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3,557 sqft

$585,000

237 Dr Martin Luther King Jr, Bakersfield CA, 93307

Price per sqft$164.46
Built in1983
Property size3,557 sqft
Property typeMulti-family

Overview

Active

Listed Aug 24, 2026

Updated 3 weeks ago

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.

$3,892/mo

Est. mortgage payment based on a $585,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SR26185517

Interior Features

Basement
No

Exterior Features

Lot Size
0.17 Acres

Other Property Details

55+/Senior Community
No

Also listed on CLAW

Listed by Veronica Alcazar, eXp Realty of Greater Los Angeles, Inc., CA DRE 01254201

Listing Contact: 818-472-2168 

Based on information from the CRISNet MLS as of 9/25/2026, 3:49 AM UTC. 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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