Active

3604 Panama Lane

Bakersfield, CA 93313
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt4,837

Sqft

SqFt12,559

Sqft(Lot)

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. Lo cated 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!

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $950,000

AD Id : 86163554

MLS Id : IG26138251

Lot Size : 12,559 Sqft

Living Area Size : 4,837

Year Built : 1985

Garage : 10

County : Kern

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Shingle Interior Features: Quartz Counters,All Bedrooms Up Property Appliances: Electric Range Fireplace: None Flooring: Laminate
  • Cooling Features

    Central Air Air Conditioning

    Heating Source

    Central Has Heating

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1985 Building Area Total: 4,837 Roof: Shingle
  • Foundation

    Slab
  • Pool Features

    None

    Laundry Features

    Inside

    Fencing

    Wood

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2883
  • Lot Size Source: Assessor Lot Size Square Feet: 12559

  • Listing Price Information

    Original List Price: 950,000 Listing Contract Date: 2026-06-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 37135213009

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: BKSF - Bakersfield Directions: From Freeway 99 go west on Panama Source Property Type: Residential Income Area: BKSF - Bakersfield Property SubType: Apartment
  • Building and Construction

    Property Age: 41 Common Walls: 2+ Common Walls Property Condition: Additions/Alterations,Updated/Remodeled Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $56,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5909 Lugene Avenue, Bakersfield, CA, 93313 $375,000 3 2 1,682 1,682 SqFt
2901 Flint Hills Drive, Bakersfield, CA, 93313 $435,000 4 2 2,045 2,045 SqFt
6510 Summer Breeze, Bakersfield, CA, 93313 $419,000 4 2 1,813 1,813 SqFt
3217 Sierra Meadows, Bakersfield, CA, 93313 $405,000 3 2 1,706 1,706 SqFt
8501 Tamworth Street, Bakersfield, CA, 93313 $449,000 3 2 1,796 1,796 SqFt
8706 Dalby Court, Bakersfield, CA, 93313 $520,000 4 2 2,560 2,560 SqFt
5005 Silvery Jewel, Bakersfield, CA, 93313 $620,000 5 3 3,305 3,305 SqFt
5128 Ederia Way, Bakersfield, CA, 93313 $485,000 4 2 2,391 2,391 SqFt
5018 Gleaming Gem Way, Bakersfield, CA, 93313 $479,999 4 3 2,320 2,320 SqFt
6225 Galanos Court, Bakersfield, CA, 93313 $499,000 4 3 2,500 2,500 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 07/07/2026 @ 01:34

MLS: IG26138251 LISTED BY: Hugo Chinchay, eXp Realty of Southern California 888-294-1415 SOURCE: CRMLS

Homes around $950,000

Selling? Save $56,501 when you sell a home like this

Tour with a ByOwner Agent