3415 Terrace Way Bakersfield, CA ^$ 715,000

3415 Terrace Way

^$ 715,000

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3415 Terrace Way

Bakersfield, CA, 93309

^$ 715,000

Studio Baths0.0 Sq 4,272

Monthly Estimate*

^$ 4,461

3415 Terrace Way, Bakersfield, CA 93309 - Image 1

3415 Terrace Way, Bakersfield, CA 93309 - Image 2

Studio

Multi-Family Home for sale in Bakersfield, CA

for $715,000. This 4,272 square foot home was built in 1972.

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.

Multi-Family Pending

Price

^$ 715,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

5 - 10 Units

Year Built

1972

Town/City

Bakersfield

County/Region

Kern

MLS | Web ID

202512240

Features

Exterior

Parking Features Uncovered

Garages 0

Parking 0.00

Lot Size Source (Public Record)

General

Year Built 1972

Neighborhood Curran

Stories Count 2

Property Subtype 5 - 10 Units

Gross Income 75871.00

County Kern

Net Operating Income 36850.00

Property Type Residential Income

Close Price 0.00

Status Pending

High School West

City Bakersfield

Disclosures None of the Above

Number Of Units Total 9

MLS Area 52

Lot Size Units SqFt

Lot Size Square Feet 13939.00

Elementary School Munsey Millie

Middle/Junior High School Curran

Cap Rate 0.05

Internal Only

Street Number 1 3415

* Excluded Features

List By

Marc A Thurston

Listing Agent

Asu Commercial

Broker

thurston@asuassociates.com

Affordability Calculator

$4,461

Per Month

Monthly Principal & Interest: $4,461
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Bakersfield, CA

Average List Price ^$604,249

Percent of Sale Price 15%

About Bakersfield, CA

383,374 Population

50% Since 2002

^$58,566 Median Income

32.94 Median Age

40% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

5233428 Elementary School

5233425 Middle School

West High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/1/2025	$715,000	-8.33%	Price Down
11/20/2025	$780,000	-3.70%	Price Down
10/31/2025	$810,000		Listed Price

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3415 Terrace Way, Bakersfield, CA, 93309 is a Multi-Family Home for sale at $715,000 with 4,272 sqft. 3415 Terrace Way is a studio with 0.0 baths and was built in 1972. The property's zip code is 93309 which is in Bakersfield, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Golden Empire MLS IDX Database. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information from Golden Empire MLS, Inc., as of 12/18/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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3415 Terrace Way

Multi-Family Home for sale in Bakersfield, CA

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