Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
Bakersfield, CA 93304,4215 Teal
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Listed by Ed Diaz • Vanguard Property Group
$ 7,250,000
Est. payment | /mo

56,000 SqFt


Save
$ 7,250,000
Est. payment | /mo
Save

56,000 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 56,000 sqft

Price per Sqft $129

MLS Listing ID CRPW25036712

HOA Y/N No

Year Built 1984

Lot Size 2.199 Acres

Property Sub-Type Other

Source Datashare California Regional

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

Interior

Heating Other

Cooling Central Air

Fireplace No

Laundry Common Area

Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

agent
Vander Meulen Real Estate Group

Broker, REALTOR® | Lic# 00842213 | Lic# 02150745

+1(925) 798-4663

800 S Broadway, Walnut Creek, CA, 94596, USA

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4215 Teal