127 K, Bakersfield, CA 93304

About this property

Prime Multi-Family Development Opportunity in Central Bakersfield—Discover an excellent opportunity to develop a multi-family income property in the heart of Bakersfield. This 10,019 sq. ft. vacant lot is zoned R-3, offering flexibility for a range of residential projects — including duplexes, triplexes, fourplexes, or small apartment complexes (subject to city approval; buyer to verify). The property features a flat, buildable terrain with utilities nearby, providing an ideal foundation for new construction. Conveniently located near schools, shopping, dining, and Highway 99, this parcel is perfectly positioned to attract tenants seeking accessibility and convenience. With Bakersfield’s strong rental demand, steady population growth, and affordable development costs, this property represents a rare opportunity for builders, developers, and buy-and-hold investors alike. Don’t miss your chance to develop and expand your investment portfolio in one of Bakersfield’s most promising growth areas.

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$70,000

Sold August 2026 · listed $79,900, orig. $100,000, on market June 2026 · MLS #SR26130220 · Source: CRMLS

Listing Agent: Juan Alderete · Listing Office: Park Regency Realty · Contact: 818-743-3793 · Bought with: Juan Alderete · Park Regency Realty

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