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.
Sold for $7,250,000
Listed by: Vanguard Property Group • Ed Diaz • Contact: 714-446-0100
Bought with: Vanguard Property Group
$7,250,000
4215 Teal St, Bakersfield, CA 93304
116beds
116baths
56,000sqft
Multi Family
Built in 1984
-- sqft lot
$7,211,500 Zestimate®
$129/sqft
$1,452 Estimated rent
Home value
$7,211,500
$6.42M - $8.08M
$1,452/mo
Zestimate® history
Owner options
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$1,452/mo
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$1,452/mo
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$46,940/mo
Est. payment
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$46,940/mo
Est. payment
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Private patiosCorner lot
Zillow last checked:
Listing updated:
Listed by:
Ed Diaz DRE #01022469 714-401-2855,
Vanguard Property Group,
Brad New DRE #01347742,
Vanguard Property Group
Bought with:
Ed Diaz, DRE #01022469
Vanguard Property Group
Source: CRMLS,MLS#: PW25036712
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 116
- Bathrooms: 116
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Common Area
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 56,000
- Total interior livable area: 56,000 sqft
Property
Parking
- Total spaces: 119
- Parking features: Asphalt, Carport, Detached Carport, Driveway, Paved
- Has carport: Yes
- Uncovered spaces: 55
Features
- Levels: Two
- Stories: 2
- Entry location: ground
- Pool features: None
- Spa features: None
Lot
- Size: 2.2 Acres
- Features: Lot Over 40000 Sqft
Details
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Stucco, Wood Siding
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Sidewalks
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $129/sqft
- Date on market: 2/20/2025
- Cumulative days on market: 1 day
- Listing terms: Cash,Cash to New Loan,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/14/2025 | Sold | $7,250,000$129/sqft |
Source:  CRMLS #PW25036712 Report a problem | ||
| 5/16/2025 | Pending sale | $7,250,000$129/sqft |
Source: CRMLS #PW25036712 Report a problem | ||
| 2/23/2025 | Contingent | $7,250,000$129/sqft |
Source: CRMLS #PW25036712 Report a problem | ||
| 2/20/2025 | Listed for sale | $7,250,000$129/sqft |
Source: CRMLS #PW25036712 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 93304
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Nearby schools
GreatSchools rating
- 3/10Planz Elementary SchoolGrades: K-5Distance: 0.4 mi
- 4/10Greenfield Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10South High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$7,211,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$7,211,500
- California
- Kern County
- Bakersfield
- 93304
- 4215 Teal St
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