Technical
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Property profile

0 Kern Canyon Rd Bakersfield, CA 93306

OFF-MARKET
Land
63.39 ac lot
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Property summary

AI-generated overview

This exceptional 63.39-acre parcel located on Kern Canyon Road in Bakersfield, CA (APN 533-012-15-00-6), presents a prime opportunity for residential development. The approved map, ready for recording, allows for the construction of approximately 138 single-family homes. This project is envisioned in three phases, offering flexibility in design and construction. Large lot sizes facilitate a diverse range of single and two-story floor plans, catering to a broad market. The property enjoys convenient access to downtown Bakersfield via Highways 178 and 58, placing residents near Kern Medical, Bakersfield College, Bakersfield Country Club, and numerous retail centers along Highway 178. Recreational amenities are also readily accessible, including the Mesa Marin Sports Complex, Kern River, Ming Lake, Rio Bravo Country Club, and Kern River Golf Course. Utilities and services are available. The current map approval expires May 1, 2025. Comparable recent home sales in the area range from the mid $200,000s to the mid $500,000s, with most properties under contract within two weeks. Nearby new home communities showcase sales prices from the high $300,000s to the high $600,000s, indicating strong market demand. This presents a compelling investment opportunity in a thriving Bakersfield neighborhood. The zip code is 93306.

Property profile

Verified
Property type Land
Lot 63.39 ac (2,761,268 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Kern Canyon Rd Bakersfield, CA 93306
Bakersfield metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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