3601 Micheli Ct Bakersfield, CA 93309
Southwest Bakersfield NeighborhoodEstimated payment $3,554/month
About This Home
Don't miss this strong income-producing 4-unit multifamily opportunity located in a desirable Southwest Bakersfield neighborhood. Offered at $595,000, this well-maintained property was built in 1974 and features a highly desirable unit mix of four (4) 2-bedroom, 1-bath units, totaling approximately 3,136 square feet.
The property is currently generating $4,935 per month ($59,220 annually) in gross rental income, offering immediate cash flow for investors. With solid in-place rents and continued demand for rental housing in the area, this asset provides both stability and long-term upside potential.
Each unit offers functional layouts that attract and retain tenants, contributing to consistent occupancy. The property’s configuration and location make it ideal for both seasoned investors looking to expand their portfolio and newer investors seeking a reliable entry into multifamily ownership.
With Bakersfield continuing to experience growth and affordability-driven demand, this income property is a high-performing asset with strong income fundamentals and the potential for future rent growth.3601 Micheli and 3600 Micheli are being sold simultaneously by the same owner. The owner prefers to sell both properties at the same time.
Listing Agent
Realty Executives All Cities Brokerage Phone: 562-843-1103 License #01204139 Listed on: 05/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974
Lot Details
- 10,139 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 3,136 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Tax Lot 6
- Tax Tract Number 3419
- Assessor Parcel Number 44115125009
Community Details
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,450
- Trash Expense $600
- Water Sewer Expense $2,400
- New Taxes Expense $6,693
- Operating Expense $11,143
- Gross Income $54,140
- Net Operating Income $42,997
Additional Features
- 4 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,530 | $173,913 | $27,689 | $146,224 |
| 2024 | $4,425 | $170,504 | $27,147 | $143,357 |
| 2023 | $4,425 | $167,162 | $26,615 | $140,547 |
| 2022 | $4,221 | $163,886 | $26,094 | $137,792 |
| 2021 | $3,855 | $160,674 | $25,583 | $135,091 |
| 2020 | $3,711 | $159,027 | $25,321 | $133,706 |
| 2019 | $3,657 | $159,027 | $25,321 | $133,706 |
| 2018 | $3,537 | $152,854 | $24,339 | $128,515 |
| 2017 | $3,485 | $149,858 | $23,862 | $125,996 |
| 2016 | $3,335 | $146,921 | $23,395 | $123,526 |
| 2015 | $3,290 | $144,715 | $23,044 | $121,671 |
| 2014 | $3,206 | $141,881 | $22,593 | $119,288 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/04/2026 05/04/26 | For Sale | $595,000 | +7.2% | $190 / Sq Ft | |
| 01/10/2025 01/10/25 | Sold | $555,000 | -0.9% | $177 / Sq Ft | View Prior Sale |
| 11/06/2024 11/06/24 | Pending | -- | -- | -- | |
| 10/22/2024 10/22/24 | Price Changed | $560,000 | -1.8% | $179 / Sq Ft | |
| 09/19/2024 09/19/24 | Price Changed | $570,000 | -2.6% | $182 / Sq Ft | |
| 09/10/2024 09/10/24 | For Sale | $585,000 | -- | $187 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS26094191
APN: 441-151-25-00-9
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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