2801 Morin Ct, Bakersfield, CA 93304, Bakersfield, 93304 - 8 bed, 0 bath
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2801 Morin Ct
Bakersfield, CA 93304
ACTIVE
CONDITION: FAIR
8Beds
0Baths
3,410Sq Ft
0Lot Size
Property Price
LIST PRICE$695,000
EST. MARKET VALUE
$693,200
SUMMARY
This 1985-built quadruplex represents a Strong Value Opportunity, listed at $695,000—positioned slightly above the $693,200 Fair Market Value. While the property maintains a Fair Condition Rating, its stable income stream and versatile layout—featuring a mix of long-term and seasonal rentals—provide a reliable 5.21% Cap Rate. With proximity to major shopping and educational institutions, this asset offers significant operational flexibility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the property's established rental history and prime Wible Orchard location.
Estimated Market Value
$693,200
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2801 Morin Ct Subject 8 bd · 0 ba · 3,410 sqft · $203 | $695,000* List Price | 8 | 0 | 3,410 | $203 | - |
A 2712 Morin Ct Active 8 bd · 0 ba · 3,410 sqft · $202 · 0.0 mi | $689,000 List Price | 8 | 0 | 3,410 | $202 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1985 (39 years old), the property is functional but dated. While one unit shows a partial renovation with granite countertops, other areas retain older tile counters and original cabinetry. The exterior and roof-mounted systems appear to be of significant age, placing it in the category of properties over 20 years old that require minor updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Rental Strategy
The property features a mix of established long-term tenants and a seasonal rental unit, offering investors flexibility for corporate housing, short-term rentals, or an owner-user opportunity.
- Prime Investment Location
Situated on a quiet cul-de-sac in the desirable Wible Orchard neighborhood, the property is within walking distance of three shopping centers and offers easy access to Cal State Bakersfield and Bakersfield College.
- Strong Financial Fundamentals
With a projected Net Operating Income of $36,204 and a 5.21% Cap Rate, this well-maintained 1985 build provides a stable income stream with a gross scheduled income of nearly $59,000.
CONSRISKS & DEFICIENCIES
- Furniture Exclusion
Despite the success of the seasonal rental unit, the furniture is not included in the asking price, requiring additional capital or negotiation to maintain the turnkey short-term rental operation.
- Moderate Yield for Market
A 5.21% capitalization rate may be considered conservative for the Bakersfield market, where aggressive investors often seek higher yields to offset localized economic factors.
About 2801 Morin Ct
INVESTMENT OPPORTUNITY: Well-maintained 4-plex in Southwest Bakersfield's desirable Wible Orchard neighborhood. Built in 1985, this 2-story quadruplex sits on a quiet cul-de-sac with an 8,079 sq ft lot. Three units are currently occupied with established tenants. One fully furnished unit has been successfully used as a seasonal rental. You have the option to rent it out or make it an owner-occupied unit. This flexibility makes it attractive for short-term workers, corporate housing, or long-term tenants. Please note: Furniture is not included in the sale of the property, but it can be negotiated. All units are currently occupied. Location Advantages: Located in a growing neighborhood just south of downtown Bakersfield, with three shopping centers within 0.8 miles, diverse dining options on New Stine Road and California Avenue, nearby parks, and proximity to Cal State Bakersfield and Bakersfield College. Gross Scheduled Income (GSI) $58,920 Less: Projected Vacancy / Credit Loss (5%) ($2,946) Gross Operating Income (GOI) $55,974 Property Taxes $9,304 Water (estimated $200/month) $2,400 Utilities $1,107 Trash $173 Pest Control $600 Landscaping $830 Insurance $2,145 Internet / Wi-Fi $211 Estimated Routine Maintenance $3,000 Total Operating Expenses $19,770 PROJECTED NET OPERATING INCOME $36,204 Asking Price $695,000 PROJECTED CAPITALIZATION RATE 5.21%
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 8
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| 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 | $695.0K | $480.4K |
| Price per sq ft | $204 | $188 |
| Built year | 1985 | 1966 |
| HOA | $0 | $0 |
| Days on market | 59 | 84 |
Pricing History
Listed for Sale
Aug 26, 2026
$695,000
Initial Listing
Sold
Apr 23, 2021
$525,000
Public Record
Sold
Jun 29, 2018
$355,000
Public Record
Sold
Oct 14, 2014
$315,000
Public Record
Sold
Jul 5, 2011
$170,000
Public Record
Sold
Sep 1, 2005
$440,000
Public Record