2801 Alta Vista Drive, Bakersfield, CA 93305, Bakersfield, 93305 - 9 bed, 5 bath
ACTIVE$699,999$3,723/sqft
2801 Alta Vista Drive, Bakersfield, CA 93305
9Beds
5Baths
3,723Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Immediate Rental Income: The property is fully tenant-occupied, offering immediate and stable rental income for investors from day one.
Top Cons:
As-Is Sale Condition: The property is being sold in its current occupation and condition ('as-is'), which may imply a need for immediate or future repairs and upgrades at the buyer's expense.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1968 (58 years old).
Condition: Built in 1968, this property shows significant age and a lack of major renovations. The kitchen, a key area, features very dated original wood cabinets, tile countertops, and older appliances, requiring substantial rehabilitation to meet modern standards. While some units have newer vinyl plank flooring, others retain older tile and carpet. The overall condition, coupled with the 'aging infrastructure' and 'as-is' sale condition noted in the listing, indicates that major components are likely at or past their expected lifespan and will require significant investment for repairs and upgrades.
Year Built
1968
Close
-
List price
$700K
Original List price
-
Price/Sqft
$188
HOA
$0
Days on market
-
Sold On
-
MLS number
SR24094191
Home ConditionPoor
Features
Pool
Patio
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 Rodriguez
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 shows significant age and a lack of major renovations. The kitchen, a key area, features very dated original wood cabinets, tile countertops, and older appliances, requiring substantial rehabilitation to meet modern standards. While some units have newer vinyl plank flooring, others retain older tile and carpet. The overall condition, coupled with the 'aging infrastructure' and 'as-is' sale condition noted in the listing, indicates that major components are likely at or past their expected lifespan and will require significant investment for repairs and upgrades.
Pros & Cons
Pros
Immediate Rental Income: The property is fully tenant-occupied, offering immediate and stable rental income for investors from day one.
Strategic Location: Situated in a desirable area of Bakersfield, centralized near major shopping centers, two major freeways, and local public amenities, enhancing tenant appeal.
Multi-Unit Investment: As a quadruplex, it provides diversified rental income streams and is explicitly marketed as a great property for investors and new landlords.
Varied Unit Configuration: The property features a mix of three 2-bedroom/1-bathroom units and one 3-bedroom/2-bathroom unit, catering to a broader range of tenant needs.
No Association Fees: The absence of association fees (HOA) reduces ongoing operational costs for the owner, contributing to higher net rental income.
Cons
As-Is Sale Condition: The property is being sold in its current occupation and condition ('as-is'), which may imply a need for immediate or future repairs and upgrades at the buyer's expense.
Aging Infrastructure: Built in 1968, the property is over 50 years old, potentially leading to higher maintenance costs and the need for significant capital expenditures for system replacements or renovations in the near future.
Subpar School Ratings: Several nearby public schools have low ratings (e.g., 2/10, 3/10), which could be a deterrent for family-oriented tenants and potentially impact long-term property value appreciation.