Sold292d on market
131 Dr Martin Luther King Jr Blvd
Bakersfield, CA, 93307 • Lakeview • Kern County
$600,000
$136/sqft
4,400Sqft
0.37 acLot
1983Built
This home is getting attention
Listed 292 days ago · 9 views
Market activity
Demand and pricing signals for this listing
9 views
People checking out this listing
292 days on market
Established listing
$136/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 24% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1983
Investment Opportunity! This gated 4-unit complex offers steady cash flow with two fully-occupied duplexes. Each unit provides 3 bedrooms and 1.5 baths, featuring functional amenities like central AC/heat and in-unit laundry hookups. The property includes fenced front yards for added privacy and 8 uncovered parking spaces (2 for each unit) with a cinder block perimeter wall. Currently rented and cash-flow positive, this complex presents a straightforward entry into multifamily real estate. Ideal for investors looking to expand their portfolio with a no-frills, income-generating property. Potential space and opportunity to add additional units in the back of the lot.
Standout features identified
Our analysis highlights fenced front yards, cinder block perimeter wall, and uncovered parking spaces as key attractions of this home.
Estimated monthly payment
Based on current rates
$3,697/month
Principal & Interest$2,897
Property Tax$600
Insurance$200
Down payment20% ($120,000)
3%50%
Est. 6.06% rate · 30yr fixed · $480,000 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1983
Parking7 Open Parking spaces
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1983
Parking & Outdoor
ParkingOpen
Lot0.37 Acres
Location & Tax
NeighborhoodLakeview
Annual tax$8,097
Parcel01919221
Features & details
1 category of property features
Exterior Features
Parking
Open
Listing insights
Market data and value estimates
StatusSold
Days on market292
Est. value$603,800
Est. rent$1,601/mo
Tax rate1.25%
Price/sqft$136
On marketMar 4, 2025
PostedMar 4, 2025
Last sold$600,000
MLS statusSold
MLS updatedJun 23, 2025
Tour days6
Views9
How are the schools in Bakersfield?
3 schools rated nearby
Location
Bakersfield, CA, 93307
Price history
19 events
DateEventPrice$/sqftSource
Jun 23, 2025Pending Sale$675,000$153Bakersfield AOR
Jun 20, 2025Sold$600,000$136Bakersfield AOR
Mar 4, 2025Listed For Sale$675,000$153Bakersfield AOR
Mar 1, 2025Listing Removed$675,000$153Bakersfield AOR
Jan 6, 2025Price Change$675,000$153Bakersfield AOR
Sep 18, 2024Listed For Sale$710,000$161Bakersfield AOR
May 14, 2021Sold$440,000$100Bakersfield AOR
Apr 2, 2021Pending Sale$440,000$100Bakersfield AOR
Mar 13, 2021Listed For Sale$440,000$100Bakersfield AOR
Mar 13, 2019Sold$278,000$63Public Record
Feb 12, 2019Pending Sale$275,000$63Rex Real Estate Exchange
Jan 12, 2019Listed For Sale$275,000$63Rex Real Estate Exchange
Feb 22, 2014Sold$135,000$31Bakersfield AOR
Apr 30, 2003Sold$205,000$47Public Record
Feb 27, 2003Sold$125,000$28Public Record
Dec 3, 2002Sold$87,725$20Public Record
Mar 8, 2001Sold$40,000$9Public Record
Aug 4, 2000Sold$40,000$9Public Record
Nov 17, 1999Sold$28,000$6Public Record
Pending Sale$675,000
Jun 23, 2025•$153/sqft•Bakersfield AOR
Sold$600,000
Jun 20, 2025•$136/sqft•Bakersfield AOR
Listed For Sale$675,000
Mar 4, 2025•$153/sqft•Bakersfield AOR
Listing Removed$675,000
Mar 1, 2025•$153/sqft•Bakersfield AOR
Price Change$675,000
Jan 6, 2025•$153/sqft•Bakersfield AOR
Listed For Sale$710,000
Sep 18, 2024•$161/sqft•Bakersfield AOR
Sold$440,000
May 14, 2021•$100/sqft•Bakersfield AOR
Pending Sale$440,000
Apr 2, 2021•$100/sqft•Bakersfield AOR
Listed For Sale$440,000
Mar 13, 2021•$100/sqft•Bakersfield AOR
Sold$278,000
Mar 13, 2019•$63/sqft•Public Record
Pending Sale$275,000
Feb 12, 2019•$63/sqft•Rex Real Estate Exchange
Listed For Sale$275,000
Jan 12, 2019•$63/sqft•Rex Real Estate Exchange
Sold$135,000
Feb 22, 2014•$31/sqft•Bakersfield AOR
Sold$205,000
Apr 30, 2003•$47/sqft•Public Record
Sold$125,000
Feb 27, 2003•$28/sqft•Public Record
Sold$87,725
Dec 3, 2002•$20/sqft•Public Record
Sold$40,000
Mar 8, 2001•$9/sqft•Public Record
Sold$40,000
Aug 4, 2000•$9/sqft•Public Record
Sold$28,000
Nov 17, 1999•$6/sqft•Public Record
Tax history
26 years of records
YearTax paidAssessed value
Apr 9, 2025$8,097$476,268
Apr 9, 2024$7,965$466,930
Apr 9, 2023$7,785$457,776
Apr 9, 2022$8,063$448,800
Apr 9, 2021—$410,000
Apr 9, 2020—$410,000
Apr 9, 2019$3,541$151,315
Apr 9, 2018$3,472$145,441
Apr 9, 2017$3,441$142,590
Apr 9, 2016$3,250$139,795
Apr 9, 2015$3,212$137,696
Apr 9, 2014$3,255$147,674
Apr 9, 2013—$147,007
Apr 9, 2012$3,225$138,000
Apr 9, 2011$3,242$138,000
Apr 9, 2010$3,125$132,000
Apr 9, 2009$3,216$140,580
Apr 9, 2008$3,082$137,825
Apr 9, 2007$2,957$135,124
Apr 9, 2006$2,784$132,475
Apr 9, 2005$2,709$129,878
Apr 9, 2004$2,687$129,878
Apr 9, 2003$2,390$111,426
Apr 9, 2002$2,390$107,100
Apr 9, 2001$3,895$73,665
Apr 9, 2000—$73,665
Nearby homes
Neighborhood details
Local context around this listing
Bakersfield, CA • Kern County
Nearby neighborhoods
Benton ParkCampus ParkLakeviewLaurelglenOleander SunsetRio BravoSeven OaksSilver CreekSouthgateSpice Tract
Nearby cities
ArvinBakersfieldDelanoLancasterOildaleRidgecrestRosamondShafter
Nearby zip codes
93301933049330593306933079330993311933129331393314
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