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$ 1,250,000
Est. payment | /mo
3,084 SqFt
$ 1,250,000
Est. payment | /mo
3,084 SqFt
Key Details
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 3,084 sqft
Price per Sqft $405
MLS Listing ID 202505865
Year Built 1965
Property Sub-Type 5 - 10 Units
Property Description
Presenting a rare investment opportunity in Southwest Bakersfield: 3408-3416 Terrace Way, a 10-unit multifamily property offered at $1,250,000. This well-maintained asset consists of five duplexes situated on three contiguous lots, built in 1965 and featuring individual garages and a shared swimming pool. The property was recently color coated and painted in 2024, and three of the roofs have been replaced within the last five years, enhancing curb appeal and long-term durability. With current rents ranging from $895 to $1,300, there is immediate income potential and room for growth. Conveniently located west of Highway 99, this property offers cash flow in a desirable Bakersfield submarket.
Location
State CA
County Kern
Area 52
Exterior
Parking Features Garage, Uncovered
Building
Story 1
Schools
Elementary Schools Munsey, Millie
Middle Schools Curran
High Schools West
School District Bakersfield City
Listed by Marc A Thurston • ASU Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "