4215 Teal, Bakersfield, CA 93304

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.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$7,250,000

Sold July 2025 · on market February 2025 · MLS #PW25036712 · Source: CRMLS

Listing Agent: Ed Diaz · Listing Office: Vanguard Property Group · Contact: 714-401-2855 · Bought with: Ed Diaz · Vanguard Property Group

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