8700 Kern Canyon RdBakersfield, CA 93306

Property Details for 8700 Kern Canyon Rd

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 0.77-acre parcel in Bakersfield, CA (APN 388-071-22), zoned R-1, is priced at $525,000 ($681,818.18/acre). Located at 8700 Kern Canyon Rd, 93306, this shovel-ready property boasts approved building permits for an eight-unit development, including accessory dwelling units (ADUs). The final map is ready for recording, and all necessary groundwork, including grading permits, approved utility drawings, and two sets of county and PG&E-approved initial drawings, are complete. Each proposed unit is a 1200 sq ft, four-bedroom, two-bathroom home. The property's proximity to a college (five-minute drive) presents excellent potential for individual home sales or rental income, with projected monthly rental income exceeding $2000 per unit. Building quotes are available upon request. This represents a prime investment opportunity in a recognized emerging area of Southern/Central California. The first set of building permits, already paid for, transfers to the buyer at closing. This is a truly turnkey opportunity for immediate development.

Location Insight

City

Bakersfield

County

Kern

State

California

Latitude

35.3786

Longitude

-118.907

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