223 Monterey, Bakersfield, CA 93305, Bakersfield, 93305 - 0 bed, 0 bath
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Bakersfield, CA 93305
This Turnkey Quadruplex Investment is listed at $639,000, aligning precisely with its $639,453 Fair Market Value. Featuring a Condition Rating of 3, the property has undergone a recent rental-grade remodel including wood-look laminate flooring and fresh interior paint across all units. With 100% occupancy and immediate cash flow, this asset eliminates initial vacancy risks while offering ample parking and prime freeway access for tenants. Built in 1982, it represents a stable, income-producing acquisition in a high-demand rental corridor. This is an ideal opportunity for Buy-and-Hold Investors or Retirement Portfolio Builders seeking a move-in ready multi-family asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 223 Monterey Subject | $639,000* List Price | 0 | 0 | 3,400 | $188 | - |
A 727 Knotts Sold | $450,000 | 0 | 0 | 2,040 | $221 | 0.9 mi |
B 600 Quincy Active | $489,000 List Price | 0 | 0 | 2,960 | $165 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained quadruplex built in 1982 that has undergone a recent rental-grade remodel. It features updated wood-look laminate flooring throughout, fresh interior paint, and clean, functional kitchens and bathrooms. While the appliances and fixtures are standard and the ceilings retain a popcorn texture, the units are move-in ready and turnkey for investment purposes.
The building has been recently remodeled, significantly reducing the need for immediate capital expenditures and providing a modern aesthetic for tenants.
All four units are currently rented, ensuring the new owner receives immediate rental income from day one without the hassle of initial vacancy.
The property offers ample parking and is situated near major freeway access, making it a highly attractive location for commuters and long-term renters.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7532, other record lot size in square feet = 7405.
The property is listed at $639,000 following a recent sale at $520,000, which may result in a tighter capitalization rate for investors at the current valuation.
Built in 1982, the property may soon require maintenance or replacement of major structural components and systems that are nearing the end of their typical 40-year lifecycle.
This 4 Unit building was recently remodeled. All units are rented. Plenty of parking. Near freeway access. All units have washer and dryer hook ups. All units are two story with private patio.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,400 | 3,400 | 50% |
| Lot Size | 7,532 | 7,532 | 50% |
| Price | $639.0K | $580.0K | 80% |
| Price per sq ft | $188 | $188 | 50% |
| Built year | 1982 | 1984 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 42 | 114 | 20% |
Mar 11, 2026
$639,000
Initial Listing
Aug 8, 2024
$520,000
Public Record
Aug 27, 2019
$295,000
Public Record
Feb 19, 2016
$151,000
Public Record
Oct 22, 2004
$280,000
Public Record