2801 Morin Court, Bakersfield, CA 93304
Local realty services provided by:ERA North Orange County Real Estate
2801 Morin Court,Bakersfield, CA 93304
$695,000
- 8 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: rockie mitchell
Office: exp realty of california inc
MLS#:AR26187823
Source:San Diego MLS via CRMLS
Price summary
- Price:$695,000
About this home
INVESTMENT OPPORTUNITY: Well-maintained 4-plex in Southwest Bakersfield's desirable Wible Orchard neighborhood. Built in 1985, this 2-story quadruplex sits on a quiet cul-de-sac with an 8,079 sq ft lot. Three units are currently occupied with established tenants. One fully furnished unit has been successfully used as a seasonal rental. You have the option to rent it out or make it an owner-occupied unit. This flexibility makes it attractive for short-term workers, corporate housing, or long-term tenants. Please note: Furniture is not included in the sale of the property, but it can be negotiated. All units are currently occupied. Location Advantages: Located in a growing neighborhood just south of downtown Bakersfield, with three shopping centers within 0.8 miles, diverse dining options on New Stine Road and California Avenue, nearby parks, and proximity to Cal State Bakersfield and Bakersfield College. Gross Scheduled Income (GSI) $58,920 Less: Projected Vacancy / Credit Loss (5%) ($2,946) Gross Operating Income (GOI) $55,974 Property Taxes $9,304 Water (estimated $200/month) $2,400 Utilities $1,107 Trash $173 Pest Control $600 Landscaping $830 Insurance $2,145 Internet / Wi-Fi $211 Estimated Routine Maintenance $3,000 Total Operating Expenses $19,770 PROJECTED NET OPERATING INCOME $36,204 Asking Price $695,000 PROJECTED CAPITALIZATION RATE 5.21%...
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Home facts
- Listing ID #:AR26187823
- Added:55 day(s) ago
- Updated:October 21, 2026 at 02:34 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$695,000
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