Description

Excellent 4-unit investment opportunity with all units currently occupied and generating $58,044 in gross annual income. The property was remodeled in 2022 and features a desirable mix of two 2-bedroom units and two 3-bedroom units. Unit A is 2/1, unit B is 3/1, unit C is 2/1.5, and unit D is 3/1.5.Unit C could be sold vacant or re-rented at current market. Improvements include granite countertops, tile flooring, LVT stair flooring in Units C and D, interior laundry in each unit, private patios, and designated on-site parking. Newer A/C units were installed in 2021, and a concrete block perimeter wall with wrought-iron gates was added in 2022. An attractive opportunity for an investor seeking a fully occupied multifamily property with substantial recent improvements or an FHA buyer looking to live in one unit and rent out the other three units.

Property details

Year built

1983

Property type

Residential Income

Lot size

7,535 sqft

Location

237 Dr Martin Luther King Jr • Bakersfield, CA 93307

More homes for sale and rent in Bakersfield, CA →

Listing Agent

Veronica Alcazar

DRE #: 01254201

Brokerage: eXp Realty of Greater Los Angeles, Inc.

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Closed sales reported in 93307, nearest first, last 12 months. All recent sales in Bakersfield →

CRMLS

MLS# SR26185517

Listed: 8/24/2026 8:26 AM

Based on information from the California Regional Multiple Listing Service, Inc. as of 9/24/2026 1:37 PM. 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 deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: eXp Realty of Greater Los Angeles, Inc.

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

Residential Income - 237 Dr Martin Luther King Jr, Bakersfield, CA