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4215 Teal

Bakersfield, CA 93304

– beds
– baths
– sqft
~2 acre lot
1984 build
– on site

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.

Listed By CRMLS_CA / Ed Diaz / Vanguard Property Group / 714-401-2855

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# PW25036712 —

The Building

Year Built:

1984
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco, Wood Siding
Building Area Total:

56000.00
Building Area Units:

Square Feet
Total Number Of Units:

58
# of Buildings:

13
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

60
# of Separate Water Meters:

2
# of Separate Electric Meters:

60

Interior

Levels:

Two
Entry Location:

ground
Laundry:

Community
Laundry:

1

Location

Directions:

99 to White Ln exit, left on Hughes, right on Teal Street
Latitude:

35.32072400
Longitude:

-119.02942000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Lot Over 40000 Sqft
Lot Size Area:

95774.0000
Lot Size Acres:

2.1987
Lot Size SqFt:

95774.00
Lot Size Source:

Assessor
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

4193
Tax Lot:

2

The Listing

Special Listing Conditions:

Standard

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Carport, Detached Carport, Driveway, Asphalt, Paved
Parking Spaces:

119.00
Uncovered Spaces:

55.00
Carport Spaces:

64.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/20/25 Feb 20, 2025	Listed / Active	CRMLS_CA	$7,250,000

Multifamily For Sale

$7,250,000

Listing provided by broker:

Ed Diaz

Vanguard Property Group

714-401-2855

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This multifamily located in South Bakersfield, Bakersfield, CA 93304 is currently for sale for $7,250,000. 4215 Teal is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. 4215 Teal is in the South Bakersfield neighborhood of Bakersfield and has a WalkScore® of 67, making it somewhat walkable. This multifamily is in the attendance area of Greenfield Middle School, South High School, and Planz Elementary School.

Listing Courtesy of: CRMLS_CA and Vanguard Property Group. Based on information from California Regional Multiple Listing Service, Inc. as of 00:08 on Feb 22.

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, 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.