19
Map
0 Highway 65
About This Property
This is an opportunity to own approximately 150 acres of agriculturally zoned land just outside the Bakersfield city limits. The property sits among established pistachio orchards in an area where city growth continues to move closer, making it equally attractive for farming today and as a long-term investment.
Located within the Cawelo Water District, the property offers potential access to an agricultural well, a valuable feature for any farming operation. The land also has potential to be divided into 20-acre individual parcels, giving buyers flexibility to farm, hold, or sell off portions over time.
Whether you're an investor looking ahead, a grower expanding your operation, or a buyer wanting acreage close to town, this property offers rare size, location, and upside. Opportunities like this near Bakersfield are becoming harder to find.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2026 | Listed by Brimhall Realty | $1,800,000 | |
| Listed by Brimhall Realty | |||
| Jun 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 6, 2023 | Listed by Newton & Sons Real Estate | $1,164,000 | |
| Listed by Newton & Sons Real Estate | |||
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19.4 Acres of Old Line Washington Navel Oranges. New pump and well put in 2018.
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| Sep 2, 2022 | No longer available | - | |
| No longer available | |||
| Mar 21, 2022 | Listed by Schuil & Associates | $499,999 | |
| Listed by Schuil & Associates | |||
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Great opportunity to purchase open ground in Kern County, CA. Property has Excellent/Good soils and is in the Williamson Act. Citrus is planted on three (3) sides of the property.Location: Property is located mile west of HWY 65 and mile north of Sherwood Ave, McFarland, CA. 9 miles east of McFarland CA, and 29 miles south of Porterville, CA.Plantings: Open LandSoil: Property has Excellent (Grade 1) and Good (Grade 2) soils.+/-48% Grade 1 - Excellent soils - Chanac clay loam, 9 to 15 percent slopes.+/-52% Grade 2 - Good soils - Chanac clay loam, 15 to 30 percent slopes.Water: Property is located in Cawelo Water District but the property does not receive water deliveries. No wells on the property. The average well depth in the area is 1,434 feet.Legal: Kern County APN: 060-322-02. Property is in the Williamson Act.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017