3504 Palm St, Bakersfield, CA 93309

Property Description

3504 & 3508 Palm Street present an exceptional investment opportunity with two side-by-side triplexes on one lot in Southwest Bakersfield, west of Highway 99. Built in 1966 and totaling approximately 4,236 square feet, each of the six units offers a spacious 2-bedroom / 1-bath layout. Current rents range from $675 to $750, while the average rent in the submarket is $1,246giving the next owner remarkable value-add potential through repositioning and rent growth. The property also features off-street parking and an on-site laundry room, making it even more appealing to tenants and investors seeking strong upside in a desirable, high-demand rental area.