Active

$500,000

708 P St, Bakersfield, CA 93304

--beds

--baths

2,160sqft

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Multi Family

Built in 1983

-- sqft lot

$491,200 Zestimate^®

$231/sqft

$-- HOA

What's special

Excellent investment opportunity in the heart of Bakersfield!Featuring three units on one parcel, this property offers versatility for investors looking to add to their portfolio. Conveniently situated near shopping, dining, schools, and major commuter routes, the location provides easy access to everyday amenities. Whether you're seeking a long-term investment or looking to expand your real estate holdings, this multifamily property offers plenty of potential in an established neighborhood. Don't miss the chance to own a well-positioned income property in a growing market.

20 days

203

4

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Facts & features

Interior

Interior area

Total structure area: 2,160
Total interior livable area: 2,160 sqft

Property

Parking

Parking features: Open
Has uncovered spaces: Yes

Features

Levels: One

Lot

Size: 5,662 Square Feet

Details

Parcel number: 00937003

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

Year built: 1983

Community & HOA

Community

Subdivision: Lowell Addition

Location

Region: Bakersfield

Financial & listing details

Price per square foot: $231/sqft
Tax assessed value: $324,360
Annual tax amount: $5,691
Date on market: 6/20/2026

Estimated market value

$491,200

$467,000 - $516,000

$1,244/mo

Price history

Date	Event	Price
6/20/2026	Listed for sale	$500,000+405.1%$231/sqft
Source: Bakersfield AOR #202606696 Report a problem
8/29/2003	Sold	$99,000$46/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,691 +63.7%	$324,360 +135.1%
2024	$3,477 +2.7%	$137,977 +2%
2023	$3,385 +3.6%	$135,272 +2%
2022	$3,266	$132,621 +2%
2021	--	$130,021 +1%
2020	$2,891 +1.9%	$128,689
2019	$2,837 +2%	$128,689 +4%
2018	$2,780 +0.9%	$123,694 +2%
2017	$2,756 +6.2%	$121,270 +2%
2016	$2,595 +1.1%	$118,893 +1.5%
2015	$2,566 +8.5%	$117,108 +12.6%
2014	$2,366	$104,000
2013	--	$104,000 +7.2%
2012	$2,343 -0.3%	$97,000
2011	$2,351 +5.6%	$97,000 +8.7%
2010	$2,226 +0.4%	$89,263
2009	$2,218 -5.7%	$89,263 -16.7%
2008	$2,352 +4.2%	$107,158 +2%
2007	$2,257 +6.2%	$105,058 +2%
2006	$2,126 +2.7%	$102,999 +2%
2005	$2,069 +0.9%	$100,980
2004	$2,051 +23.9%	$100,980 +46.3%
2003	$1,656	$69,000
2002	$1,656 -31.2%	$69,000
2001	$2,409	$69,000
2000	--	$69,000

Find assessor info on the county website

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.

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Climate risks

Neighborhood: Oleander Sunset

Getting around

68 / 100

Somewhat Walkable

44 / 100

Some Transit

53 / 100

Bikeable

Nearby schools

GreatSchools rating

2/10
McKinley Elementary School
Grades: K-6Distance: 0.3 mi
2/10
Emerson Middle School
Grades: 6-8Distance: 0.2 mi
5/10
Bakersfield High School
Grades: 9-12Distance: 0.7 mi

Schools provided by the listing agent

Elementary: McKinley
Middle: Emerson
High: Bakersfield

Source: Bakersfield AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.