40
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$415,000
Est. payment /mo
1,848 SqFt
Pending
303 El Tejon Avenue Bakersfield, CA 93308
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Key Details
Property Type Multi-Family
Sub Type 3 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 1,848 sqft
Price per Sqft $224
MLS Listing ID 202603268
Year Built 1938
Property Sub-Type 3 Units
Property Description
Well-maintained triplex in North Bakersfield offering strong in-place income. The property features a spacious front home along with two rear units that are exceptionally clean and turnkey, making this an ideal opportunity for investors seeking a low-maintenance asset.The property currently generates approximately $43,000+ in annual income with a net operating income exceeding $32,000, providing immediate cash flow from day one. The rear units have been well cared for and are rent-ready, reducing future capital expenditures and minimizing downtime. In addition to its current performance, there remains upside potential through gradual rent adjustments and operational improvements, offering both stability and growth. Conveniently located near major roads, shopping, and employment centers, this property continues to attract consistent tenant demand.
Location
State CA
County Kern
Area 21
Exterior
Parking Features Uncovered
Building
Story 1
Schools
Elementary Schools Standard
Middle Schools Standard
High Schools North
Listed by Ernesto Osuna Hernandez • D Best Realty, Inc.
Nearby Locations
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