2801 Alta Vista Dr, Bakersfield, CA 93305, Bakersfield, 93305 - 9 bed, 5 bath
ACTIVE$649,000$3,723/sqft
2801 Alta Vista Dr, Bakersfield, CA 93305
9Beds
5Baths
3,723Sqft
11,761Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: The property is a fully tenant-occupied quadruplex, ensuring immediate and consistent cash flow for investors from day one.
Top Cons:
As-Is Condition: The property is sold 'as-is' and in its current occupation, indicating potential for deferred maintenance or required capital expenditures for repairs and upgrades by the buyer.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1968 (58 years old).
Condition: Built in 1968, this property is over 50 years old. The visible interiors, particularly the kitchens, feature original or very dated wood cabinets, tiled countertops, and older appliances, indicating a lack of significant renovation in the past 30-50 years. The presence of a washer/dryer in one kitchen further highlights an outdated layout. While tenant-occupied, suggesting basic functionality, the property is explicitly sold 'as-is' with 'aging infrastructure' noted as a weakness. This implies substantial repairs and rehabilitation are needed to meet current quality standards and comfort, aligning with a 'Poor' condition score.
Year Built
1968
Close
-
List price
$649K
Original List price
-
Price/Sqft
$174
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25216740
Home ConditionPoor
Features
View-
About this home
4 UNITS IN A VERY DESIRABLE AREA OF BAKERSFIELD Ca. This quadruplex offers 3 units that are two bedrooms and one bathrooms and 1 unit with three bedrooms and two bathrooms. Centralized near major shopping centers, two major freeways and local public centers. Close to Grace Memorial High school and Our Lady of Perpetual Help Catholic School. The unit is fully tenant occupied and will be sold and its current occupation and condition. Great property for investors and new landlords looking to create reschedule rental income.
G
Gustavo Ontiveros
Listing Agent
Nearby schools
2/10
Myra A. Noble Elementary School
Public,•K-5•0.6mi
2/10
Longfellow Elementary School
Public,•K-6•0.8mi
2/10
Washington Middle School
Public,•6-8•0.7mi
3/10
East Bakersfield High School
Public,•9-12•2.0mi
6/10
Highland High School
Public,•9-12•3.5mi
Price History
Date
Event
Price
11/08/18
Sold
$446,000
06/18/02
Sold
$227,000
Condition Rating
Poor
Built in 1968, this property is over 50 years old. The visible interiors, particularly the kitchens, feature original or very dated wood cabinets, tiled countertops, and older appliances, indicating a lack of significant renovation in the past 30-50 years. The presence of a washer/dryer in one kitchen further highlights an outdated layout. While tenant-occupied, suggesting basic functionality, the property is explicitly sold 'as-is' with 'aging infrastructure' noted as a weakness. This implies substantial repairs and rehabilitation are needed to meet current quality standards and comfort, aligning with a 'Poor' condition score.
Pros & Cons
Pros
Immediate Rental Income: The property is a fully tenant-occupied quadruplex, ensuring immediate and consistent cash flow for investors from day one.
Strategic Location: Centralized proximity to major shopping centers, two major freeways, and local public centers enhances tenant appeal and potential for stable occupancy.
Multi-Unit Investment: As a four-unit property (quadruplex), it offers diversified income streams and is an excellent opportunity for investors or new landlords seeking residual income.
No Association Fees: The absence of HOA or association fees reduces ongoing ownership costs, maximizing the net investment returns for the owner.
Diverse Unit Configuration: The property offers a mix of 3 two-bedroom/one-bathroom units and 1 three-bedroom/two-bathroom unit, catering to a wider range of tenant needs and preferences.
Cons
As-Is Condition: The property is sold 'as-is' and in its current occupation, indicating potential for deferred maintenance or required capital expenditures for repairs and upgrades by the buyer.
Aging Infrastructure: Built in 1968, the property's age (over 50 years old) may necessitate significant maintenance, system replacements, or modernization efforts in the near future.
Sub-Par School Ratings: Several nearby public schools (e.g., Washington Middle, Longfellow Elementary) exhibit low ratings, which could impact desirability for family tenants and potentially affect long-term property appreciation.