CA > Bakersfield
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Ed Diaz • Vanguard Property Group
$7,250,000
Est. payment /mo
56,000 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 56,000 sqft

Price per Sqft $129

MLS Listing ID PW-25036712

Year Built 1984

Lot Size 2.199 Acres

Property Sub-Type Apartment

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

Area Bksf - Bakersfield

Interior

Heating Central

Cooling Central Air

Laundry Community

Exterior

Parking Features Paved, Asphalt, Carport, Detached Carport, Driveway

Pool None

Community Features Curbs, Sidewalks

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected, Phone Connected

Building

Lot Description Lot Over 40000 Sqft

Sewer Public Sewer

Read Less Info

Get More Information

agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Keller Williams, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
QUICK SEARCH