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Updated Fourplex in Riverview Neighborhood

132 Warren Avenue Bakersfield, CA 93308

Claim this Listing
For Sale
$639,000

MULTI_FAMILY - Bakersfield, CA

Property size:
3,636 SF
Lot size:
0.21 Acres
Price / SF:
$175.74/SF
Added:
Apr 23, 2026
Days on Market:
83
Last Refresh:
Jul 14 at 4:06 am

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 agent Jennie Settelmeyer License #01195487

Listing office Better Homes and Gardens Real Estate Platinum Realty Group 21000 Mission Street, Tehachapi, CA

Listing date Apr 23, 2026

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 (±1% cap)
NOI $47,119 @ 7.0% cap · market cap 7.37%
Second Best
Apartment 5plus
$625.2K
$547.0K – $729.4K (±1% cap)
NOI $43,762 @ 7.0% cap · market cap 6.85%
Theoretical Best
Office A
$964.9K
$844.3K – $1.13M (±1% cap)
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

Suggested Use

Real Estate Agency Law Firm Spa & Massage Center Hair Salon Gym & Fitness Center HVAC Service Electrical Service Nail Salon Cafe & Coffee Shop Furniture & Home Goods

Zoning and permitted uses should be independently verified with local authorities.

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.
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