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Bakersfield, CA

$950,000

3604 Panama Lane, Bakersfield, CA
1985
Built
31
Days listed

About this home

Investor opportunity in one of Bakersfield’s most desirable rental corridors! This beautifully updated five-unit apartment complex offers the ideal blend of strong income potential, tenant appeal, and long-term asset growth. Each unit has been extensively remodeled with newer flooring, fresh interior paint, and modern finishes that create a clean, move-in ready feel tenants will love. Designed with functionality and comfort in mind, every residence features an open-concept floor plan, spacious bedrooms, inside laundry area, a convenient downstairs half bath for guests, and a generously sized full bathroom upstairs. An exceptional bonus rarely found in multifamily properties—each unit includes its own private two-car garage, adding tremendous value, convenience, and rental desirability. Located near shopping centers, schools, dining, and easy freeway access, this property is positioned in a high-demand rental market that supports strong occupancy and consistent cash flow potential. Whether you are a first-time investor looking to begin building wealth through real estate, completing a 1031 exchange, or an experienced investor expanding your portfolio, this property offers the type of low-maintenance, high-demand investment today’s market is searching for. The updated interiors help reduce immediate renovation costs while increasing tenant retention and rental appeal. Opportunities like this are difficult to find—remodeled multifamily properties with strong tenant features, individual garages, and prime location advantages are always in demand. Start collecting rental income from day one while building long-term equity and generational wealth through real estate ownership. Don’t miss the chance to own a turnkey income-producing property in a growing Bakersfield market. Hurry—properties priced like these do not stay available for long!

Facts & features

Interior
Interior features
Quartz Counters, All Bedrooms Up
Appliances
Electric Range
Flooring
Laminate
Fireplace
None
Heating
Central
Cooling
Central Air
Laundry
Inside
Levels
Two
Spa
None
Exterior & lot
Lot size
0.288 acres (12,559 sq ft)
Pool
None
Architectural style
Contemporary
Year built
1985
Parking spaces
10
Community
Area
BKSF - Bakersfield
County
Kern
Community features
Curbs
Listing details
Status
Active
Property type
Apartment
Days on market
31
Listed
2026-06-01
Terms
Cash, Cash To New Loan, Conventional, Exchange 1031, Submit
Parcel #
37135213009
MLS #
IG26138251
Listed by
Hugo Chinchay · eXp Realty of Southern California

Location

Price history

Listed
$950,000 · 2026-06-01
Days on market
31
Current price
$950,000
Financing

Could this home be yours?

Estimated monthly payment
$5,960
$4,804 principal & interest · $1,156 taxes & insurance
$190,000
Estimate only
Loan $760,000

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Listing data provided by CRMLS

Listing courtesy of eXp Realty of Southern California. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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