CA > Bakersfield
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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2.2 Acres Lot
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4215 Teal Bakersfield, CA 93304

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Andre Hobbs

Andre Hobbs

+1(619) 349-5151

UPDATED:

02/20/2025 06:45 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25036712

HOA Y/N No

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

Fireplace No

Laundry Common Area

Exterior

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

Pool None

Community Features Curbs, Sidewalks

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

Total Parking Spaces 119

Private Pool No

Building

Lot Description Lot Over 40000 Sqft

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Energy Description 1.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Ed Diaz • Vanguard Property Group • 714-401-2855

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agent

Andre Hobbs

San Diego Realtor / Military Veteran | License ID: 01485241

+1(619) 349-5151

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4215 Teal