The Chateau Villa Apartments
Type: Multifamily
420-426 South Real Road Bakersfield, CA 93309
Status:
Sold
Close of Escrow: 11/21/2025
Total Number of Units: 64
Year Built: 1963
Sale Price: $7,100,000
Price per Unit: $110,938
Price per Square Foot: $153.10
CAP Rate: 8.04%
GRM: 8.72
Downpayment: $4,250,000
Net Operating Income: $619,917
Rentable Square Feet: 46,376
Lot Size: 3.17
Unit Type
2B1B
2B1B(LRG)
No. of Units
52
12
Le Investment Group is proud to present The Chateau Villa Apartments at 420-426 South Real Road, Bakersfield, CA—a unique and well-maintained multifamily investment opportunity, offering 64 spacious two-bedroom units in one of Bakersfield’s most desirable rental markets. Built in 1963, this 15-building community seamlessly blends classic mid-century architecture with modern enhancements, delivering both aesthetic appeal and long-term operational efficiency. Every unit is designed with spacious living areas, ample storage, and private balconies or patios in select units, ensuring a comfortable and functional living environment. With a mix of standard and upgraded layouts, the property appeals to families, young professionals, and long-term renters seeking affordability and quality in Bakersfield’s growing rental market.
