530 UNION AVENUE, Bakersfield, CA 93307

Bakersfield
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
530 UNION AVENUE,Bakersfield, CA 93307
$999,000
  • - Beds
  • - Baths
  • 3,930 sq. ft.
  • Multi-family
  • Active
Listed by: philip jordan
Office: keller williams realty
MLS#:202603648
Source:BF

Price summary

  • Price:$999,000
  • Price per sq. ft.:$254.2

About this home

Seize a unique value-add opportunity at 530 Union Avenue, a mixed-use complex positioned for revitalization in a high-traffic area of Bakersfield. APX 31,000 average daily traffic count! With 7 residential units (6 occupied) and 6,842 SF of commercial space currently vacant, this multi-use property allows investors to immediately capitalize on Bakersfield's strong rental demand. With a projected $13,596/month and actual 2024 expenses, the property earns an 9.8% Cap Rate! Located within an ECONOMIC OPPORTUNITY ZONE. 510 Union Ave a vacant C-2 zoned 6,000 SF lot next door is INCLUDED in the sale (50' x 120'). Seller will finance the entire property with 50% down.

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Home facts

  • Year built:1946
  • Listing ID #:202603648
  • Added:47 day(s) ago
  • Updated:May 25, 2026 at 02:14 PM

Rooms and interior

  • Living area:3,930 sq. ft.

Heating and cooling

  • Heating:Floor/Wall Unit

Structure and exterior

  • Year built:1946
  • Building area:3,930 sq. ft.
  • Lot area:0.49 Acres
  • Levels:2 Stories

Schools

  • High school:Bakersfield
  • Middle school:Washington
  • Elementary school:Fremont_Bak

Finances and disclosures

  • Price:$999,000
  • Price per sq. ft.:$254.2

Parking

  • Parking description:Uncovered
“nformationdeemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2026.

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