
Bakersfield, CA 93304
This High-Potential Investment Opportunity is a Residential Income Quadruplex listed at $850,000, positioned well below the $862,773 Fair Market Value by 1%. This valuation gap offers $12,773 in Instant Equity. Featuring a Condition Rating of 3, the property includes a new roof and brand-new AC units, ensuring immediate operational stability. With a strong unit mix and full occupancy, this asset minimizes vacancy risk. It is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking stable cash flow.
Property is move-in ready.
Although built in 1992 (>30 years old), the property has undergone a recent renovation including a new roof, brand new AC units, new flooring, and fresh paint. The kitchen and bathrooms, while featuring older cabinetry, are functional and well-maintained, making the units move-in ready.
The property features significant recent upgrades including a brand new roof and new AC units for all units, minimizing immediate capital expenditure for the buyer.
With three units recently remodeled featuring new flooring and fresh paint, and the entire building being fully occupied, this property offers immediate cash flow and reduced vacancy risk.
The configuration of one large 3-bedroom/2-bathroom unit and three 2-bedroom/1.5-bathroom units provides a versatile rental strategy that appeals to a wide range of tenant needs.
The current list price of $850,000 is a substantial 58% increase over the 2022 sale price of $535,000, which may impact the cap rate and overall investment yield.
Excluding the primary unit, the remaining three units average approximately 933 square feet, which may limit their appeal to tenants seeking more spacious living areas.
Fantastic investment opportunity fourplex. First unit is a 3 bedroom 2 bathroom, approximately 1255 sq', 3 back units recently remodeled, fresh paint, new flooring, AC units brand new, and new roof installed, each unit consist of 2 bedroom 1.5 bathroom, approximately 2800 sq'. This property is conveniently located near shopping, restaurants, and public transportation. All units are fully occupied.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 9.0 | 7.5 |
| Baths | 8.0 | 4.0 |
| Square foot | 4,055 | 3,050.111 |
| Lot Size | 9,583 | 8,743.333 |
| Price | $850.0K | $480.4K |
| Price per sq ft | $210 | $188 |
| Built year | 1992 | 1966 |
| HOA | $0 | $0 |
| Days on market | 16 | 84 |
Oct 6, 2026
$850,000
Initial Listing
Jan 28, 2022
$535,000
Public Record
Oct 22, 2019
$435,000
Public Record
Oct 21, 2013
$267,000
Public Record
Jul 16, 2004
$395,000
Public Record
Jan 15, 2003
$229,000
Public Record
Jan 7, 1994
$55,000
Public Record