Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
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$7,250,000
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8 Beds
8 Baths
Pending

4215 Teal Bakersfield, CA 93304

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PW25036712

Bedrooms 8

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present the Teal Townhomes, a 58 unit garden style multifamily apartment building built in 1984 located in Southwest Bakersfield (4211-4221 Teal Street - complete address/405-121-02-00-9, 405-121-01-00-6 APNs ). This expansive apartment community features 58 spacious (2+1.5) townhome units, comprised of 13 separate buildings on a spacious 2.1-acre corner lot. Each unit boasts private patios and separate gas & electric meters. The subject property is well maintained with new asphalt in 2024 and all roofs replaced in 2015. Offered well below replacement value at $129 cost per square and foot (CPSF), an in-place 5.6% CAP/8.7GRM and a 7.4% proforma CAP/7.5 GRM - with these purchase factors and additional rental upside of 15%-18%, the Teal Townhomes offers the savvy multifamily investors an exciting repositioning opportunity with solid returns on their investment.

Location

State CA

County Kern

Zoning Assessor

Direction 99 to White Ln exit, left on Hughes, right on Teal Street

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2


MLS Router / San Diego MLS
Listed by Ed Diaz Vanguard Property Group

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agent

Teresa Munguia

Agent | License ID: 01204532

+1(619) 454-3141

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4215 Teal