Don't miss this strong income-producing 4-unit multifamily opportunity located in a desirable Southwest Bakersfield neighborhood. Offered at $595,000, this well-maintained property was built in 1974 and features a highly desirable unit mix of four (4) 2-bedroom, 1-bath units, totaling approximately 3,136 square feet.
The property is currently generating $4,935 per month ($59,220 annually) in gross rental income, offering immediate cash flow for investors. With solid in-place rents and continued demand for rental housing in the area, this asset provides both stability and long-term upside potential.
Each unit offers functional layouts that attract and retain tenants, contributing to consistent occupancy. The property’s configuration and location make it ideal for both seasoned investors looking to expand their portfolio and newer investors seeking a reliable entry into multifamily ownership.
With Bakersfield continuing to experience growth and affordability-driven demand, this income property is a high-performing asset with strong income fundamentals and the potential for future rent growth.3601 Micheli and 3600 Micheli are being sold simultaneously by the same owner. The owner prefers to sell both properties at the same time.
Coming soon 05/04
Listing Provided by: Realty Executives All Cities
$595,000
3601 Micheli Ct, Bakersfield, CA 93309
8beds
4baths
3,136sqft
Est.:
Quadruplex
Built in 1974
-- sqft lot
$550,400 Zestimate®
$190/sqft
$-- HOA
What's special
- 21 hours |
- 46 |
- 0 |
Zillow last checked:
Listing updated:
Listing Provided by:
Martin Gonzalez DRE #01204139 562-843-1103,
Realty Executives All Cities
Source: CRMLS,MLS#: RS26094191
Originating MLS: California Regional MLS
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
Property
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
Lot
- Size: 10,139 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 44115125009
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $173,913
- Annual tax amount: $4,650
- Date on market: 5/1/2026
- Listing terms: Submit
- Total actual rent: 4545
Estimated market value
$550,400
$490,000 - $622,000
$1,460/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/10/2025 | Sold | $555,000-0.9%$177/sqft |
Source: | ||
| 11/6/2024 | Pending sale | $560,000$179/sqft |
Source: | ||
| 10/22/2024 | Price change | $560,000-1.8%$179/sqft |
Source: | ||
| 9/19/2024 | Price change | $570,000-2.6%$182/sqft |
Source: | ||
| 9/10/2024 | Listed for sale | $585,000$187/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,650 +2.6% | $173,913 +2% |
| 2024 | $4,530 +2.4% | $170,504 +2% |
| 2023 | $4,425 +4.8% | $167,162 +2% |
| 2022 | $4,221 | $163,886 +2% |
| 2021 | -- | $160,674 +1% |
| 2020 | $3,711 +1.5% | $159,027 |
| 2019 | $3,657 +3.4% | $159,027 +4% |
| 2018 | $3,537 +1.5% | $152,854 +2% |
| 2017 | $3,485 +4.5% | $149,858 +2% |
| 2016 | $3,335 +1.4% | $146,921 +1.5% |
| 2015 | $3,290 +2.6% | $144,715 +2% |
| 2014 | $3,206 | $141,881 +0.5% |
| 2013 | -- | $141,240 +2% |
| 2012 | $3,136 +0.1% | $138,471 +2% |
| 2011 | $3,135 +1.7% | $135,757 +0.8% |
| 2010 | $3,083 +0.3% | $134,743 -0.2% |
| 2009 | $3,073 +3.9% | $135,064 +2% |
| 2008 | $2,956 +3.9% | $132,417 +2% |
| 2007 | $2,845 +5.3% | $129,822 +2% |
| 2006 | $2,703 +2.8% | $127,277 +2% |
| 2005 | $2,630 +0.9% | $124,782 |
| 2004 | $2,606 +6% | $124,782 +1.9% |
| 2003 | $2,460 | $122,495 +4% |
| 2002 | $2,460 -38.9% | $117,740 +2% |
| 2001 | $4,027 | $115,433 |
| 2000 | -- | $115,433 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,541/mo
Principal & interest
$2921
Property taxes
$620
More affordability tools
Climate risks
Neighborhood: 93309
Nearby schools
GreatSchools rating
- 3/10Amy B. Seibert Elementary SchoolGrades: K-6Distance: 0.4 mi
- 3/10Fred L. Thompson Junior High SchoolGrades: 7-8Distance: 0.6 mi
- 4/10West High SchoolGrades: 9-12Distance: 1.4 mi
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A local lender can help you make sure your offer is ready when you are.
Local buyer's agents are ready to help
- California
- Kern County
- Bakersfield
- 93309
- 3601 Micheli Ct






