$648,000

$648,000

Est. $4,290/mo · 20% down · 6.5% · 30yr

139 Dr Martin Luther King Jr, Bakersfield, CA, 93307

Active
10,066lot sqft
1983built
1 days on market

About this home

Fantastic Investment Opportunity in Downtown Bakersfield. Welcome to 139 Martin Luther King Blvd, a prime 4-unit multi-family property located in the heart of Bakersfield. This fully updated investment gem features four spacious units, each offering 2 bedrooms and 1.5 bathrooms—ideal for tenants seeking comfortable and modern living spaces. Nestled in the vibrant downtown area, this property is within walking distance to Bakersfield College, public transportation, and a variety of local amenities, making it a highly desirable location for renters. Key Features: Turnkey Property: All four units are fully updated, ensuring low maintenance and modern appeal. Reliable Tenants: Currently leased to the Bakersfield Housing Authority under their hassle-free program, providing consistent and dependable income. Ample Parking: The property boasts an abundance of parking spaces, a rare find in downtown Bakersfield. ADU Potential: With room to add two Accessory Dwelling Units (ADUs), this property offers incredible potential to increase rental income. This is a rare opportunity to own a solid, income-generating property in one of Bakersfield's most sought-after neighborhoods. Whether you're a seasoned investor or just starting your portfolio, 139 Martin Luther King Blvd is a smart addition to any real estate portfolio.

Property Details

💰

$648,000

Price

🌿

10,066 sqft

Lot Size

🏗️

1983

Year Built

🏠

SingleFamilyResidence

Type

📅

1 days

Days Listed

✓ Active ListingBakersfield, CA 93307

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Loan Type

Loan Term

$648,000
%
3%50%
$32,400 down
%
3%12%
%
$
$

Total Monthly (PITI+MI)

$4,912

Principal · Interest · Taxes · Insurance · MI

Principal & Interest$3,891
Property Taxes / mo$675
Home Insurance / mo$120
PMI (Mortgage Insurance)$226
Total Est. Payment$4,912
LTV95.0% · MI Required
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Neighborhood Snapshot

Bakersfield · 93307

Market Stats

Active Listings

213

ZIP 93307

Median List Price

$360K

ZIP 93307

Avg Days on Market

91

Bakersfield avg

Sale / List Price

97.9%

avg ratio

Nearby Schools

🏫 Elementary

McKinley Elementary School

🏫 Middle School

Emerson Junior High School

🏫 High School

Vista High School

🏫 School

Vista East Continuation School

Nearby Amenities

🛒 Grocery

  • FoodMaxx
  • Stop & Shop Market

🌳 Park

  • Mayflower Park
  • Lowell Park
  • Casa Loma County Park

139 Dr Martin Luther King Jr, Bakersfield, CA, 93307

Listed by: Joshua Glaz, The Ave

Office: 562-413-9399

Based on information from CRMLS. All data is obtained from various sources and has not been verified. Full disclaimer

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