Under contract
Active Under Contract
4215 Teal
Bakersfield CA, 93304
$7,250,000
$129.46 per sqft
Under contract
Active Under Contract
56,000 sqft
Condos
Built in 1984
Listed by Ed Diaz with Vanguard Property Group 714-401-2855
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.
PW25036712
MLSⓇ ID
February 20, 2025
Listed
February 23, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
2.2 Acres
Lot Features
Lot Over 40000 Sqft
Sewer
Public Sewer
Other Property Details
Area Name
BKSF - Bakersfield
Days on Market
2
Garage
No
Parking
Asphalt, Carport, Detached Carport, Driveway, Paved
Parking Total
119
View
No
County
Kern
Water Source
Public
Pool
No
Pool Features
None
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Listing History
Date | Event | Price |
|---|---|---|
2/23/2025 | Under contract | — |
Listing Contact: 714-446-0100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/23/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/23/2025 at 3:07 AM UTC