$541,000
SOLD APR 21, 2025
9 Beds
8 Baths
3,706 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$146 Per Sq Ft

3% Above List Price

12 Days on Market

Highlights

  • Community Lake
  • Laundry Room
  • Central Heating and Cooling System
  • No HOA

About This Home

As of April 2025

Welcome to This Incredible Quadplex Opportunity in Bakersfield!Imagine owning a piece of the American dream in a city that's rich in agriculture, energy production, and country music heritage. The city is also home to a variety of Basque restaurants, adding to its unique cultural charm. Bakersfield is a thriving city that's perfect for investors and renters alike. With its affordable real estate, it's an ideal place to grow your investment portfolio.Whether you're looking to grow your investment portfolio or find a great place to call home, Bakersfield has something for everyone.These fantastic 2 story townhouse style Quadplex are a rare find for investors. The property features: Three 2-bedroom, 1.5-bath units, each with its own private yard and laundry area inside, perfect for tenants seeking a spacious and private living space. The fourth unit, is a corner unit 3-bedroom, 1.5-bath, with its own private backyard and laundry area inside, offering even more space and amenities for renters.All units have been recently updated, making this an incredible deal for investors. Unit C is currently vacant and ready to rent out at its current market value of $1,250 approx. Unit C has been freshly painted, features new flooring and new carpet, and boasts an updated kitchen and bathrooms. The tenants are nice and are on a month-to-month lease, making it easy to manage the property. With its recent updates, private yards, and laundry areas, this property is sure to attract tenants and provide a strong return on investment. Priced to SELL!

Last Agent to Sell the Property

Janette Correa

Keller Williams Encino/Sherman Oaks Brokerage Phone: 818-419-7684 License #01211559 Listed on: 02/27/2025

Keller Williams Encino/Sherman Oaks

Last Buyer's Agent

Shegun Alabi

Victory Realty Group License #01234673

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 6,534 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex

Interior Spaces

  • 3,706 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 38
  • Tax Tract Number 2001
  • Assessor Parcel Number 00918023003

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Community Lake

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gardener Expense $735
  • Insurance Expense $1,800
  • Professional Management Expense $900
  • Trash Expense $375
  • Water Sewer Expense $830
  • Operating Expense $8,291
  • Gross Income $31,930
  • Net Operating Income $23,639

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 131498
  • Professional Management Expense: 900.00
  • Property Attached: Yes
  • Water Sewer Expenses: 830.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 735.00
  • Parcel Number: 00918023003
  • Year Built: 1986
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 145.98

Exterior Features

  • Pool Private: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 375.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Lake

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average2 Bed Area: 852 Square Feet
  • Average3 Bed Area: 1150 Square Feet
  • Gross Income: 31930.00
  • Gross Scheduled Income: 31930.00
  • Insurance Expense: 1800.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 23639.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Rent Control: Yes
  • Total Actual Rent: 3055.00
  • Total Expenses: 8291.00
  • Vacancy Allowance: 5600

Tax Info

  • Tax Census Tract: 002001
  • Tax Lot: 38
  • Tax Tract Number: 002001

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 Sold $541,000 +2.9% $146 / Sq Ft
03/12/2025 03/12/25 For Sale $525,990 -2.8% $142 / Sq Ft
03/11/2025 03/11/25 Off Market $541,000 -- --
03/11/2025 03/11/25 Pending -- -- --
02/27/2025 02/27/25 For Sale $525,990 +34.9% $142 / Sq Ft
10/02/2019 10/02/19 Sold $390,000 -2.5% $105 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $399,900 -- $108 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25043160

California Regional Multiple Listing Service (CRMLS)