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147 AC Paladino Drive 147 Acres of Commercial Land Offered at $1,500,000 in Bakersfield, CA 93306
INVESTMENT HIGHLIGHTS
- LOCATION: Bakersfield, Kern County, CA
- ENTITLEMENTS: Vesting Tentative Tract 6876 - 371 Lots
- TOTAL SITE AREA: 147 Acres
- ZONING: R-1 One Family Dwelling, R-1-HD, OS - Open Space
PROPERTY FACTS
| Price | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Single Family Development |
| No. Lots | 1 | Total Lot Size | 147.00 AC |
| Property Type | Land | ||
| Zoning | R-1/OS - One Family Dwelling/Open Space | ||
| Price | $1,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Single Family Development |
| Total Lot Size | 147.00 AC |
| Zoning | R-1/OS - One Family Dwelling/Open Space |
1 LOT AVAILABLE
Lot
| Price | $1,500,000 | Lot Size | 147.00 AC |
| Price Per AC | $10,204.08 |
| Price | $1,500,000 |
| Price Per AC | $10,204.08 |
| Lot Size | 147.00 AC |
DESCRIPTION
The offering consists of approximately 147 acres of land located in the northeast portion of the City of Bakersfield in Kern County. The property has entitlements (VTM 6876) consisting of 371 single-family residential lots spread out over five phases with various open space areas. Current VTM set to expire May 14, 2026. Additionally, the property was historically used for crude oil production and grazing so there are several abandoned/shut-in oil wells throughout the property. Surrounding the property are various new and incoming communities, most notably by LGI Homes, K. Hovnanian, and Jeremy Willer Construction. At the discounted price of $1,500,000, ownership is targeting a quick sale. Please reach out with any questions or interest. DD file can be provided upon request.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $385,952 | Total Assessment | $385,952 |
PROPERTY TAXES
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147 AC Paladino Drive
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