132 Warren Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 7 bed, 0 bath
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132 Warren Avenue
Bakersfield, CA 93308
ACTIVE
CONDITION: GOOD
7Beds
0Baths
3,636Sq Ft
9,148Lot Size
Property Price
LIST PRICE$615,000
EST. MARKET VALUE
$623,861
SUMMARY
This cash-flowing fourplex represents a High-Potential Investment Opportunity, listed at a List Price of $615,000—positioned well below the $623,862 Fair Market Value by 1.4%. This valuation gap offers $8,862 in Instant Equity. Featuring a Condition Rating of 3, the property includes private patios, attached garages, and in-unit laundry, ensuring strong rental demand. While local school ratings are modest, the asset’s versatile unit mix provides stable income. This is an ideal acquisition for Buy-and-Hold Investors or 1031 exchange buyers seeking immediate cash flow.
Estimated Market Value
$623,861
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1967, the units have undergone renovations within the 5-15 year range, featuring granite countertops, updated tile flooring, and modern vanities. The property is well-maintained, functional, and move-in ready for tenants, though the presence of roof-mounted evaporative coolers and the unpaved exterior reflect its age.
PROSSTRENGTHS & OPPORTUNITIES
- High-Demand Tenant Amenities
Each unit features attached garages, private patios, and in-unit laundry hookups, which are premium amenities that significantly enhance tenant retention and rental competitiveness.
- Diverse Unit Composition
The property offers a versatile mix of single-story and two-story layouts, including a 2-bedroom/2-bathroom unit and a 1-bedroom unit with a 2-car garage, catering to a wide range of tenant needs.
- Turnkey Investment Potential
Marketed as a cash-flowing asset with updated units, this fourplex is ideal for 1031 exchange buyers or investors seeking immediate income with additional value-add upside.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The majority of the local assigned schools carry low ratings (between 1 and 3), which may limit the property's appeal to families and impact long-term appreciation compared to higher-rated areas.
- Vintage Infrastructure
Built in 1967, the property may require higher long-term maintenance reserves for aging systems such as plumbing, electrical, or roofing that are typical for a structure of this age.
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 garageUnit 2 - 2 bedroom, 1.5 bathrooms, two story, 1 car attached garageUnit 3 - 2 bedroom, 1.5 bathrooms, two story, 1 car attached garageUnit 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
- -
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 | 0.0 | 4.0 |
| Square foot | 3,636 | 3,050.111 |
| Lot Size | 9,148 | 8,743.333 |
| Price | $615.0K | $480.4K |
| Price per sq ft | $169 | $188 |
| Built year | 1967 | 1966 |
| HOA | $0 | $0 |
| Days on market | 8 | 84 |
Pricing History
Listed for Sale
Oct 16, 2026
$615,000
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