401 Niles Street

Bakersfield, CA 93305

$550,000
Price
8
Beds
4
Baths
2,977 Sq. Ft.
$185 / Sq. Ft.
2,977
Sq. Ft.
$185
per Sq. Ft.

Description

Great property investment fourplex locates in central Bakersfield. Each unit consists of 2 spacious Bedrooms, 1 bath each, and it's all on one level. Comfortable and practical interior layout. Four units remodeled one by one in between 2022 through 2024. Priced to sell fast! Closs to public transportation, school, parks and restaurants. Each unit has separately electricity and gas meters. Responsible tenants, who always pay on time. Owner pays water and trash. Buyers to do their due diligence and...Great property investment fourplex locates in central Bakersfield. Each unit consists of 2 spacious Bedrooms, 1 bath each, and it's all on one level. Comfortable and practical interior layout. Four units remodeled one by one in between 2022 through 2024. Priced to sell fast! Closs to public transportation, school, parks and restaurants. Each unit has separately electricity and gas meters. Responsible tenants, who always pay on time. Owner pays water and trash. Buyers to do their due diligence and investigations.
  1. Listed by WEI CHENG • DRE #01801136 • Brokerage DRE #01983717 • IRN REALTY • 626-340-1178

Property Details for 401 Niles Street

Parking Spaces Total
0
Private Pool
No
Total Units
4.0
Lot Size Source
See Remarks
Property Attached YN
true
Common Walls
1 Common Wall
New Construction
No
Average Studio Area Units
Square Feet
LISTING UPDATED: 01/28/2025 10:39 PM

Property Details for 401 Niles Street

StatusActive
MLS #WS25017921
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1969
Lot Size0.17 AC / 7,523 SF
CountyKern County

Building Information for 401 Niles Street

Stories1Residences-Year Built1969Building Size-Lot Size0.17 AC / 7,523 SF

Property Information for 401 Niles Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $47,904
  • Net Operating Income: $35,696
Expense Details
  • Operating Expense: $12,208
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,244
  • Professional Management Expense: $2,400
  • Trash Expense: $258
  • Water Sewer Expense: $1,000
  • Total Expenses: $4,902
Tax / Assessment Info
  • Tax Block: 22
  • Tax Tract Number: 001330
  • Tax Lot: 1516
Community / Development
Community / Development
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: front door
  • Pool Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Land Lease: No
  • Levels: One
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,059
  • Unit Type Total Rent: $1,059
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $1,059
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $950
  • Unit Type Total Rent: $1,059
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,033
  • Unit Type Total Rent: $1,033
  • Unit Type Pro Forma: 1300
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 401 Niles Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 401 Niles Street

Taxable ValueLand$93,636Additions$317,322Total$410,958
Tax Record2023$7,137 ($595 / month)
Home Facts
Total Finished SqFt2,977 SqFtAbove Grade Finished SqFt2,977 SqFtStories1Lot Size7,405 SqFtStyleQuadraplexYear Built1969ZoningR-3CountyKERNAPN014-070-01-00-5

Schools near 401 Niles Street

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 7 to 8
Rating
School
Distance
Longfellow Elementary School
PublicK to 6

Washington Middle School
Public6 to 8

Bakersfield High School
Public9 to 12

Abraham Lincoln Jr. High
Public7 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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401 Niles Street is a multi-family home for sale in Bakersfield, CA 93305. This property was listed for sale on January 28, 2025 by IRN REALTY, it's currently listed at $550,000. It has been on the market for a total of 25 days and was last sold on February 1, 2022. This listing's school districts are Kern Union High School District, Bakersfield City School District. Nearby schools include Longfellow Elementary School, Washington Middle School and Bakersfield High School. 401 Niles Street is a 8-bed, 4-bath, 2,977 sqft multi-family home built in 1969.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of IRN REALTY

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.