
Bakersfield, CA 93309
This Strong Income-Producing Quadruplex is listed at $595,000, representing a stable investment entry point aligned with its $590,825 Fair Market Value. The asset generates a consistent $59,220 Annual Gross Income from a highly desirable mix of four 2-bedroom units, ensuring strong tenant retention within the competitive Southwest Bakersfield rental market. Holding a Condition Rating of 4, the property is well-maintained but offers clear potential for forced appreciation through strategic interior updates. This reliable multi-family asset is perfectly suited for Buy-and-Hold Investors or Seasoned Portfolio Managers seeking immediate cash flow.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3601 Micheli Court Subject | $595,000* List Price | 0 | 0 | 3,136 | $188 | - |
A 3600 Micheli Court Active | $630,000 List Price | 0 | 0 | 3,400 | $185 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974 (50 years old) and described as well-maintained, but lacks evidence of recent major renovations to kitchens, baths, or HVAC systems. The property is functional and income-producing but dated, fitting the criteria for needing minor updates to remain competitive.
With a gross monthly income of $4,935 and an annual return of $59,220, this property offers investors a robust gross yield and immediate positive cash flow upon acquisition.
The highly desirable mix of four 2-bedroom, 1-bathroom units is ideal for the Bakersfield rental market, typically resulting in lower vacancy rates and higher tenant retention.
Located in a desirable Southwest Bakersfield neighborhood, the property benefits from strong regional growth and high demand for affordable multifamily housing.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10139, other record lot size in square feet = 10018.
The owner's preference to sell this property simultaneously with 3600 Micheli Court may limit the buyer pool and increase the complexity of the transaction for single-asset investors.
Built in 1974, the property may require more frequent maintenance or capital expenditures for aging systems and components compared to newer multifamily constructions.
Don't miss this strong income-producing 4-unit multifamily opportunity located in a desirable Southwest Bakersfield neighborhood. Offered at $595,000, this well-maintained property was built in 1974 and features a highly desirable unit mix of four (4) 2-bedroom, 1-bath units, totaling approximately 3,136 square feet. The property is currently generating $4,935 per month ($59,220 annually) in gross rental income, offering immediate cash flow for investors. With solid in-place rents and continued demand for rental housing in the area, this asset provides both stability and long-term upside potential. Each unit offers functional layouts that attract and retain tenants, contributing to consistent occupancy. The property’s configuration and location make it ideal for both seasoned investors looking to expand their portfolio and newer investors seeking a reliable entry into multifamily ownership. With Bakersfield continuing to experience growth and affordability-driven demand, this income property is a high-performing asset with strong income fundamentals and the potential for future rent growth.3601 Micheli and 3600 Micheli are being sold simultaneously by the same owner. The owner prefers to sell both properties 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 | 3,136 | 3,579 | 50% |
| Lot Size | 10,139 | 13,219 | 25% |
| Price | $595.0K | $692.5K | 25% |
| Price per sq ft | $190 | $189 | 50% |
| Built year | 1974 | 1978 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 61 | 25% |
May 1, 2026
$595,000
Initial Listing
Jan 10, 2025
$555,000
Public Record