3415 TERRACE WAY, Bakersfield, CA 93309
Local realty services provided by:CENTURY 21 Jordan-Link
3415 TERRACE WAY,Bakersfield, CA 93309
$715,000
- - Beds
- - Baths
- 4,272 sq. ft.
- Multi-family
- Active
Listed by: marc thurston
Office: asu commercial
MLS#:202512240
Source:BF
Price summary
- Price:$715,000
- Price per sq. ft.:$167.37
About this home
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.
Contact an agent
Home facts
- Year built:1972
- Listing ID #:202512240
- Added:45 day(s) ago
- Updated:December 16, 2025 at 03:28 PM
Rooms and interior
- Living area:4,272 sq. ft.
Structure and exterior
- Year built:1972
- Building area:4,272 sq. ft.
- Lot area:0.32 Acres
Schools
- High school:West
- Middle school:Curran
- Elementary school:Munsey, Millie
Finances and disclosures
- Price:$715,000
- Price per sq. ft.:$167.37
New listings near 3415 TERRACE WAY
- New
$379,400Active3 beds 2 baths1,239 sq. ft.8510 MAINSAIL DRIVE, Bakersfield, CA 93312
MLS# 202513472Listed by: REAL BROKER - New
$525,000Active5 beds 3 baths2,055 sq. ft.9415 MEADOW FALLS DRIVE, Bakersfield, CA 93311
MLS# 202513584Listed by: COLDWELL BANKER FRONTIER - New
$260,000Active3 beds 2 baths1,404 sq. ft.0 1700 AIRPORT DR, Bakersfield, CA 93308
MLS# 202513579Listed by: KELLER WILLIAMS STUDIO CITY - New
$429,000Active3 beds 2 baths1,525 sq. ft.4624 HARRIS ROAD, Bakersfield, CA 93313
MLS# 202513582Listed by: 661 REALTY - New
$310,000Active4 beds 2 baths1,790 sq. ft.2901 BERKELEY STREET, Bakersfield, CA 93305
MLS# 202512644Listed by: THE GARZA GROUP- EMERGE REAL ESTATE - New
$125,900Active2 beds 2 baths1,248 sq. ft.8536 KERN CANYON ROAD #184, Bakersfield, CA 93306
MLS# 202513525Listed by: EV & COMPANY REAL ESTATE GROUP - New
$350,000Active40.15 Acres0 10836 LOT:8LOT8 RECORDER'S MAP, Bakersfield, CA 93307
MLS# 202513575Listed by: KELLER WILLIAMS STUDIO CITY - New
$899,900Active4 beds 4 baths3,208 sq. ft.13830 EBERLE ROAD, Bakersfield, CA 93313
MLS# 202513578Listed by: COLDWELL BANKER PREFERRED, REALTORS - New
$289,999Active3 beds 1 baths1,303 sq. ft.2016 AIRPORT DRIVE, Bakersfield, CA 93308
MLS# 202513580Listed by: LPT REALTY. INC. - New
$384,000Active4 beds 2 baths1,903 sq. ft.5910 VERDANT HILLS COURT, Bakersfield, CA 93313
MLS# 202513581Listed by: 661 REALTY
Protect your home and budget with an American Home Shield© home warranty. Learn more©2025 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.