This bread and butter fourplex resides in Homaker Park, a popular multifamily neighborhood within Bakersfield’s Central Submarket. All four units are 2-story, featuring 2-bedrooms and 1.5-bathrooms and include garage, carport and street parking. Built in 1979, the owners have recently rehabbed two units. This property boasts a 100% occupancy rate and desirable location near Garces Memorial High School, one of the most prominent schools in the city. To the South, Bakersfield Memorial Hospital dominates as one of the largest employers in the entire city. Located less than a mile from the fourplex, the hospital has become a magnet for dining, shopping, and public transportation. All this, plus close proximity to Bakersfield’s downtown commercial and entertainment districts, make this investment an excellent value for the money.
|Unit Mix||(4) 2-Bed / 1.5-Bath|
|Net Operating Income||17,526.50|
|Gross Rent Multiplier||10.07|
|Address:||4401 Isla Verde Street|
|Lot Square Feet:||11582|
|Property Type:||Multifamily Fourplex|
|Laundry:||Hookups (2) units/ Laundry room|