
Bakersfield, CA 93304
This fourplex presents a High-Potential Investment Opportunity with a List Price of $689,000, which aligns with the $689,000 Fair Market Value. Featuring a Condition Rating of 4, this well-maintained Residential Income asset offers immediate cash flow with three of four units currently leased. The property includes a patio and deck, providing functional outdoor space for tenants. With a stable unit mix of 2-bedroom/1-bathroom and 2-bedroom/2-bathroom layouts, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing multifamily asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2712 Morin Ct Subject 8 bd · 0 ba · 3,410 sqft · $202 | $689,000* List Price | 8 | 0 | 3,410 | $202 | - |
A 2801 Morin Court Active 0 bd · 0 ba · 3,410 sqft · $204 · 0.0 mi | $695,000 List Price | 0 | 0 | 3,410 | $204 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985 (39 years old), the property falls into the >20y category. While the kitchen has received minor cosmetic updates like painted cabinets and a newer stainless steel range, it retains dated tile countertops and older cabinetry. The exterior and roof-mounted HVAC systems show typical age-related wear. It is well-maintained and functional for tenants but requires modern updates to systems and finishes.
With three units currently leased and one vacant, the property offers immediate rental income alongside the flexibility for an owner-occupant or market-rate leasing of the final unit.
The property comes with a completed pest clearance and is described as well-maintained, reducing the immediate capital expenditure typically required for multi-family acquisitions.
The combination of 2-bedroom/1-bathroom and 2-bedroom/2-bathroom units appeals to a wide range of tenants, while the cul-de-sac location enhances privacy and desirability.
Having been on the market for 216 days, the property may face perception issues regarding its pricing or underlying demand in the current Bakersfield investment climate.
Built in 1985, the property may require ongoing capital improvements to systems or interiors to remain competitive with newer multi-family developments in the area.
Pest Clearance and ready for you! Excellent investment opportunity in Bakersfield! This well-maintained fourplex, built in 1985, offers a desirable unit mix with two 2-bedroom, 1-bathroom units and two 2-bedroom, 2-bathroom units. Three units are currently leased, providing immediate rental income, while the fourth unit is vacant and offers flexibility for an owner-occupant or an opportunity to lease at current market rates. Situated on a cul-de-sac, this property provides a strong opportunity for investors looking to expand their portfolio or those seeking a property with income-producing potential. Don't miss this opportunity to own a versatile multifamily property in Bakersfield!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 7.5 |
| Baths | 0.0 | 4.0 |
| Square foot | 3,410 | 3,050.111 |
| Lot Size | - | 8,743.333 |
| Price | $689.0K | $480.4K |
| Price per sq ft | $202 | $188 |
| Built year | 1985 | 1966 |
| HOA | $0 | $0 |
| Days on market | 232 | 84 |
Mar 6, 2026
$689,000
Initial Listing
Jun 10, 2011
$170,000
Public Record
Sep 1, 2005
$440,000
Public Record