3415 Terrace Way, Bakersfield, CA 93309

Property Description

Excellent investment opportunity in Southwest Bakersfield! 3415 Terrace Way is a 9-unit apartment complex built in 1972, featuring all studio units totaling approximately 4,272 sq. ft. and situated on a quiet cul-de-sac served by septic systems. Current rents range from $528 to $900, generating a gross scheduled income of $75,960 per year, with significant upside potential as rents are well below the submarket average of $1058 for studios/lofts. Offered at $715,000 (just $79,444 per unit), this property is an attractive value-add opportunity in an established Bakersfield rental market.