3415 TERRACE WAY, Bakersfield, CA 93309

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
3415 TERRACE WAY,Bakersfield, CA 93309
$715,000
  • - Beds
  • - Baths
  • 4,272 sq. ft.
  • Multi-family
  • Pending
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.

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Home facts

  • Year built:1972
  • Listing ID #:202512240
  • Added:103 day(s) ago
  • Updated:February 11, 2026 at 08:12 AM

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
“nformationdeemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2026.

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