4215 Teal, Bakersfield, CA 93304 - Berkshire Hathaway HomeServices California Properties
4215 Teal Bakersfield, CA 93304
$7,250,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Pending
MLS# PW25036712
List price is $7,250,000
Beds: 0
Baths: 0
Built in 1984
2 stories
2.20 acres
Lot size: 2.1987
County: Kern
Construction: Stucco,Wood Siding
Parking description: Asphalt,Carport,Detached Carport,Driveway,Paved
Lot description: Lot Over 40000 Sqft
Heating/cooling: Central Air
Heating description: Central
MLS area: BKSF - Bakersfield

Last Updated: 6/9/2025

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This listing belongs to the BKSF - Bakersfield MLS area

Lat/Long: 35.320724, -119.029420.
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Listing Agent: Ed Diaz
Co Listing Agent: Brad New
Lic#: 01234982
Office Name: Mission Viejo

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