0 Watts Dr Bakersfield, CA 93307
This exceptional 20.87-acre commercial land parcel in Bakersfield, California, presents a significant investment opportunity. Located on Watts Dr, Kern County, 93307, the property boasts an R-2 Multi-Family zoning designation, ideal for developing multi-family residential units. The lot size is 20.87 acres, with a price per acre of $335,170.10, totaling an asking price of $6,995,000. The Assessor's Parcel Number (APN) is 17027024. This prime location offers convenient access to amenities and infrastructure. The property's zoning allows for the construction of a substantial multi-family development, catering to the growing housing demand in the area. Note that this listing represents only 20.87 acres of a larger 43.8-acre parcel. Proximity to the new Del-Oro High School (approximately one mile away) adds further appeal to this promising investment. Serious inquiries are encouraged to explore the potential of this exceptional development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.