Well-Maintained Four-Unit
For Sale
$595,000
Pending
3601 Micheli Court, Bakersfield, CA 93309
Four matching residences provide a consistent two-bedroom, one-bath configuration for multifamily ownership.
Property Size3,136 SF
Days on Market150
Property Features for 3601 Micheli Court
General Information
Standard status
Pending
Size
3,136 SF
Property subtype
Multi Family
Financials
Asking Price
$595,000
Gross Income
$59,220
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Building Details
Year Built
1974
Listing Agency:
Realty Executives All Cities
(562) 925-1111
Listed By:
Martin Gonzalez · License #01204139
(562) 843-1103
Source:
Exitrealty
Added: May 21
Changed: Oct 4
Last Checked: Oct 7 at 9:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives All Cities
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Investment Insights
Based on property information with market context.
This Bakersfield quadplex contains four residential units, each arranged with two bedrooms and one bathroom. The property totals approximately 3,136 square feet and was built in 1974, providing a straightforward multifamily configuration with consistent layouts across the building.
Located at 3601 Micheli Court, the property is part of a simultaneous offering with 3600 Micheli, which is being sold by the same owner. The uniform unit mix supports a consistent operating format for an owner evaluating a four-unit rental property. Existing rental use and the established residential layout provide the core physical characteristics of this multifamily asset.
Located at 3601 Micheli Court, the property is part of a simultaneous offering with 3600 Micheli, which is being sold by the same owner. The uniform unit mix supports a consistent operating format for an owner evaluating a four-unit rental property. Existing rental use and the established residential layout provide the core physical characteristics of this multifamily asset.
Key Highlights
- Four‑unit quadplex with four 2‑bedroom, 1‑bath units
- Approximately 3,136 square feet total
- Built in 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,640
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,800
$812.8K
Cap Rate 7%
$580,571
$580.6K
Cap Rate 9%
$451,556
$451.6K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$62.1K $19.80/SF
− Vacancy
−$4.0K −$1.29/SF
EGI
$58.1K $18.51/SF
− OpEx
−$17.4K −$5.55/SF
NOI
$40.6K $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%
$812,800
Cap Rate 7%
$580,571
Cap Rate 9%
$451,556
Alternative Uses
Best Use
Multifamily LT 5
$580.6K
$508.0K – $677.3K
NOI $40,640 @ 7.0% cap · market cap 6.83%
Second Best
Apartment 5plus
$539.2K
$471.8K – $629.1K
NOI $37,744 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$832.2K
$728.2K – $970.9K
NOI $58,254 @ 7.0% cap · market cap 9.79%
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
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 93309, CA
61,079
Population
23,546
Households
2.6
Avg Household Size
33
Median Age
20%
College-Educated
83%
High-School Grad
10.5 sq mi
ZIP Area
5,817
Density / Sq Mi
$62,143
Median Household Income
$36,281
Median Earnings
$1,268
Median Rent
$286,600
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 - Four matching residences provide a consistent two-bedroom, one-bath configuration for multifamily ownership.
Where is this quadplex located?
The property is located at 3601 Micheli Court Bakersfield, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Four‑unit quadplex with four 2‑bedroom, 1‑bath units; Approximately 3,136 square feet total; Built in 1974
