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303 El Tejon Bakersfield, CA 93308
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Key Details
Sold Price $397,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NS26075410
Sold Date 07/07/26
HOA Y/N No
Year Built 1938
Lot Size 7,169 Sqft
Property Sub-Type Triplex
Property Description
Well-maintained triplex in North Bakersfield offering strong in-place income. The property features a spacious front home along with two rear units that are exceptionally clean and turnkey, making this an ideal opportunity for investors seeking a low-maintenance asset. The property currently generates approximately $43,000+ in annual income with a net operating income exceeding $32,000, providing immediate cash flow from day one. The rear units have been well cared for and are rent-ready, reducing future capital expenditures and minimizing downtime. In addition to its current performance, there remains upside potential through gradual rent adjustments and operational improvements, offering both stability and growth. Conveniently located near major roads, shopping, and employment centers, this property continues to attract consistent tenant demand.
Location
State CA
County Kern
Area Bksf - Bakersfield
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplaces Type Dining Room
Fireplace Yes
Laundry Inside, Laundry Room
Exterior
Parking Features Driveway, Gravel, Gated
Pool None
Community Features Valley
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 11312310008
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Nathalie Marles NONMEMBER MRML

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