3840 White Lane, Bakersfield, CA 93309, Bakersfield, 93309 - bed, bath
ACTIVE$645,000$2,532/sqft
3840 White Lane, Bakersfield, CA 93309
0Bed
0Bath
2,532Sqft
8,144Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Property: This fourplex offers a unique opportunity to live in one unit (3 bed, 1.5 bath) while generating rental income from three additional 1-bedroom, 1-bath units, providing immediate cash flow.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8144, other record lot size in square feet = 8276.
Compared to the nearby listings
Price:$645.0K vs avg $755.0K ($-110,000)25%
Size:2,532 sqft vs avg 1,266 sqft50%
Price/sqft:$255 vs avg $8875%
More Insights
Built in 1973 (53 years old).
Condition: Built in 1973, this property is over 50 years old. The images reveal significantly dated interiors, particularly in the kitchen and bathrooms. The kitchen features older light wood cabinets, laminate countertops, white appliances, and fluorescent lighting. Bathrooms also show dated vanities, countertops, and light fixtures. While the property appears functional and maintained, it requires substantial updates to meet current aesthetic and quality standards. The property analysis also highlights its age as a weakness, suggesting potential capital expenditures for system upgrades.
Year Built
1973
Close
-
List price
$645K
Original List price
-
Price/Sqft
$255
HOA
$0
Days on market
-
Sold On
-
MLS number
V1-30296
Home ConditionFair
Features
View-
About this home
**Fantastic Investment Opportunity in Bakersfield!**Take advantage of this unique chance to own a fourplex where you can live in one unit and rent out the other three. Here are the highlights:One is a 3+1.5. Live in one while generating rental income from the other three 1-bedroom, 1-bath units.- **Established Tenants**: Benefit from the stability of long-term tenants already in place.- **This property is professionally managed, ensuring a hassle-free investment.- **Prime Location**: Conveniently located near schools, shops, and restaurants, making it highly attractive to renters.Don't miss out on this exceptional investment opportunity in Bakersfield!
A
Armani Amezcua
Listing Agent
Price History
Date
Event
Price
04/06/22
Sold
$600,000
05/24/19
Sold
$385,000
Condition Rating
Fair
Built in 1973, this property is over 50 years old. The images reveal significantly dated interiors, particularly in the kitchen and bathrooms. The kitchen features older light wood cabinets, laminate countertops, white appliances, and fluorescent lighting. Bathrooms also show dated vanities, countertops, and light fixtures. While the property appears functional and maintained, it requires substantial updates to meet current aesthetic and quality standards. The property analysis also highlights its age as a weakness, suggesting potential capital expenditures for system upgrades.
Pros & Cons
Pros
Income-Generating Property: This fourplex offers a unique opportunity to live in one unit (3 bed, 1.5 bath) while generating rental income from three additional 1-bedroom, 1-bath units, providing immediate cash flow.
Established Tenants: The property benefits from long-term tenants already in place, ensuring stable occupancy and immediate rental income without the need for tenant acquisition.
Professional Management: The property is professionally managed, which can significantly reduce the operational burden for an investor and ensure efficient property upkeep.
Prime Rental Location: Conveniently located near schools, shops, and restaurants, enhancing its attractiveness to renters and supporting consistent demand for the units.
No Association Fees: The absence of association fees reduces ongoing ownership costs, contributing to higher net operating income for the investor.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8144, other record lot size in square feet = 8276.
Age of Property: Built in 1973, the property is over 50 years old, which may imply a need for significant capital expenditures for system upgrades (e.g., plumbing, electrical, HVAC) or general modernization to maintain competitive rental appeal.
Limited Unit-Specific Details: The description focuses on the investment aspect but lacks specific information regarding the current interior condition, recent renovations, or amenities of the individual units, making it difficult to fully assess their current rental value and future capital needs.
Potential for Below-Market Rents: While established tenants provide stability, long-term tenancies can sometimes result in rents that are below current market rates, potentially limiting immediate income maximization for a new owner without rent adjustments.