Property Details
About this Property
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.
MLS Listing Information
MLS #
CRPW25036712
MLS Source
California Regional MLS
Interior Features
Laundry
Community Facility
Cooling
Central Forced Air
Heating
Central Forced Air
Parking, School, and Other Information
Garage/Parking
Carport, Detached, Other, Garage: 0 Car(s)
Contact Information
Listing Agent
Ed Diaz
Vanguard Property Group
License #: 01022469
Phone: (714) 446-0100
Co-Listing Agent
Brad New
License #: 01347742
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 13 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
4215 Teal is a Residential Income in Bakersfield, CA 93304. This – square foot property sits on a 95,774 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,250,000 and was built in 1984. This address can also be written as 4215 Teal, Bakersfield, CA 93304.
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This listing information is up-to-date as of July 15, 2025. For the most current information, please contact Ed Diaz, (714) 446-0100
