$2,750,000
SOLD JUN 25, 2026
-- Bed
-- Bath
25,896 Sq Ft
0.85 Acre Lot

Sale Details

Date Sold: June 25, 2026

$106 Per Sq Ft

1% Below List Price

35 Days on Market

About This Home

As of June 2026

Situated in the desirable upper Northeast Bakersfield submarket, 4501 Columbus Street presents a rare opportunity to acquire a well-located 25-unit multifamily community offered at $2,783,000 ($111,320 per unit). Built between 1966-1967 and encompassing approximately 25,896 square feet, the property features a diverse unit mix including 7 spacious 2-bedroom/2.25-bath townhomes, 12 2-bedroom/2-bath units, 5 1-bedroom/1-bath units, and 1 large 3-bedroom/2-bath unit appealing to a broad tenant base. Recent capital improvements include a freshly painted exterior and a recently replaced (2) roofs, reducing near-term maintenance expenses. Current rents range from $829 to $1,400, providing investors with immediate upside through strategic rent increases and operational efficiencies. Ideally located near the scenic Panorama Bluffs, Bakersfield College, and the Bakersfield Country Club, the property benefits from strong rental demand and convenient access to local amenities.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/06/2026

Co-Listed By

Caleb Fisk

ASU Commercial License #02156326

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/06/2026

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Interior Spaces

  • 25,896 Sq Ft Home
  • 2-Story Property

Parking

  • Carport
  • Uncovered Parking

Schools

  • Eissler Elementary School
  • Chipman Middle School
  • Highland School

Additional Features

  • 37,026 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 14608106

Community Details

Overview

  • 25 Units

Building Details

  • Gross Income $319,980
  • Net Operating Income $124,577

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0.85 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1967
  • Building Stories: 2
  • Deposit Amount Required: 25000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 0.8500
  • Co List Office Mls Id: 5935
  • Subdivision Name: 2772
  • Garage Yn: No
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 25896.00

Exterior Features

  • Disclosures: None of the Above
  • Pool Private: No

Garage/Parking

  • Parking Features: Garage, Carport, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Condo/Co-op/Association

  • Amenities: Laundry Room

Schools

  • High School: Highland
  • Middle Or Junior School: Chipman

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 37026.00
  • Parcel #: 14608106

Multi Family

  • Total Annual Expense: 182603.00
  • Vacancy Factor: 4.00
  • Number Of Units Total: 25
  • Existing Lease Type: Net
  • Annual Gross Income: 319980.00
  • Property Net Operating Income: 124577.00

MLS Schools

  • Elementary School: Eissler, Henry

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2026
Closed on
Jun 18, 2026
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$2,783,000
Sold Price
$2,750,000
Premium/Discount to List
-$33,000
-1.19%
Views
3

Purchase Details

Closed on
Oct 26, 2017
Sold by
Bought by

Purchase Details

Closed on
May 22, 2015
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in College Heights, CA

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Grant Deed $2,750,000 Placer Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/25/2026 06/25/26 Sold $2,750,000 -1.2% $106 / Sq Ft
06/10/2026 06/10/26 Pending -- -- --
05/06/2026 05/06/26 For Sale $2,783,000 -- $107 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $23,105 $1,293,522 $130,192 $1,163,330
2025 $23,105 $1,268,160 $127,640 $1,140,520
2024 $22,709 $1,243,295 $125,138 $1,118,157
2023 $22,122 $1,218,918 $122,685 $1,096,233
2022 $21,514 $1,195,019 $120,280 $1,074,739
2021 $20,169 $1,171,588 $117,922 $1,053,666
2020 $19,700 $1,159,575 $116,713 $1,042,862
2019 $19,416 $1,159,575 $116,713 $1,042,862
2018 $19,070 $1,114,549 $112,182 $1,002,367
2017 $19,025 $1,092,696 $109,983 $982,713
2016 $17,668 $1,071,272 $107,827 $963,445
2015 $17,559 $1,055,182 $106,208 $948,974
2014 $17,065 $1,034,513 $104,128 $930,385
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202604937

Bakersfield Association of REALTORS® / GEMLS
Your Personal Tour Guide

Ask me questions while you tour the home.