3600 Micheli Court, Bakersfield, CA 93309, Bakersfield, 93309 - 0 bed, 0 bath
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Bakersfield, CA 93309
This Quadruplex Investment Asset is listed at $630,000, positioned below the $634,527 Fair Market Value by 1%. This valuation gap offers $4,527 in Instant Equity for incoming owners. The property provides immediate financial stability with 100% occupancy and a gross annual income of $59,220. Featuring townhome-style units with 1.5 bathrooms, the configuration is highly attractive for long-term tenant retention in Southwest Bakersfield. While currently holding a Condition Rating of 4, the asset offers long-term upside through cosmetic updates and portfolio scalability. This is a strategic opportunity for Buy-and-Hold Investors or Portfolio Scalers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3600 Micheli Court Subject | $630,000* List Price | 0 | 0 | 3,400 | $187 | - |
A 3601 Micheli Court Active | $595,000 List Price | 0 | 0 | 3,136 | $190 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976 (48 years old) with no mention of recent major renovations. Interior photos show dated carpeting and finishes, and the description focuses on long-term tenants rather than property upgrades. The property appears functional and move-in ready for tenants but requires cosmetic updates to kitchens and baths and likely system overhauls due to its age.
The property is 100% occupied with long-term tenants, providing a stable gross annual income of $59,220 from the day of acquisition.
The townhome-style units featuring 1.5 bathrooms offer a superior configuration that is highly attractive to tenants compared to standard single-level apartments.
The opportunity to purchase the neighboring 4-unit property simultaneously allows an investor to quickly double their door count and achieve better economies of scale.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11501, other record lot size in square feet = 11325.
Built in 1976, the property may require significant capital expenditures for long-term maintenance of major systems like roofing, plumbing, and electrical.
Full occupancy with long-term tenants may delay the ability to perform interior upgrades and adjust rents to current market rates until natural turnover occurs.
Fully Occupied 4-Unit Investment Opportunity – Southwest Bakersfield Explore this well-located 4-unit multifamily property in a desirable Southwest Bakersfield neighborhood. Offered at $630.000.00, this income-producing asset is 100% occupied with long-term tenants in place, providing immediate and stable cash flow. The property is currently generating $4,935.00 per month ($59,220.00 annually) in gross rental income. With solid in-place rents and strong demand for rental housing in the area, this property offers a dependable income stream with potential for future rent growth. Townhomes with one full bath and half bath. This is an excellent opportunity for investors seeking a stable, income-producing asset with long-term upside in a growing rental market. Seller is also selling 3601 Micheli next door and would prefer to sell it at the same time.
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 | 3,711 | 50% |
| Lot Size | 11,501 | 13,219 | 25% |
| Price | $630.0K | $695.0K | 50% |
| Price per sq ft | $185 | $189 | 25% |
| Built year | 1976 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 61 | 25% |
May 1, 2026
$630,000
Initial Listing
Feb 6, 2025
$600,000
Public Record
Jun 28, 2023
$630,000
Public Record
Jul 8, 2013
$250,000
Public Record
Sep 9, 2009
$180,000
Public Record
Aug 2, 2005
$565,000
Public Record