$700,000
$715,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
4,272 SqFt
SOLD DATE : 03/04/2026
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type 5 - 10 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $163
MLS Listing ID 202512240
Sold Date 03/04/26
Year Built 1972
Property Sub-Type 5 - 10 Units
Property Description
Excellent investment opportunity in Southwest Bakersfield! 3415 Terrace Way is a 9-unit apartment complex built in 1972, featuring all studio units totaling approximately 4,272 sq. ft. and situated on a quiet cul-de-sac served by septic systems. Current rents range from $528 to $900, generating a gross scheduled income of $75,960 per year, with significant upside potential as rents are well below the submarket average of $1058 for studios/lofts. Offered at $715,000 (just $79,444 per unit), this property is an attractive value-add opportunity in an established Bakersfield rental market.
Location
State CA
County Kern
Area 52
Exterior
Parking Features Uncovered
Building
Story 2
Schools
Elementary Schools Munsey, Millie
Middle Schools Curran
High Schools West
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Bought with Angel Medrano • Central Valley Property
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