Updated Fourplex in Riverview
For Sale
$639,000
132 Warren Avenue, Bakersfield, CA 93308
MULTI_FAMILY - Bakersfield, CA
Property Size3,636 SF
Lot Size0.21 Acres
Price / SF$175.74
Days on Market102
Property Features for 132 Warren Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Subdivision
Out of Area
Standard status
Active
APN
11332111
Size
3,636 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
7855
Building Details
Year built
1967
Listing Agency:
Better Homes and Gardens Real Estate Platinum Realty Group
(661) 488-7411
Listed By:
Jennie Settelmeyer · License #01195487
(661) 618-3790
Added: Apr 23
Changed: Jun 9
Last Checked: Aug 2 at 4:06AM
MLS# 9993903
Copyright © 2026 Tehachapi Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Riverview neighborhood of Bakersfield, this updated fourplex presents an investment opportunity. Each unit includes desirable amenities such as a private patio area, a one-car attached garage, and in-unit laundry. The property is situated near shopping centers, dining options, and transportation. The fourplex consists of the following units: Unit 1 is a single-story unit with 2 bedrooms, 2 full bathrooms, and a one-car attached garage. Unit 2 is a two-story unit with 2 bedrooms, 1.5 bathrooms, and a one-car attached garage. Unit 3 is a two-story unit with 2 bedrooms, 1.5 bathrooms, and a one-car attached garage. Unit 4 is a single-story unit with 1 bedroom, 1 bathroom, and a two-car attached garage. The property is zoned R-2 and has a lot size of 0.21 acres. The total property size is 3636 square feet.
Key Highlights
- Strong income potential as a fourplex investment property.
- Updated units offer modern appeal to tenants.
- Each unit includes a 1‑car or 2‑car attached garage.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $19.80 |
| − Vacancy | −$4.7k | −$1.29 |
| EGI | $67.3k | $18.51 |
| − OpEx | −$20.2k | −$5.55 |
| NOI | $47.1k | $12.96 |
3,636 SF · lease $19.80/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$673.1K
$589.0K – $785.3K
NOI $47,119 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$625.2K
$547.0K – $729.4K
NOI $43,762 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$964.9K
$844.3K – $1.13M
NOI $67,542 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 93308, CA
56,037
Population
21,443
Households
2.6
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
344.6 sq mi
ZIP Area
163
Density / Sq Mi
$59,511
Median Household Income
$39,676
Median Earnings
$1,260
Median Rent
$298,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Updated fourplex with strong income potential in Bakersfield's Riverview.
Where is this quadplex located?
The property is located at 132 Warren Avenue Bakersfield, CA.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Strong income potential as a fourplex investment property.; Updated units offer modern appeal to tenants.; Each unit includes a 1‑car or 2‑car attached garage.
