4-Unit Multifamily
New
For Sale
$615,000
132 Warren Avenue, Bakersfield, CA 93308
ResidentialIncome, Bakersfield, CA
Property Size3,636 SF
Lot Size0.21 Acres
Price / SF$169.14
Days on Market2
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
Amenities
attached garages
private patios
in-unit laundry
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: Oct 16
Last Checked: Oct 17 at 4:06PM
MLS# 9994596
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.
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Investment Insights
Based on property information with market context.
This 3,636-square-foot multifamily property contains four residences on a 0.21-acre lot and was built in 1967. Three units have two bedrooms: one is a single-story layout with two full bathrooms, while the other two are two-story layouts with one and a half bathrooms each. The fourth residence is single-story, with one bedroom and one bathroom.
Attached garage capacity varies by unit: the first three each have a one-car garage, and the fourth has a two-car garage. Private patios and in-unit laundry are also included. The property is zoned R-2 and is near shopping, dining and transportation.
Attached garage capacity varies by unit: the first three each have a one-car garage, and the fourth has a two-car garage. Private patios and in-unit laundry are also included. The property is zoned R-2 and is near shopping, dining and transportation.
Key Highlights
- Four residences totaling 3,636 square feet on a 0.21‑acre lot
- Unit mix: three two‑bedroom residences and one one‑bedroom residence
- Attached garages: one‑car garages for three units and a two‑car garage for the fourth
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,119
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,380
$942.4K
Cap Rate 7%
$673,129
$673.1K
Cap Rate 9%
$523,544
$523.5K
Market Conditions
NOI Build-Up for 3,636 SF
Gross rent
$72.0K $19.80/SF
− Vacancy
−$4.7K −$1.29/SF
EGI
$67.3K $18.51/SF
− OpEx
−$20.2K −$5.55/SF
NOI
$47.1K $12.96/SF
Area
Bakersfield, CA
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,380
Cap Rate 7%
$673,129
Cap Rate 9%
$523,544
Alternative Uses
Best Use
Multifamily LT 5
$673.1K
$589.0K – $785.3K
NOI $47,119 @ 7.0% cap · market cap 7.66%
Second Best
Apartment 5plus
$625.2K
$547.0K – $729.4K
NOI $43,762 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$964.9K
$844.3K – $1.13M
NOI $67,542 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes an attached garage, with private patios and in-unit laundry across the property.
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 $615,000.
What are key features of this property?
This property features: Four residences totaling 3,636 square feet on a 0.21‑acre lot; Unit mix: three two‑bedroom residences and one one‑bedroom residence; Attached garages: one‑car garages for three units and a two‑car garage for the fourth
