqft
    : 
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    Multi Family
    Built in 1985
    -- sqft lot
    $918,000 Zestimate®
    $196/sqft
    $-- HOA

    What's special

    Investor opportunity in one of Bakersfield’s most desirable rental corridors! This beautifully updated five-unit apartment complex offers the ideal blend of strong income potential, tenant appeal, and long-term asset growth. Each unit has been extensively remodeled with newer flooring, fresh interior paint, and modern finishes that create a clean, move-in ready feel tenants will love. Designed with functionality and comfort in mind, every residence features an open-concept floor plan, spacious bedrooms, inside laundry area, a convenient downstairs half bath for guests, and a generously sized full bathroom upstairs. An exceptional bonus rarely found in multifamily properties—each unit includes its own private two-car garage, adding tremendous value, convenience, and rental desirability. Located near shopping centers, schools, dining, and easy freeway access, this property is positioned in a high-demand rental market that supports strong occupancy and consistent cash flow potential. Whether you are a first-time investor looking to begin building wealth through real estate, completing a 1031 exchange, or an experienced investor expanding your portfolio, this property offers the type of low-maintenance, high-demand investment today’s market is searching for. The updated interiors help reduce immediate renovation costs while increasing tenant retention and rental appeal. Opportunities like this are difficult to find—remodeled multifamily properties with strong tenant features, individual garages, and prime location advantages are always in demand. Start collecting rental income from day one while building long-term equity and generational wealth through real estate ownership. Don’t miss the chance to own a turnkey income-producing property in a growing Bakersfield market. Hurry—properties priced like these do not stay available for long!
    29 days
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    699
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    45
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    Zillow last checked:

    Listing updated:

    Listed by:

    Hugo Chinchay DRE #01141277 909-750-0222,

    eXp Realty of Southern California

    Source: CRMLS,MLS#: IG26138251MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 50
      • Bathrooms: 50
      Rooms
      • Room types: Bedroom, Living Room
      Bedroom
      • Features: All Bedrooms Up
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Electric Range
      • Laundry: Inside
      Features
      • Quartz Counters, All Bedrooms Up
      • Flooring: Laminate
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 4,837
      • Total interior livable area: 4,837 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: Garage
      • Garage spaces: 10
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Front
      • Pool features: None
      • Spa features: None
      • Fencing: Wood
      • Has view: Yes
      • View description: None
      Lot
      • Size: 0.29 Acres
      • Features: 2-5 Units/Acre
      Details
      • Parcel number: 37135213009
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Contemporary
      • Property subtype: Multi Family
      • Attached to another structure: Yes
      Materials
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • Additions/Alterations,Updated/Remodeled
      • New construction: No
      • Year built: 1985

      Utilities & green energy

      • Electric: Standard
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected

      Community & HOA

      Community
      • Features: Curbs
      Location
      • Region: Bakersfield

      Financial & listing details

      • Price per square foot: $196/sqft
      • Date on market: 6/24/2026
      • Cumulative days on market: 29 days
      • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,Submit
      • Tenant pays: Electricity, Gas

        Estimated market value

        $918,000

        $872,000 - $964,000

        $1,377/mo

        Price history

        DateEventPrice
        6/25/2026Listed for sale$950,000+35.7%$196/sqft
        Source: CRMLS #IG26138251 Report a problem
        3/28/2025Sold$700,000-1.8%$145/sqft
        Source: Bakersfield AOR #202502247 Report a problem
        3/5/2025Pending sale$712,500$147/sqft
        Source: Bakersfield AOR #202502247 Report a problem
        2/25/2025Listed for sale$712,500$147/sqft
        Source: Bakersfield AOR #202502247 Report a problem
        2/23/2025Listing removed$712,500$147/sqft
        Source: Bakersfield AOR #202412235 Report a problem
        1/25/2025Listed for sale$712,500$147/sqft
        Source: Bakersfield AOR #202412235 Report a problem
        1/13/2025Pending sale$712,500$147/sqft
        Source: Bakersfield AOR #202412235 Report a problem
        12/31/2024Listed for sale$712,500$147/sqft
        Source: Bakersfield AOR #202412235 Report a problem
        12/24/2024Pending sale$712,500$147/sqft
        Source: Bakersfield AOR #202412235 Report a problem
        12/3/2024Listed for sale$712,500$147/sqft
        Source: Bakersfield AOR #202412235 Report a problem
        6/28/2024Listing removed$712,500$147/sqft
        Source: Bakersfield AOR #202404919 Report a problem
        6/28/2024Pending sale$712,500$147/sqft
        Source: Bakersfield AOR #202404919 Report a problem
        5/18/2024Listed for sale$712,500-5%$147/sqft
        Source: Bakersfield AOR #202404919 Report a problem
        4/4/2024Listing removed--
        Source: Bakersfield AOR #202400199 Report a problem
        2/27/2024Listed for sale$750,000$155/sqft
        Source: Bakersfield AOR #202400199 Report a problem
        1/8/2024Pending sale$750,000$155/sqft
        Source: Bakersfield AOR #202400199 Report a problem
        1/4/2024Listed for sale$750,000$155/sqft
        Source: Bakersfield AOR #202400199 Report a problem
        1/3/2024Listing removed--
        Source: Bakersfield AOR #202310386 Report a problem
        11/22/2023Listed for sale$750,000$155/sqft
        Source: Bakersfield AOR #202310386 Report a problem
        10/26/2023Pending sale$750,000$155/sqft
        Source: Bakersfield AOR #202310386 Report a problem
        10/22/2023Listed for sale$750,000$155/sqft
        Source: Bakersfield AOR #202310386 Report a problem
        10/19/2023Pending sale$750,000$155/sqft
        Source: Bakersfield AOR #202310386 Report a problem
        10/5/2023Listed for sale$750,000$155/sqft
        Source: Bakersfield AOR #202310386 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 93313

        Getting around

        60 / 100
        Somewhat Walkable
        31 / 100
        Some Transit
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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