132 Warren Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 7 bed, 7 bath
Loading property details...
132 Warren Avenue
Bakersfield, CA 93308
ACTIVE
CONDITION: FAIR
7Beds
7Baths
3,636Sq Ft
9,148Lot Size
Property Price
LIST PRICE$639,000
EST. MARKET VALUE
$626,338
SUMMARY
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.
Estimated Market Value
$626,338
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Tenant Amenities
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.
- Turnkey Investment Potential
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.
- Strategic Location
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.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
- Low School Ratings
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.
- Aging Infrastructure
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.
About 132 Warren Avenue
Cash-flowing Fourplex! Updated units with attached garages, private patios, in-unit laundry, and value-add upside. If you are considering a 1031 exchange, expanding your portfolio, or purchasing your first multifamily investment, this property offers the unit mix and amenities today's tenants want while providing long-term appreciation potential in one of Bakersfield's established rental markets. 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
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1967
- Lot Size
- 9,148 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 7 (7 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Standard Elementary School
Grades K-5 • 0.5 mi
2/10
Beardsley Elementary School
Grades K-6 • 1.0 mi
1/10
North Beardsley Elementary School
Grades K-6 • 1.1 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 7.0 | 7.5 |
| Baths | 7.0 | 4.0 |
| Square foot | 3,636 | 3,255.25 |
| Lot Size | 9,148 | 9,020 |
| Price | $639.0K | $503.0K |
| Price per sq ft | $176 | $185 |
| Built year | 1967 | 1968 |
| HOA | $0 | $0 |
| Days on market | 139 | 83 |
Pricing History
Listed for Sale
May 30, 2026
$639,000
$720,000
-11% Price Drop
Initial Listing
Price Change
Apr 23, 2026
$720,000
Initial Listing
Sold
Jul 31, 2018
$327,500
Public Record
Sold
Aug 15, 2013
$140,000
Public Record
Sold
Oct 24, 2003
$251,000
Public Record