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Property profile & analytics
OFF-MARKET
Land

0 Lerdo Hwy Bakersfield, CA 93308

9.23 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 9.23-acre property in North Bakersfield, California (APN 48104011), offers a unique blend of commercial, industrial, and residential potential. Zoned A-1 Limited Agriculture, it presents a multitude of development options. The land boasts commanding views of the valley and unforgettable sunsets, creating a truly tranquil setting. Currently improved with approximately 2 acres of fenced area, the property includes a chicken coop and run, dog run, and several corrals suitable for horses, goats, or sheep. Five structures are included: an open storage area, two small Tuff Sheds, a Tuff Shed Premier Loafing Shed for horses, and a Tuff Shed converted into an outhouse connected to a septic tank. Multiple water tanks are also on the site. While there's no existing well, a water-sharing agreement with neighboring properties is feasible. Mature trees and existing water lines enhance the property's appeal. Conveniently located north of Lerdo Highway, adjacent to the Cawelo Water Canal, east of the 99 Freeway, and west of CA-65, this property provides easy access to amenities while maintaining a secluded feel. The asking price is $400,000, recently reduced from $445,000 on August 29, 2024. This is a rare opportunity to acquire a versatile property with breathtaking views and existing infrastructure in a desirable location. The property's proximity to the North Kern Golf Course adds to its appeal.

Property profile
Verified
Property type Land
Lot 9.23 ac (402,059 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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