237 Dr Martin Luther King Jr, Bakersfield, CA 93307

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Beds

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Baths

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Sq ft

About this home

Excellent 4-unit investment opportunity with all units currently occupied and generating $58,044 in gross annual income. The property was remodeled in 2022 and features a desirable mix of two 2-bedroom units and two 3-bedroom units. Unit A is 2/1, unit B is 3/1, unit C is 2/1.5, and unit D is 3/1.5.Unit C could be sold vacant or re-rented at current market. Improvements include granite countertops, tile flooring, LVT stair flooring in Units C and D, interior laundry in each unit, private patios, and designated on-site parking. Newer A/C units were installed in 2021, and a concrete block perimeter wall with wrought-iron gates was added in 2022. An attractive opportunity for an investor seeking a fully occupied multifamily property with substantial recent improvements or an FHA buyer looking to live in one unit and rent out the other three units.

Type

Quadruplex

Year built

1983

Lot

7,535 sq ft

Garage

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HOA

None

Pool

View

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Solar

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Estimated payment

$3,689/mo

Principal & interest$2,958
Property tax (est.)$561
Home insurance (est.)$171

Down payment: 20% ($117,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Veronica Alcazar, eXp Realty of Greater Los Angeles, Inc., 818-472-2168. MLS# SR26185517. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 10:29 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.