404 Covey Avenue Bakersfield, CA 93308

Multi-Family (2-4 Units) MLS #: 202502977 Courtesy Of Keller Williams Realty Bakersfield

$674,900

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Estimated monthly payments: $2,950/mo.* (recalculate)

Property InformationDescription

3 unit property newly built in Fall 2024, with LOW LOW expenses. Each unit is a detached dwelling with 3 bedrooms/1.5 bathrooms renting from $1550-1700, all on 1-year leases, with their own laundry room and dedicated parking for 2 cars next to their home. Solid tenants on leases. Tile roofs. PAID solar means tenants get power credit and very low electric bills. Tenants PAY WATER. Granite countertops, central island, and built-in MW, stove, DW in kitchen. Builder used DURABLE materials for LOW maintenance. Faux wood ceramic tile flooring throughout. IMAGINE having almost no repairs/maintenance calls for years to come. IMAGINE tenants that will never leave because they have a beautifully finished home with everything brand new, and have tiny electric bill and tiny water bill ($36/mth fixed rate!!) IMAGINE 6.1% cap rate on almost brand-new building: 404 Covey Ave will be the best property in your portfolio.
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Features

  • Age: 1-5 Years Old

MAP & DIRECTIONS

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404 Covey Avenue, Bakersfield, CA 93308
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School Information

404 Covey Avenue, Bakersfield, CA 93308

Elementary School
Grades KG-6 | Public School
BEARDSLEY ELEMENTARY SCHOOL
Bakersfield, CA 93308
1001 Roberts Ln
661.­392.1417
Distance: 0.3 mi
School Rating
D
Student:Teacher Ratio
19:1
Total Students
391
Middle School
Grades 7-8 | Public School
BEARDSLEY JUNIOR HIGH SCHOOL
Bakersfield, CA 93308
1001 Roberts Ln
661.­392.9254
Distance: 0.3 mi
School Rating
C-
Student:Teacher Ratio
27:1
Total Students
402
High School
Grades 9-12 | Public School
NORTH HIGH SCHOOL
Bakersfield, CA 93308
300 Galaxy Ave
661.­399.3351
Distance: 1.5 mi
School Rating
C-
Student:Teacher Ratio
25:1
Total Students
2020
Other Nearby Schools Distance Type Grades School Rating
Golden State Baptist Schools 0.5 mi Private 1-11
North Beardsley Elementary School 0.6 mi Public KG-6 D
Standard Middle School 1.0 mi Public 6-8 C-
Wingland Elementary School 1.1 mi Public KG-5 C-
Standard Elementary School 1.1 mi Public KG-5 D-
San Lauren Elementary School 1.5 mi Public KG-6 C
Valley Oaks Charter 1.5 mi Public KG-12 B-
Stella Hills Elementary School 1.6 mi Public KG-6 D-
Highland Elementary School 1.9 mi Public KG-5 C
Our Lady Of Perpetual Help School 2.2 mi Private PK-8
Lifehouse Christian Academy 2.2 mi Private PK-11
Lifehouse Christian Academy 2.2 mi Private PK-9
Olive Knolls Christian School 2.3 mi Private PK-8
Little Red School House 2.3 mi Private KG
Longfellow Elementary School 2.4 mi Public KG-6 D
Franklin Elementary School 2.5 mi Public KG-6 B-
Downtown Elementary School 2.5 mi Public KG-8 A-
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

Demographic Data

Bakersfield, CA 93308

Median Age: 38.8
Married: 42%
Number of Households: 20,463
Households with Children: 32.1%
  • Occupancy Types
    • 0 Vacant
    • 0 Owned
    • 0 Rented
  • Transportation to Work
    • 0 Drive
    • 0 Public Transportation
    • 0 Walk / Bike / Other
    • 0 Work at Home
Copyright © 2025 Bakersfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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.