A Great Investment Opportunity!Unique C-2 commercial property package featuring a remodeled 2 bedroom 3/4 bath home plus adjacent vacant commercial lot being sold together totaling approximately 15, 245 sq. ft. These two parcels create an excellent opportunity for owner-user, investor or possible business potential.The home offers approximately 748 sq. ft. with granite counters, updated paint, composition roof, A/C and excellent usability's.Opportunities like this are hard to find--bring your vision and take advantage of this rare two-parcel investment.
Sold
$325,000
655 Panama Ln, Bakersfield, CA 93307
2beds
748sqft
Single Family Residence
Built in 1948
6,969 Square Feet Lot
$323,200 Zestimate®
$434/sqft
$1,758 Estimated rent
Home value
$323,200
$307,000 - $339,000
$1,758/mo
Zestimate® history
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$2,090/mo
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Phyllis Lopez DRE #01195361 661-333-8506 phyllislopez@bak.rr.com,
Watson Realty
Bought with:
Phyllis Lopez, DRE #01195361
Watson Realty
Source: Bakersfield AOR,MLS#: 202605371
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Central
Cooling
- Central Air
Features
- Has fireplace: No
Interior area
- Total structure area: 748
- Total interior livable area: 748 sqft
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 51603246
- Zoning: C-2
- Zoning description: C-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1948
Community & HOA
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $434/sqft
- Tax assessed value: $60,328
- Annual tax amount: $1,282
- Date on market: 5/19/2026
- Cumulative days on market: 5 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Sold | $325,000$434/sqft |
Source:  Bakersfield AOR #202605371 Report a problem | ||
| 5/29/2026 | Pending sale | $325,000$434/sqft |
Source: Bakersfield AOR #202605371 Report a problem | ||
| 5/27/2026 | Listed for sale | $325,000$434/sqft |
Source: Bakersfield AOR #202605371 Report a problem | ||
| 5/20/2026 | Pending sale | $325,000$434/sqft |
Source: Bakersfield AOR #202605371 Report a problem | ||
| 5/19/2026 | Listed for sale | $325,000$434/sqft |
Source: Bakersfield AOR #202605371 Report a problem | ||
| 4/15/2025 | Listing removed | $2,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/19/2025 | Listed for rent | $2,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,282 +2.3% | $60,328 +2% |
| 2024 | $1,253 +2.8% | $59,146 +2% |
| 2023 | $1,219 +2.3% | $57,987 +2% |
| 2022 | $1,192 | $56,851 +2% |
| 2021 | -- | $55,738 +1% |
| 2020 | $965 +2% | $55,167 |
| 2019 | $945 +4.2% | $55,167 +4% |
| 2018 | $908 +1.6% | $53,027 +2% |
| 2017 | $894 +5.3% | $51,988 +2% |
| 2016 | $849 +1.4% | $50,969 +1.5% |
| 2015 | $837 +1.9% | $50,204 +2% |
| 2014 | $822 | $49,221 +221.4% |
| 2013 | -- | $15,316 +2% |
| 2012 | $441 +1.9% | $15,017 +2% |
| 2011 | $433 -0.4% | $14,724 +0.7% |
| 2010 | $435 -0.3% | $14,615 -0.2% |
| 2009 | $436 +2.6% | $14,651 +2% |
| 2008 | $425 +3.1% | $14,365 +2% |
| 2007 | $412 +3.5% | $14,085 +2% |
| 2006 | $398 +28.5% | $13,810 +2% |
| 2005 | $310 +1.6% | $13,540 |
| 2004 | $305 +9.2% | $13,540 +1.9% |
| 2003 | $279 | $13,292 +4% |
| 2002 | $279 +1.7% | $12,777 +2% |
| 2001 | $275 | $12,528 |
| 2000 | -- | $12,528 |
Find assessor info on the county website
Neighborhood: 93307
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Nearby schools
GreatSchools rating
- 4/10Valle Verde Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Leon H. Ollivier Middle SchoolGrades: 6-8Distance: 0.6 mi
- 4/10Golden Valley High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Valley Verde
- Middle: Ollivier, L. H.
- High: Golden Valley
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
$323,200
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
$323,200
- California
- Kern County
- Bakersfield
- 93307
- 655 Panama Ln
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