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1507 Pearl St pairs a beautifully remodeled 2-bedroom, 1-bath main home with a permitted ADU at the rear of the lot — each with its own private entrance, yard, and in-unit laundry. The front home has been thoughtfully updated throughout, from a brand-new kitchen with farmhouse sink and fresh tile work to a fully refreshed bathroom. The ADU offers two bedrooms, a galley kitchen, and true independence from the main home — ideal for extended family, guests, or rental flexibility, with the added confidence of permitted status.
| Address | 1507 Pearl St, Bakersfield, CA 93305 |
| Asking Price | $299,000 |
| APN | 128-090-30-00-5 |
| Zoning | R-1 |
| Property Type | 2 Homes on 1 Lot — Front House + Permitted ADU |
| Front Home | 2 Bed / 1 Bath, ~914 SF, Built 1940 — fully remodeled |
| Rear ADU | 2 Bed / 1 Bath, ~580 SF, Built 1942 — Permitted |
| Combined Building Area | 1,494 SF (per Kern County Assessor) |
| Lot Size | 7,405 SF (0.17 acres) |
| Parking | Tandem parking, gated front yard |
1507 Pearl St is not currently rented. Estimates below are based on comparable 2-bedroom rentals in the 93305 area.
| Unit | Type | Est. Monthly Rent | Est. Annual Rent |
|---|---|---|---|
| Front Home | 2BD / 1BA, ~914 SF, Remodeled | $1,650 | $19,800 |
| Rear ADU | 2BD / 1BA, ~580 SF | $1,250 | $15,000 |
| Combined Estimated Potential | $2,900 / mo | $34,800 | |
Based on comparable 2-bedroom rentals in 93305, including 1431 Pearl St (850 SF, $1,750/mo — same street). Estimates only; not a representation of actual or guaranteed income.
| Gross Scheduled Income (Estimate) | $34,800 |
| Less: Vacancy Factor (2%, Estimate) | ($696) |
| Effective Gross Income (Estimate) | $34,104 |
| Operating Expenses (All Estimated / Proforma) | |
| Property Tax (Estimated, reassessed at $299,000 sale price) | $5,411 |
| Insurance (Estimated, based on area averages) | $1,500 |
| Maintenance (Estimated, 1% of value) | $2,990 |
| Landscaping (Estimated, based on area pricing) | $1,440 |
| PG&E — Electric & Gas Combined (Estimated, net of solar) | $1,880 |
| Water (Estimated) | $480 |
| Total Operating Expenses | $13,701 |
| Net Operating Income (NOI) — Estimate | $20,403 |
All figures in this section are proforma estimates based on area data as of September 2026 — not actual bids, quotes, or historical performance for this property. Property tax is estimated by applying the current combined tax rate for Tax Rate Area 056-063 (1.163785%, per Kern County Treasurer-Tax Collector) to the $299,000 asking price, plus fixed special assessments unaffected by reassessment (Land Use-Landfill, KSA Sewer, CSA22 St Lights, KMVCD Vector, Metro BKFD — $1,931.34 combined); the seller's actual current FY2025-26 tax bill is lower ($4,937.41, paid in full) due to a Prop 13-protected assessed value that resets upon change of ownership. Insurance is estimated at $1,500/year based on published California landlord insurance averages. Maintenance is estimated at $2,990/year using the "1% of property value" rule of thumb. Landscaping is estimated at $1,440/year ($120/month) based on published Bakersfield-area pricing for a lot under 8,000 SF; the current owners perform this work themselves at no cash cost, so this line reflects a market-rate estimate for a buyer who would not self-perform it. PG&E is the sole electric and natural gas provider in Bakersfield and bills both on one combined statement; sellers report $70–$100/month for 8 months of the year with 4 months at $0 (solar credit), plus this year's annual true-up of $1,200, reportedly elevated due to an underperforming component — the prior two years had no true-up at all. Water is estimated at $480/year ($30–$50/month, seller-reported). Utility figures are based on sellers' verbal estimates, not verified bills. A 2% vacancy factor has been applied to Gross Scheduled Income per standard underwriting practice. Property management fees are not included and should be added by the buyer if applicable. Gross Scheduled Income is based on the estimated market rents shown above; the Property is not currently rented and no actual income history exists. Buyers should independently verify and underwrite all figures in this section prior to making an investment decision.
1507 Pearl St combines classic 1940s character with a thoughtful, modern renovation — a configuration that's increasingly rare to find in Bakersfield's established neighborhoods. The property offers easy access to the city's central corridor, with the added flexibility of two fully separate residences on a single lot.
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jordanapartmentguys.com Kern County Real Estate Sales & Transactions MLS # Pending — Active 09/03/2026 8700 Stockdale Hwy Bakersfield, CA 93311 |