132 Warren Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 7 bed, 7 bath
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Bakersfield, CA 93308
This Turnkey Fourplex Investment represents a Strong Value Opportunity with a List Price of $720,000—positioned well below the $796,904 Fair Market Value by 9%. This valuation gap provides $76,904 in Instant Equity for an immediate income-producing asset. Featuring a Condition Rating of 4, the property offers updated interiors with granite countertops and private patios, though it retains aging infrastructure. With attached garages and in-unit laundry for all units, it ensures high rental demand in the Riverview area. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Property is moderate renovation needed.
Built in 1967, the property has received cosmetic updates including newer tile flooring, fresh paint, and granite countertops. However, it remains dated with older electric coil appliances, aged roof-mounted cooling systems, and visible wear in the bathrooms and exterior, fitting the profile of a 50+ year old building with mid-range renovations.
Each unit is equipped with highly sought-after features including private patios, attached garages, and in-unit laundry hookups, which significantly enhance tenant retention and rental value.
The property has been updated and offers a diverse unit mix of single and two-story layouts, providing a move-in ready opportunity for investors with immediate income-generating potential.
Situated in the Riverview neighborhood, the fourplex is conveniently located near major shopping centers, dining, and transportation hubs, ensuring consistent demand from the local rental market.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
The property is served by several schools with low performance ratings (ranging from 1 to 3), which may deter families with school-aged children and impact long-term appreciation.
Built in 1967, the property may require more frequent maintenance or future capital expenditures for major systems compared to newer construction, despite recent cosmetic updates.
Excellent investment opportunity in the Riverview neighborhood of Bakersfield! This fourplex has been updated and offers strong income potential. Each unit features a private patio area, 1-car attached garage and convenient in-unit laundry, these are desirable amenities for tenants. This property is located near shopping centers, dining, and transportation. Unit 1 - 2 bedroom, 2 full bathrooms, single story, 1 car attached garage Unit 2 - 2 bedroom, 1.5 bathrooms, two story, 1 car attached garage Unit 3 - 2 bedroom, 1.5 bathrooms, two story, 1 car attached garage Unit 4 - 1 bedroom, 1 bathroom, single story, 2 car attached garage
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 1.0 mi
Grades K-6 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 0.0 | 75% |
| Baths | 7.0 | 0.0 | 75% |
| Square foot | 3,636 | 2,946 | 50% |
| Lot Size | 9,148 | 7,786.5 | 50% |
| Price | $639.0K | $589.0K | 50% |
| Price per sq ft | $176 | $184 | 50% |
| Built year | 1967 | 1953 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 151 | 25% |
May 30, 2026
$639,000
$720,000
-11% Price Drop
Initial Listing
Apr 23, 2026
$720,000
Initial Listing
Jul 31, 2018
$327,500
Public Record
Aug 15, 2013
$140,000
Public Record
Oct 24, 2003
$251,000
Public Record