0 Kern Canyon Rd Bakersfield, CA 93306
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.
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.