931 Monterey St, Bakersfield, CA 93305
4 Unit Apartment Building | $1,125,000 ($281,250/Unit) | 8.43% Cap Rate | Bakersfield, CA 93305
For Sale
Active
Asking Price $1,125,000
- Property Type
-
Multifamily
- Square Feet
- 5,280 SF
Listing Contacts
- Property Info
Property Overview
Situated at the intersection of Monterey and Owens Street in Southeast Bakersfield, 931 Monterey stands as a Quadruplex Multi-Family unit, offering approximately 5,280 square feet of living space across four distinct four-bedroom, two-bathroom units. Recently renovated to its entirety, the property boasts brand-new plumbing, electrical systems, lighting, HVAC units, and both interior and exterior finishes, ensuring modern comfort and quality. The surrounding area experiences consistently low vacancy rates and accommodates Section 8 tenancy, with each tenant thoroughly prequalified by the Housing Authority. Zoned as R-2 for Multi-Family purposes, this property represents a compelling and fully upgraded opportunity for multi-unit living in a prime location in Southeast Bakersfield.
Property Details
- Class
- C
- Year Built/Renovated
- 1991/2023
- Stories
- 2
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 4
Highlights
- 4-bedroom 2 bath per unit
- Low Vacancy
- Section 8 tenancy
- Each tenant prequalified by Housing Authority
- 100% fully renovated structure with new plumbing, electrical, lighting, HVAC, interior and exterior finishes.
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