NOT LISTED FOR SALE
-- Bed
-- Bath
4,500 Sq Ft
6,098 Sq Ft Lot

Last Sold August 07, 2024

Last sale price $650,000 $144 Per Sq Ft

1 Day on Market

About This Home

As of August 2024

1004 C Street -This 5-plex is in the Oleander neighborhood of Bakersfield which is in the Central submarket. Oleander is a residential neighborhood that consists of starter homes all the way up to turn-of-the-century estate size homes along with a variety of small multifamily properties. This property consists of 5 - 3-bedroom / 1.5 bath townhomes. Built in 1975, the building features large units plus a small laundry room. The rents range from $832 to the most recent move-in at $1200. There is upside in value through rent growth with this building.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 07/15/2024

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 07/15/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 6,098

Parking

  • Uncovered Parking

Home Design

  • Flat Roof Shape
  • Composition Roof

Interior Spaces

  • 4,500 Sq Ft Home
  • 2-Story Property

Schools

  • Penn Elementary School
  • Curran Middle School
  • Bakersfield High School

Additional Features

  • 6,098 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00710224

Community Details

Overview

  • 5 Units
  • West Park Subdivision

Building Details

  • Gross Income $57,168
  • Net Operating Income $30,595

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1975
  • Building Stories: 2
  • Deposit Amount Required: 5000.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.1400
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4500.00

Exterior Features

  • Roof: Composition, Flat
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Curran

Lot Info

  • Zoning Description: r2
  • Lot Size Sq Ft: 6098.00
  • Parcel #: 00710224

Multi Family

  • Total Annual Expense: 24908.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 5
  • Existing Lease Type: Net
  • Annual Gross Income: 57168.00
  • Property Net Operating Income: 30595.00

MLS Schools

  • Elementary School: Penn, William

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2024 08/07/24 Sold $650,000 -3.7% $144 / Sq Ft
07/17/2024 07/17/24 Pending -- -- --
07/15/2024 07/15/24 For Sale $675,000 -- $150 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202406974

Bakersfield Association of REALTORS® / GEMLS