4-Unit Multifamily Property with
New
For Sale
$615,000
132 Warren Avenue, Bakersfield, CA 93308
Residential Income, 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
Bedrooms
7
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 3, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 7, Bathroom 2, Bedroom 6, Bathroom 6, Bedroom 1, Bedroom 3, Bathroom 5, Bedroom 4, Bedroom 5
Directions
North Chester Avenue, West on Warren Avenue
Subdivision
96 - Out of Area North
Standard status
Active
APN
113-321-11
Size
3,636 SF
Lot size
0.21 Acres
Utilities
Cooling system
Central Air
Amenities
attached garages
private patios
in-unit laundry
Building Details
Year built
1967
Number of units
4
Building materials
Stucco
Roof type
Composition
Listing Agency:
BHGRE 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# 26007955
Copyright © 2026 Greater Antelope Valley 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 quadplex contains four residences on a 0.21-acre parcel, with R-2 zoning. The unit mix includes three two-bedroom homes and one one-bedroom home. Two residences are single-story, while the other two have two levels. Each unit has an attached garage; three garages accommodate one car each, and the fourth accommodates two cars. Private patios and in-unit laundry are also included. The property was built in 1967, has stucco construction and a composition roof, and is equipped with central air.
The property is in Bakersfield, near shopping centers, dining, and transportation.
The property is in Bakersfield, near shopping centers, dining, and transportation.
Key Highlights
- Four‑unit property with three two‑bedroom residences and one one‑bedroom residence
- 3,636 square feet on a 0.21‑acre parcel; zoned R‑2
- Attached garages: three one‑car garages and one two‑car garage
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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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer attached garage parking, private patios, and in-unit laundry.
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‑unit property with three two‑bedroom residences and one one‑bedroom residence; 3,636 square feet on a 0.21‑acre parcel; zoned R‑2; Attached garages: three one‑car garages and one two‑car garage
