Updated Fourplex in Riverview
132 Warren Avenue Bakersfield, CA 93308
132 Warren Avenue, Bakersfield, CA, 93308
$639,000
For Sale
$639,000
MULTI_FAMILY - Bakersfield, CA
Property Size3,636 SF
Lot Size0.21 Acres
Price / SF$175.74
Days on Market85
Property Features for 132 Warren Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- 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
21000 Mission Street, Tehachapi, CA
Listed by
Jennie Settelmeyer · License #01195487
(661) 618-3790
Added: Apr 23 Checked: Jul 16 at 6:06 pm
MLS# 9993903
Listing URL
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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.
