$7,250,000
4215 Teal
Bakersfield, CA, 93304
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.
Property Details
Price:
$7,250,000
MLS #:
PW25036712
Status:
Active Under Contract
Baths:
0
Address:
4215 Teal
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
bksfbakersfield
City:
Bakersfield
Listed Date:
Feb 19, 2025
State:
CA
ZIP:
93304
Lot Size:
95,774 sqft / 2.20 acres (approx)
Year Built:
1984
Schools
Interior
Cooling
Central Air
Heating
Central
Exterior
Community Features
Curbs, Sidewalks
Garage Spaces
0.00
Lot Features
Lot Over 40000 Sqft
Parking Features
Carport, Detached Carport, Driveway, Asphalt, Paved
Parking Spots
119.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public
Financial
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Courtesy of Vanguard Property Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 4215 Teal
Bakersfield, CA
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