303 El Tejon, Bakersfield, CA 93308
- $397,000
- Sold Price
- $397,000
- List Price
- $415,000
- Closing Date
- Jul 07, 2026
- Status
- CLOSED
- MLS#
- NS26075410
- Year Built
- 1938
- Lot Size
- 7,168
- Acres
- 0.16
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- One Level
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.
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Additional Information
- Pool Description
- None
- Fireplace Description
- Dining Room
- Heat
- Central, Electric
- Cooling
- Yes
- Cooling Description
- Central Air, Electric
- Sewer
- Public Sewer
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $43,880
- Operating Expense
- 11846
Listing courtesy of Listing Agent: Ernesto Osuna Hernandez (brokerosuna@gmail.com) from Listing Office: D Best Realty Inc.
Listing sold by Nathalie Marles from NONMEMBER MRML
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.