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Sold for $125,000 · Oct 2026

SOLD

Listed at $195,000

Sold

1902 Lotus Lane, Bakersfield, CA 93307

Bakersfield, CA

MLS# SR26127523

Property
3 days on market

Listing Agent

Alejandro Mora

Listing Agent

The Mora Partners Inc.

DRE #: 01820381

Brokerage: The Mora Partners Inc.

Property Details

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Bedrooms

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Bathrooms

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Square Feet

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Year Built

0.46 acres

Lot Size

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Price/Sq Ft

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Garage Spaces

N/A

HOA

Property

Property Type

Description

Ready-to-Issue Permits for 14 Units + 3 ADU's! This one is as close to go-time as land gets! 1902 Lotus Lane comes with ready-to-issue permits for a 14-unit apartment complex plus 3 ADUs - 17 rentable units total. Plans are drawn, permits are in hand, and all utilities are available at the lot. Water, sewer, gas, and electric are ready to connect. You're not buying a vision here - you're buying a running start! The project is designed as 7 two-story duplexes, each unit with a 2-car garage. The 3 ADUs add bonus income with minimal added complexity. At $195,000 that's under $11,500 per door in land cost for a fully permitted 17 unit project - before you've swung a hammer. Bakersfield rental demand is strong and new supply is thin. Permits like this save 12-18 months of time and tens of thousands in entitlement costs. That savings is already built into this price. Ideal for a builder ready to move fast or an investor looking to add a stabilized income property to their portfolio.

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

Sale history for 1902 Lotus Lane

1 recorded sale

$125,000
Sold October 2026 · listed $195,000, on market June 2026, 3 days on market · MLS #SR26127523 · Source: CRMLS
Listing Agent: Alejandro Mora · Listing Office: The Mora Partners Inc. · Contact: 661-463-8186 · Bought with: David Morales · Virtual Brokers

How this sale compares

1902 Lotus Lane sold for $125,000 in October 2026, 36% under its $195,000 list price, after 3 days on the market. Across 52 closed sales in 93307 over the last 12 months, the median sold price is $345,000 and the median is $253 per square foot.

$253
93307 median per sq ft (12 mo)
$345,000
93307 median sold price (12 mo)
52
Closed sales in 93307 (12 mo)
3
Days on market
−36%
Sold vs. list price
QuarterClosed sales in 93307Median sold price
Q1 20263$144,000
Q2 202625$350,000
Q3 202613$349,000
Q4 202611$327,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Bakersfield · Homes for sale in 93307

Recent sales near 1902 Lotus Lane

Closed sales reported in 93307, nearest first, last 12 months. All recent sales in Bakersfield →

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CRMLS

MLS# SR26127523

Listed: 6/11/2026

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of 10/15/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: The Mora Partners Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.