Fully-Rehabbed CASH PRODUCER. $26,400 gross rents. 6.7 cap rate. $167/ft (below build cost!) Renovated 2-Homes-on-1 Lot with cash-paying long term tenants. Each unit is 2-bedrooms and 1-bath. Incredible investment opportunity to own a fully occupied cash-flow property in a highly desirable and low vacancy area. Low maintenance flooring throughout (Luxury Vinyl Plank in 501; Wood Tile in 509), updated counters, new cabinets, newer roofs, stucco exterior and new paint throughout - bottom line - low maintenance units. Each unit has its own fenced yard. Situated on a large corner lot. Close to schools, shopping and eateries. EASY TO RENT. 6.7% cap rate based on 20% expense ratio. Low maintenance units with quality tenants. The perfect add for your portfolio.
Sold
$319,000
501 Pesante Rd, Bakersfield, CA 93306
--beds
--baths
1,907sqft
Multi Family
Built in 1980
-- sqft lot
$332,700 Zestimate®
$167/sqft
$1,277 Estimated rent
Home value
$332,700
$309,000 - $356,000
$1,277/mo
Zestimate® history
Owner options
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$1,277/mo
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$1,277/mo
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$2,043/mo
Est. payment
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$2,043/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Dan T. Shanyfelt DRE #01388129 661-282-8980 dshanyfelt@gmail.com,
Miramar Realty,
Tara Lyons DRE #01274779 661-201-7189,
Miramar Realty
Bought with:
Mayra I. Bastidas Gonzalez, DRE #02188290
Sierra Central Real Estate
Source: Bakersfield AOR,MLS#: 202400406
Facts & features
Interior
Interior area
- Total structure area: 1,907
- Total interior livable area: 1,907 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
Lot
- Size: 7,840 Square Feet
Details
- Parcel number: 13517210
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1980
Community & HOA
Community
- Subdivision: Redondo Los Palos Verdes
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $167/sqft
- Tax assessed value: $331,887
- Date on market: 2/16/2024
- Cumulative days on market: 14 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/9/2026 | Listing removed | $375,000$197/sqft |
Source:  Bakersfield AOR #202511130 Report a problem | ||
| 9/30/2025 | Listed for sale | $375,000+17.6%$197/sqft |
Source: Bakersfield AOR #202511130 Report a problem | ||
| 3/29/2024 | Sold | $319,000$167/sqft |
Source: Bakersfield AOR #202400406 Report a problem | ||
| 2/16/2024 | Listed for sale | $319,000$167/sqft |
Source: Bakersfield AOR #202400406 Report a problem | ||
| 2/2/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/29/2021 | Listed for rent | $1,050$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $331,887 +2% |
| 2025 | $5,286 +111.1% | $325,380 +306.6% |
| 2024 | $2,504 +3.7% | $80,032 +2% |
| 2023 | $2,416 +8.7% | $78,464 +2% |
| 2022 | $2,223 | $76,926 +2% |
| 2021 | -- | $75,418 +1% |
| 2020 | $1,953 +1.9% | $74,646 |
| 2019 | $1,918 +3.3% | $74,646 +4% |
| 2018 | $1,856 +12.6% | $71,749 +2% |
| 2017 | $1,648 +4.9% | $70,343 +2% |
| 2016 | $1,571 +0.1% | $68,965 +1.5% |
| 2015 | $1,570 +2.6% | $67,930 +2% |
| 2014 | $1,530 | $66,600 +0.5% |
| 2013 | -- | $66,300 +2% |
| 2012 | $1,466 +10.5% | $65,000 +14% |
| 2011 | $1,327 +4.4% | $57,000 +11.5% |
| 2010 | $1,271 +0.1% | $51,137 |
| 2009 | $1,270 -16.1% | $51,137 -32.5% |
| 2008 | $1,515 +20.4% | $75,769 +2% |
| 2007 | $1,258 +3.5% | $74,284 +2% |
| 2006 | $1,216 +3.2% | $72,828 +2% |
| 2005 | $1,178 +21.4% | $71,400 +30.7% |
| 2004 | $970 +5.7% | $54,640 +1.9% |
| 2003 | $918 | $53,639 +4% |
| 2002 | $918 +3.8% | $51,557 +2% |
| 2001 | $885 | $50,547 |
| 2000 | -- | $50,547 |
Find assessor info on the county website
Neighborhood: East Niles
Nearby homes
- $201,3002 bd1 ba842 sqft3408 Pioneer Dr, Bakersfield, CA 93306Off Market
- $219,2002 bd1 ba552 sqft517 Pesante Rd, Bakersfield, CA 93306Off Market
- $237,1002 bd1 ba2.1k sqft3322 Pioneer Dr, Bakersfield, CA 93306Off Market
- $264,2002 bd1 ba1.9k sqft3410 Pioneer Dr, Bakersfield, CA 93306Off Market
- $212,2002 bd1 ba792 sqft3401 Fillmore Ave, Bakersfield, CA 93306Off Market
- $285,0002 bd1 ba1.5k sqft3320 Pioneer Dr, Bakersfield, CA 93306Pending
- $190,6002 bd1 ba672 sqft3412 Pioneer Dr, Bakersfield, CA 93306Off Market
- $256,4003 bd2 ba1.3k sqft3331 Fillmore Ave, Bakersfield, CA 93306Off Market
Nearby schools
GreatSchools rating
- 5/10Pioneer Drive Elementary SchoolGrades: K-6Distance: 0.4 mi
- 2/10Walter Stiern Middle SchoolGrades: 6-8Distance: 1.9 mi
- 5/10Foothill High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Pioneer Drive
- Middle: Sierra
- High: Foothill
- 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
$332,700
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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
$332,700
- California
- Kern County
- Bakersfield
- 93306
- East Niles
- 501 Pesante Rd
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