3604 Panama Ln, Bakersfield, CA, 93313
About This Home
5-unit **Cosmetic Fixer Property**. This is the perfect investment for someone who can bring their contractor or crew in to complete this renovation that was only partially completed by the owner. This unique investment opportunity is Located in a highly desirable area of Bakersfield. All 5 units are 2 bedrooms and 1.5 bath, most of the units have been completely remodeled but 2 units will require some degree of finishing touches to be complete, plus some exterior paint, trim, windows and landscape etc. Currently all units are VACANT. The property is situated on a good size lot and each unit has its own attached garage for convenience. This property is conveniently located within walking distance to shopping centers, dining, and huge retail and is minutes to major freeways. This investment property has a huge upside for an investor who wants to complete some upgrades in order to make it a great cash flow investment.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1985
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 10
Features
- Common walls with other units/homes: No Common Walls
Interior Area
- Total structure area: 4,837
- Total interior livable area: 4,837 sqft
Property
Details
- Parcel number: 37135213009
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
Lot
- Lot size: 0.29 Acres
- Features: 2-5 Units/Acre,Near Public Transit,Street Level
Parking
- Total spaces: 5
- Parking features: Garage
- Has garage: Yes
- Attached garage spaces: 5
- Covered spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters in Kern County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,792 | $45,504 |
| Home Insurance * | $213 | $2,556 |
| Property Taxes | $556 | $6,672 |
| Electricity | $1,037 | $12,446 |
| Total | $5,598 | $67,176 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-15 | Contingent | $750,000 |
| 2026-08-01 | Price change | $750,000 |
| 2026-06-25 | Listed for sale | $950,000 |
| 2025-03-28 | Sold | $700,000 |
| 2025-03-05 | Pending sale | $712,500 |
| 2025-02-25 | Listed for sale | $712,500 |
| 2025-02-23 | Listing removed | $712,500 |
| 2025-01-25 | Listed for sale | $712,500 |
| 2025-01-13 | Pending sale | $712,500 |
| 2024-12-31 | Listed for sale | $712,500 |
| 2024-12-24 | Pending sale | $712,500 |
| 2024-12-03 | Listed for sale | $712,500 |
| 2024-06-28 | Listing removed | $712,500 |
| 2024-06-28 | Pending sale | $712,500 |
| 2024-05-18 | Listed for sale | $712,500 |
| 2024-04-04 | Listing removed | -- |
| 2024-02-27 | Listed for sale | $750,000 |
| 2024-01-08 | Pending sale | $750,000 |
| 2024-01-04 | Listed for sale | $750,000 |
| 2024-01-03 | Listing removed | -- |
| 2023-11-22 | Listed for sale | $750,000 |
| 2023-10-26 | Pending sale | $750,000 |
| 2023-10-22 | Listed for sale | $750,000 |
| 2023-10-19 | Pending sale | $750,000 |
| 2023-10-05 | Listed for sale | $750,000 |
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