Seller's Agent in 2025
Ed Diaz
Vanguard Property Group
(714) 900-0169
1 in this area
26 Total Sales
4215 Teal St Bakersfield, CA 93304
Wible Orchard Neighborhood
16
Beds
16
Baths
56,000
Sq Ft
95,775
Sq Ft Lot
Highlights
- 2.2 Acre Lot
- 64 Detached Carport Spaces
- Wood Siding
- Laundry Room
- Central Heating and Cooling System
About This Home
As of July 2025We are pleased to present the Teal Townhomes, a 58 unit garden style multifamily apartment building built in 1984 located in Southwest Bakersfield (4211-4221 Teal Street - complete address/405-121-02-00-9, 405-121-01-00-6 APNs ). This expansive apartment community features 58 spacious (2+1.5) townhome units, comprised of 13 separate buildings on a spacious 2.1-acre corner lot. Each unit boasts private patios and separate gas & electric meters. The subject property is well maintained with new asphalt in 2024 and all roofs replaced in 2015. Offered well below replacement value at $129 cost per square and foot (CPSF), an in-place 5.6% CAP/8.7GRM and a 7.4% proforma CAP/7.5 GRM - with these purchase factors and additional rental upside of 15%-18%, the Teal Townhomes offers the savvy multifamily investors an exciting repositioning opportunity with solid returns on their investment.
Last Agent to Sell the Property
Vanguard Property Group Brokerage Phone: 714-401-2855 License #01022469 Listed on: 02/20/2025
Last Buyer's Agent
Vanguard Property Group Brokerage Phone: 714-401-2855 License #01022469 Listed on: 02/20/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1984
Lot Details
- 2.2 Acre Lot
- Two or More Common Walls
Home Design
- Apartment
- Entry on the 1st floor
- Wood Siding
- Stucco
Interior Spaces
- 56,000 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Parking
- 55 Open Parking Spaces
- 119 Parking Spaces
- 64 Detached Carport Spaces
- Parking Available
- Driveway
- Paved Parking
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 4193
- $30,000 per year additional tax assessments
Community Details
Overview
- 13 Buildings
- 58 Units
Amenities
- Laundry Facilities
Building Details
- 60 Separate Electric Meters
- 60 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $1
- Fuel Expense $1
- Insurance Expense $1
- Professional Management Expense $1
- Trash Expense $1
- Water Sewer Expense $1
- Operating Expense $418,348
- Gross Income $846,725
- Net Operating Income $403,439
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Sold | $7,250,000 | 0.0% | $129 / Sq Ft |
| 02/21/2025 02/21/25 | Pending | -- | -- | -- |
| 02/20/2025 02/20/25 | For Sale | $7,250,000 | -- | $129 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Ed Diaz
-
Brad New
Seller Co-Listing Agent in 2025
Brad New
Vanguard Property Group
(714) 446-0100
1 in this area
27 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25036712
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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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