NOT LISTED FOR SALE
-- Bed
-- Bath
7,800 Sq Ft
10,228 Sq Ft Lot

Sale Details

Date Sold: May 27, 2016

Last sale price $490,000 $63 Per Sq Ft

60 Days on Market

About This Home

As of May 2016

Outstanding investment opportunity. 8 unit apartment complex all town houses. Each has 2 bedroom, 1.5 bathroom, 2 car garage, AC, laundry hookups inside units and balconies. Newer plumbing and sewer line along with water heaters and a lot more upgrades. Very spacious and convenient location of Downtown by Memorial hospital and Bakersfield College, easy access to freeway 99 and Hwy 178. Fully occupied with long term tenant, strong cash flow, low maintenance. A must see investment to add to your portfolio.

Last Agent to Sell the Property

Shahabeddin Drakhshandeh

Unknown Broker License #01927837 Listed on: 02/27/2016

Last Buyer's Agent

Shahabeddin Drakhshandeh

Unknown Broker License #01927837 Listed on: 02/27/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 10,228 Sq Ft Lot

Parking

  • 8 Car Garage

Interior Spaces

  • 7,800 Sq Ft Home
  • 1-Story Property

Schools

  • Hills Elementary School
  • Emerson Middle School
  • Valley High School

Listing and Financial Details

  • Assessor Parcel Number 00206108

Community Details

Overview

  • 8 Units

Building Details

  • Gross Income $67,200
  • Net Operating Income $54,427

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

10,228 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1985
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 7800.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 10.00
  • Parking Features: Garage
  • Garages: 8

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Valley
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 10228.00
  • Parcel #: 00206108

Multi Family

  • Total Annual Expense: 12773.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 8
  • Annual Gross Income: 67200.00
  • Property Net Operating Income: 54427.00

MLS Schools

  • Elementary School: Hills, Stella

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2016
Closed on
Apr 7, 2016
Sold by
Bought by
Seller's Agent
Shahabeddin Drakhshandeh
Unknown Broker
Buyer's Agent
Shahabeddin Drakhshandeh
Unknown Broker
List Price
$524,900
Sold Price
$490,000
Premium/Discount to List
-$34,900
-6.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
0.0358%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2014
Sold by
Bought by

Purchase Details

Closed on
Dec 10, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
0.0387%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 1, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,626
Interest Rate
0.0642%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
0.0548%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$490,000 Chicago Title Company
$415,000 Ticor Title Company
-- First American Title
-- Chicago Title Company
$555,000 Chicago Title Company
$625,000 Ticor Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $430,000
Previous Owner $380,000
Previous Owner $20,000
Previous Owner $463,626
Previous Owner $469,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $490,000 -6.6% $63 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
02/27/2016 02/27/16 For Sale $524,900 -- $67 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,816 $580,054 $41,429 $538,625
2024 $9,816 $568,681 $40,617 $528,064
2023 $9,576 $557,531 $39,821 $517,710
2022 $9,330 $546,600 $39,041 $507,559
2021 $8,868 $535,883 $38,276 $497,607
2020 $8,714 $530,389 $37,884 $492,505
2019 $8,584 $530,389 $37,884 $492,505
2018 $8,426 $509,796 $36,414 $473,382
2017 $8,405 $499,800 $35,700 $464,100
2016 $7,017 $421,328 $30,457 $390,871
2015 $5,523 $287,401 $31,352 $256,049
2014 $5,373 $281,772 $30,738 $251,034
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21602462

Bakersfield Association of REALTORS® / GEMLS
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