701 Deseret, Bakersfield, CA 93309, Bakersfield, 93309 - 0 bed, 0 bath
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Bakersfield, CA 93309
This Quailwood 4-plex represents a Prime Investment Opportunity, listed at a List Price of $995,000, which aligns closely with the $966,659 Fair Market Value. Featuring a rare, all-single-story configuration with a versatile unit mix, the property maintains a Condition Rating of 3, supported by recent capital improvements including a newer roof and dual-pack HVAC units. This asset offers long-term stability in a high-demand rental market, making it an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a stable, income-producing residential asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Deseret Subject | $995,000* List Price | 0 | 0 | 4,272 | $226 | - |
A 817 Quail Lane 11-14 Active | $999,000 List Price | 0 | 0 | 4,360 | $229 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1983 (41 years old), the property is well-maintained with significant capital improvements including a newer composition roof and two newer dual-pack HVAC units. Described as having 'thoughtful updates' and pride of ownership, it qualifies as move-in ready and functional.
This Quailwood 4-plex features a highly desirable all-single-story layout with a versatile unit mix, including a 3-bedroom unit, which is exceptionally rare and attracts long-term, high-quality tenants.
The property boasts a newer composition roof and two newer dual-pack HVAC units, significantly reducing immediate capital expenditure requirements and improving energy efficiency for occupants.
Situated in a prime Bakersfield rental market, the property offers excellent investor stability and low vacancy risk due to its location in the sought-after Quailwood neighborhood.
The current list price of $995,000 represents a significant increase over the $900,000 sale price from 2024, which may compress the initial capitalization rate for new investors.
Despite recent roof and HVAC updates, the 1983 construction means original plumbing and electrical systems may require increased maintenance or future modernization compared to newer builds.
Rare Quailwood single-story 4-plex available now! This well-cared-for property offers a highly desirable unit mix featuring one single-story 3-bedroom, 2-bath unit and three single-story 2-bedroom, 2-bath units. Single-story multi-unit properties like this are hard to find, making this a standout opportunity in a sought-after rental area. The property shows pride of ownership throughout, with two newer dual-pack HVAC units, a newer composition roof, and thoughtful updates that enhance both comfort and long-term value. Located in a prime, high-demand area, this Quailwood 4-plex offers strong rental appeal, excellent investor potential, and lasting stability. Location! Location! Location!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,272 | - |
| Lot Size | 14,409 | - |
| Price | $995.0K | $549.6K |
| Price per sq ft | $233 | $176 |
| Built year | 1983 | 0 |
| HOA | $0 | $0 |
| Days on market | 30 | 79 |
Jun 22, 2026
$995,000
Initial Listing
Aug 16, 2024
$900,000
Public Record
Sep 19, 2022
$720,000
Public Record