Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    4215 Teal , Bakersfield, CA 93304
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    4215 Teal
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    • MLS#: PW25036712 ( Apartment )
    • Street Address: 4215 Teal
    • Viewed: 22
    • Price: $7,250,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1984
    • Bldg sqft: 0
    • Days On Market: 67
    • Additional Information
    • County: KERN
    • City: Bakersfield
    • Zipcode: 93304
    • Provided by: Vanguard Property Group
    • Contact: Ed Ed
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      We are pleased to present the Teal Townhomes, a 58 unit garden style multifamily apartment building built in 1984 located in Southwest Bakersfield (4211 4221 Teal Street complete address/405 121 02 00 9, 405 121 01 00 6 APNs ). This expansive apartment community features 58 spacious (2+1.5) townhome units, comprised of 13 separate buildings on a spacious 2.1 acre corner lot. Each unit boasts private patios and separate gas & electric meters. The subject property is well maintained with new asphalt in 2024 and all roofs replaced in 2015. Offered well below replacement value at $129 cost per square and foot (CPSF), an in place 5.6% CAP/8.7GRM and a 7.4% proforma CAP/7.5 GRM with these purchase factors and additional rental upside of 15% 18%, the Teal Townhomes offers the savvy multifamily investors an exciting repositioning opportunity with solid returns on their investment.
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    Features
    Building Area Total
    1. 56000.00
    Carport Spaces
    1. 64.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. 2+ Common Walls
    Construction Materials
    1. Stucco
    2. Wood Siding
    Cooling
    1. Central Air
    Country
    1. US
    Electric Expense
    1. 1.00
    Entry Location
    1. ground
    Fuel Expense
    1. 1.00
    Garage Spaces
    1. 0.00
    Heating
    1. Central
    Insurance Expense
    1. 1.00
    Laundry Features
    1. Community
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. Lot Over 40000 Sqft
    Netoperatingincome
    1. 403439.00
    Number Of Buildings
    1. 13
    Number Of Separate Electric Meters
    1. 60
    Number Of Separate Gas Meters
    1. 60
    Otherincome1
    1. 15426.00
    Otherincomedescription
    1. RUBS
    Parking Features
    1. Carport
    2. Detached Carport
    3. Driveway
    4. Asphalt
    5. Paved
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 1.00
    Property Type
    1. Apartment
    Road Frontage Type
    1. City Street
    Road Surface Type
    1. Paved
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 432472313:CRM
    Spa Features
    1. None
    Totalexpenses
    1. 418348.00
    Trash Expense
    1. 1.00
    Uncovered Spaces
    1. 55.00
    Utilities
    1. Electricity Connected
    2. Natural Gas Connected
    3. Phone Connected
    4. Sewer Connected
    5. Water Connected
    Vacancyallowance
    1. 24939
    Views
    1. 22
    Water Sewer Expense
    1. 1.00
    Water Source
    1. Public
    Year Built
    1. 1984
    Year Built Source
    1. Assessor
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836