Is parking easy in Lakeview, Bakersfield, CA?

As of early 2026, 84% of users say parking is easy

Does Lakeview, Bakersfield, CA have sidewalks?

As of early 2026, 84% of users say there are sidewalks

Are yards well-kept in Lakeview, Bakersfield, CA?

As of early 2026, 76% of users say yards are well-kept

Is a car needed in Lakeview, Bakersfield, CA?

As of early 2026, 73% of users say car is needed

Do kids play outside in Lakeview, Bakersfield, CA?

As of early 2026, 71% of users say kids play outside

Is Lakeview, Bakersfield, CA walkable to grocery stores?

As of early 2026, 59% of users say it's walkable to grocery stores

Does Lakeview, Bakersfield, CA show holiday spirit?

As of early 2026, 57% of users say there's holiday spirit

Do residents of Lakeview, Bakersfield, CA plan to stay at least 5 years?

As of early 2026, 40% of users say they plan to stay for at least 5 years

Is Lakeview, Bakersfield, CA dog-friendly?

As of early 2026, 39% of users say it's dog friendly

Are neighbors friendly in Lakeview, Bakersfield, CA?

As of early 2026, 38% of users say neighbors are friendly

Are the streets well-lit in Lakeview, Bakersfield, CA?

As of early 2026, 38% of users say streets are well-lit

Are there community events in Lakeview, Bakersfield, CA?

As of early 2026, 31% of users say there are community events

Is Lakeview, Bakersfield, CA quiet?

As of early 2026, 29% of users say it's quiet

Is there wildlife in Lakeview, Bakersfield, CA?

As of early 2026, 28% of users say there's wildlife

Would people walk alone at night in Lakeview, Bakersfield, CA?

As of early 2026, 24% of users say people would walk alone at night

Is Lakeview, Bakersfield, CA walkable to restaurants?

As of early 2026, 24% of users say it's walkable to restaurants

What is 505 Wallace St estimated to be worth?

Trulia's estimated value for 505 Wallace St in Bakersfield, CA is $294,000 .

What is the price history for 505 Wallace St?

505 Wallace St in Bakersfield, CA last sold for $150,000 in July 2004.

Is Bakersfield a buyer's or seller's market?

Bakersfield is currently a seller's market, based on recent for-sale activity.

What's the median sale price in Bakersfield?

The median sale price in Bakersfield is $401K. That is up $2.67K from the prior month.

Does 505 Wallace St have parking?

Yes, 505 Wallace St in Bakersfield, CA has on-site parking.

OFF MARKET

$294,000

Trulia Estimate

4 Beds
2 Baths
1,984 sqft (on 0.27 acres)

505 Wallace St, Bakersfield, CA 93307

Lakeview

Est. Refi. Payment $1,939/mo*

Refinance Your Home

Currently Off Market - Sold Jul 26, 2004 for $150,000

Home Value

Trulia Estimate

$294K

Since last month

$8K (+2.8%)

Since last year

$9K (+3.2%)

Since last sale

$152K (+101%)

Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +140% in the last 10 years

Month	Estimated value
2026
September 2026	$302K
August 2026	$294K
July 2026	$293K
June 2026	$300K
May 2026	$289K
April 2026	$289K
March 2026	$296K
February 2026	$287K
January 2026	$291K
2025
December 2025	$290K
November 2025	$288K
October 2025	$289K
September 2025	$293K
August 2025	$292K
July 2025	$296K
June 2025	$302K
May 2025	$292K
April 2025	$294K
March 2025	$293K
February 2025	$294K
January 2025	$287K
2024
December 2024	$285K
November 2024	$285K
October 2024	$310K
September 2024	$315K
August 2024	$312K
July 2024	$314K
June 2024	$315K
May 2024	$312K
April 2024	$311K
March 2024	$306K
February 2024	$301K
January 2024	$290K
2023
December 2023	$290K
November 2023	$299K
October 2023	$295K
September 2023	$288K
August 2023	$283K
July 2023	$286K
June 2023	$288K
May 2023	$284K
April 2023	$281K
March 2023	$277K
February 2023	$265K
January 2023	$265K
2022
December 2022	$266K
November 2022	$268K
October 2022	$270K
September 2022	$270K
August 2022	$268K
July 2022	$274K
June 2022	$275K
May 2022	$276K
April 2022	$275K
March 2022	$274K
February 2022	$267K
January 2022	$262K
2021
December 2021	$257K
November 2021	$251K
October 2021	$252K
September 2021	$248K
August 2021	$249K
July 2021	$244K
June 2021	$234K
May 2021	$219K
April 2021	$226K
March 2021	$211K
February 2021	$206K
January 2021	$200K
2020
December 2020	$198K
November 2020	$201K
October 2020	$196K
September 2020	$191K
August 2020	$124K
July 2020	$123K
June 2020	$123K
May 2020	$122K
April 2020	$122K
March 2020	$125K
February 2020	$139K
January 2020	$181K
2019
December 2019	$184K
November 2019	$183K
October 2019	$181K
September 2019	$181K
August 2019	$179K
July 2019	$177K
June 2019	$147K
May 2019	$150K
April 2019	$146K
March 2019	$138K
February 2019	$140K
January 2019	$148K
2018
December 2018	$149K
November 2018	$147K
October 2018	$147K
September 2018	$145K
August 2018	$146K
July 2018	$145K
June 2018	$136K
May 2018	$143K
April 2018	$147K
March 2018	$147K
February 2018	$137K
January 2018	$138K
2017
December 2017	$146K
November 2017	$143K
October 2017	$136K
September 2017	$139K
August 2017	$136K
July 2017	$136K
June 2017	$145K
May 2017	$143K
April 2017	$138K
March 2017	$141K
February 2017	$141K
January 2017	$135K
2016
December 2016	$134K
November 2016	$127K
October 2016	$121K
September 2016	$126K

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bed	Bath	Sqft
606 1/2 L St, Bakersfield, CA	0.79	Multi-Family Home	$320,000	02/24/26	3	2	2,414
301 Beale Ave, Bakersfield, CA	0.81	Multi-Family Home	$352,500	01/02/26	6	3	1,984
1015 1/2 E 18th St, Bakersfield, CA	1.03	Multi-Family Home	$210,000	10/21/25	2	2	1,007
213 Hayes St, Bakersfield, CA	0.82	Multi-Family Home	$685,000	10/22/25	4	4	3,264
1027 S Brown St, Bakersfield, CA	1.18	Multi-Family Home	$48,600	04/02/26	3	2	1,356
1822 Maple Ave, Bakersfield, CA	1.22	Multi-Family Home	$315,000	10/10/25	3	3	1,856
705 Brown St, Bakersfield, CA	1.12	Multi-Family Home	$500,000	08/25/26	3	2	3,382
717 L St, Bakersfield, CA	0.84	Multi-Family Home	$425,000	09/19/25	6	5	2,570
305 H St, Bakersfield, CA	1.12	Multi-Family Home	$63,000	03/11/26	2	2	1,152
530 Jackson St, Bakersfield, CA	1.22	Multi-Family Home	$430,000	10/29/25	5	3	2,100

Home facts updated by county records

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
515 Wallace St, Bakersfield, CA 93307	0.02	$419,700	Studio	-	2,151	Off Market
510 Union Ave, Bakersfield, CA 93307	0.03	$99,000	-	-	-	For Sale
530 Union Ave, Bakersfield, CA 93307	0.04	$900,000	Studio	-	1,950	For Sale
527 Villa St, Bakersfield, CA 93307	0.07	$223,000	2	1	1,115	Recently Sold
522 V St, Bakersfield, CA 93304	0.15	$257,800	2	1	928	Off Market
230 4th St, Bakersfield, CA 93304	0.17	$357,300	3	2	2,374	Off Market
800 Wallace St, Bakersfield, CA 93307	0.20	$35,000	-	-	-	Recently Sold
215 8th St, Bakersfield, CA 93304	0.20	$290,000	3	1	1,052	Recently Sold
219 8th St, Bakersfield, CA 93304	0.21	$281,300	3	2	1,143	Off Market
717 S Tulare St, Bakersfield, CA 93307	0.23	$337,000	4	2	1,612	Off Market
221 Wood St, Bakersfield, CA 93307	0.23	$212,600	2	2	576	Recently Sold
629 V St, Bakersfield, CA 93304	0.23	$339,100	3	1	1,600	Off Market

Local Information

Map ViewExplore the area around 505 Wallace St.
Schools1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Multi-Family

Built in 1935

0.27 acre lot

1,984 sqft

$148/sqft

About this House

This multi-family home is located at 505 Wallace St, Bakersfield, CA. 505 Wallace St is in the Lakeview neighborhood in Bakersfield, CA and in ZIP code 93307. This property has 4 bedrooms, 1 bathroom and approximately 1,984 sqft of floor space. This property has a lot size of 0.27 acres and was built in 1935.

505 Wallace St, Bakersfield, CA 93307 is a 4 bedroom, 1 bathroom, 1,984 sqft multi-family in Lakeview, built in 1935. It last sold for $150,000 on Jul 26, 2004. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $294,000, with a rent estimate of $1,492/month.

Home Details for 505 Wallace St

Interior Features
Heating & Cooling Heating: WallAir ConditioningHeating Fuel: Wall
Levels, Entrance, & Accessibility Stories: 1

Property Information
Year Built Year Built: 1935Year Updated: 1935
Property Type / Style Property Type: Multi Family

Exterior Features
Parking & Garage Parking: Carport

Community
Units in Building: 2

Lot Information
Lot Area: 0.27 acres

Price and Tax history

Date	Event	Price
Jul 26, 2004 Source: N/A	Sold	$150,000
Apr 16, 2004 Source: N/A	Sold	$85,000

Year	Property tax	Tax assessment
2026	Unavailable	$230,285

Additional Cost

Market trends in Bakersfield

Last updated August 2026

Avg. sale price

$401K

$2.67KMoM

Sale-to-List Price

100.0%

Price per sq ft

$237

$0MoM

Available listings

1494

67MoM

Around this home

Fremont Elementary School
K-6
Public
707 Students
Bakersfield City School District
3/10
GreatSchools Rating
Parent Rating Average
My two boys (6 and 11) have been going there since kinder, and they love it. Excellent teachers and staff !!!
Parent Review
12y ago
1 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Lakeview

33 Homes For You
Buy: $57.8k - $900k

See Local Highlights

Neighborhood stats provided by third party data sources.

What Locals Say about Lakeview

At least 37 Trulia users voted on each feature.

84 % Say parking is easy
84 % Say there are sidewalks
76 % Say yards are well-kept
73 % Say car is needed
71 % Say kids play outside
59 % Say it's walkable to grocery stores
57 % Say there's holiday spirit
40 % Say they plan to stay for at least 5 years
39 % Say it's dog friendly
38 % Say neighbors are friendly
38 % Say streets are well-lit
31 % Say there are community events
29 % Say it's quiet
28 % Say there's wildlife
24 % Say people would walk alone at night
24 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.

Trulia User
Prev. Resident
2y ago
"this is such a good neighborhood. clean yards, children playing, people walking their dogs. it's just a good atmosphere. lot's of trees. just beautiful. "
2
Flag
Laquisha F.
Prev. Resident
6y ago
"I lived in the neighborhood years ago, it was quite friendly and so were the residents. I’m not really sure how it is now."
15
Flag
Maribel H.
Resident
6y ago
"Loose dogs without their dog collar . Can’t leave anything nice outside. Someone will steel it . It’s close to union "
4
Flag
Manuel R.
Resident
7y ago
"It’s family oriented and everyone looks out for one another. Been living here for over 3 years already."
17
Flag
Deelynn625
Resident
8y ago
"Not the best area but it's home only 3 shootings down the street since Feb 2018. There is a lot of homeless people but majority of them aren't that bad."
37
Flag
Edith C.
15y ago
"horrible neighboorhood not recommemded for any decent human being"
29
Flag

LGBTQ Local Legal Protections

Frequently asked questions about 505 Wallace St

What is 505 Wallace St estimated to be worth?
Trulia's estimated value for 505 Wallace St in Bakersfield, CA is $294,000.
What is the price history for 505 Wallace St?
505 Wallace St in Bakersfield, CA last sold for $150,000 in July 2004.
Is Bakersfield a buyer's or seller's market?
Bakersfield is currently a seller's market, based on recent for-sale activity.
What's the median sale price in Bakersfield?
The median sale price in Bakersfield is $401K. That is up $2.67K from the prior month.
Does 505 Wallace St have parking?
Yes, 505 Wallace St in Bakersfield, CA has on-site parking.