NOT LISTED FOR SALE
-- Bed
-- Bath
9,911 Sq Ft
0.62 Acres

Last Sold February 20, 2020

Last sale price $1,140,000 $115 Per Sq Ft

108 Days on Market

About This Home

As of February 2020

Rare opportunity to acquire 11 units in the 93312 zip code of Bakersfield. 10 of the 11 units have been refurbished in the last 4 years. Significant Repositioning Opportunity for the savvy investor. The property is composed of 3 buildings. All units are 2 bedroom/ 1.5 bath townhouse style renting in the $820-845 range, and feature W/D hookups and enclosed patios. A survey of rental units in the 93312 zip code shows available 2-bedroom units starting at $1095. Also in 93312, residency is at a remarkable 73% owner occupancy and predominate annual household income at $75K to 200K.There is an undeveloped piece of the parcel that exits to Mosasco St.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 10/05/2019

Keller Williams Realty

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 10/05/2019

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.62 Acre Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 9,911 Sq Ft Home
  • 2-Story Property

Schools

  • Rosedale North Elementary School
  • Freedom Middle School
  • Centennial High School

Listing and Financial Details

  • Assessor Parcel Number 45005116

Community Details

Overview

  • 11 Units

Building Details

  • Gross Income $108,540
  • Net Operating Income $74,154

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1980
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 9911.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Centennial
  • Middle Or Junior School: Freedom

Lot Info

  • Lot Size Sq Ft: 27007.00
  • Parcel #: 45005116

Multi Family

  • Total Annual Expense: 34385.00
  • Vacancy Factor: 4.00
  • Number Of Units Total: 11
  • Annual Gross Income: 108540.00
  • Property Net Operating Income: 74154.00

MLS Schools

  • Elementary School: Rosedale North

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/20/2020 02/20/20 Sold $1,140,000 -4.9% $115 / Sq Ft
01/21/2020 01/21/20 Pending -- -- --
10/05/2019 10/05/19 For Sale $1,199,000 -- $121 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21911800

Bakersfield Association of REALTORS® / GEMLS