655 Panama Ln
Bakersfield, CA 93307
- 2 Beds
- 1 Bath
- 748 sqft
2 Beds
1 Bath
748 sqft
Local Information
-- mins to
Description
A Great Investment Opportunity!Unique C-2 commercial property package featuring a remodeled 2 bedroom 3/4 bath home plus adjacent vacant commercial lot being sold together totaling approximately 15, 245 sq. ft. These two parcels create an excellent opportunity for owner-user, investor or possible business potential.The home offers approximately 748 sq. ft. with granite counters, updated paint, composition roof, A/C and excellent usability's.Opportunities like this are hard to find--bring your vision and take advantage of this rare two-parcel investment.
655 Panama Ln, Bakersfield, CA 93307 is a 2 bedroom, 1 bathroom, 748 sqft single-family home built in 1948. It last sold for the $325,000 asking price on Jun 17, 2026. More recently, it was listed as a rental in March 2025 with an asking price of $2,500 per month. That rental listing was removed on April 15, 2025. It is currently off market. The Trulia Estimate is $323,200, with a rent estimate of $1,684/month.
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Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$434/sqft
Listed
51 days ago
Home Details for 655 Panama Ln
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MLS Status: Sold |
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Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (three quarters): 1 |
Dimensions and Layout Living Area: 748 Square Feet |
Heating & Cooling Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central |
Fireplace & Spa No Fireplace |
Levels, Entrance, & Accessibility Stories: 1Levels: One |
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Parking & Garage Has Open ParkingParking: Open |
Pool Pool: None |
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Cumulative Days on Market: 5 |
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Year Built Year Built: 1948 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Property Information Parcel Number: 51603246 |
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Price List Price: $325,000Price Per Sqft: $434/sqft |
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Direction & Address City: Bakersfield |
School Information Elementary School: Valley VerdeJr High / Middle School: Ollivier, L. H.High School: Golden Valley |
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Building Area Building Area: 748 Square Feet |
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Lot Area: 6969.6 sqft |
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Disclaimer: Data is Copyright 2026 BAOR INFORMATION DEEMED RELIABLE, BUT NOT VERIFIED OR GUARANTEED. |
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Special Conditions: Standard |
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Last check for updates: about 7 hours ago
Listed by Phyllis Lopez DRE #01195361, (661) 333-8506
Watson Realty
Bought with: Phyllis Lopez DRE #01195361, (661) 333-8506, Watson Realty
Source: Bakersfield AOR, MLS#202605371

Price History for 655 Panama Ln
| Date | Price | Event | Source |
|---|---|---|---|
| 06/17/2026 | $325,000 | Sold | Bakersfield AOR #202605371 |
| 05/29/2026 | $325,000 | Pending | Bakersfield AOR #202605371 |
| 05/27/2026 | $325,000 | PendingToActive | Bakersfield AOR #202605371 |
| 05/20/2026 | $325,000 | Pending | Bakersfield AOR #202605371 |
| 05/19/2026 | $325,000 | Listed For Sale | Bakersfield AOR #202605371 |
| 04/15/2025 | $2,500 | ListingRemoved | Zillow Rentals |
| 03/19/2025 | $2,500 | Listed For Rent | Zillow Rentals |
Market trends in Bakersfield
Last updated May 2026
Avg. sale price
$393K
$3.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$230
$1MoM
Available listings
1408
15MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,282 |
| Assessment | $60,328 |
Home facts updated by county records
Comparable Sales for 655 Panama Ln
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.12 | Single-Family Home | $155,000 | 04/14/26 | 2 | 1 | 832 | |
0.20 | Single-Family Home | $295,000 | 06/12/26 | 2 | 2 | 1,008 | |
0.16 | Single-Family Home | $332,000 | 09/29/25 | 3 | 2 | 1,120 | |
0.11 | Single-Family Home | $320,000 | 09/24/25 | 3 | 2 | 1,240 | |
0.19 | Single-Family Home | $330,000 | 05/26/26 | 3 | 2 | 1,337 | |
0.17 | Single-Family Home | $250,000 | 06/03/26 | 4 | 2 | 1,252 | |
0.34 | Single-Family Home | $331,000 | 09/05/25 | 3 | 2 | 1,134 | |
0.32 | Single-Family Home | $325,000 | 03/17/26 | 3 | 2 | 1,161 | |
0.37 | Single-Family Home | $340,000 | 02/19/26 | 3 | 2 | 1,286 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 655 Panama Ln.
What Locals Say about Bakersfield
At least 3511 Trulia users voted on each feature.
85 % Say there are sidewalks
83 % Say car is needed
81 % Say yards are well-kept
81 % Say parking is easy
74 % Say it's dog friendly
73 % Say there's holiday spirit
66 % Say kids play outside
57 % Say it's quiet
55 % Say streets are well-lit
54 % Say people would walk alone at night
52 % Say it's walkable to grocery stores
51 % Say they plan to stay for at least 5 years
48 % Say it's walkable to restaurants
47 % Say neighbors are friendly
26 % Say there's wildlife
20 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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Information is deemed reliable but not guaranteed. Copyright Golden Empire MLS, Inc. 2026.

