$465,000
SOLD AUG 15, 2025

1017 El Tejon Ave Bakersfield, CA 93308

-- Bed
-- Bath
2,475 Sq Ft
5,663 Sq Ft

Recently Sold

$188 Per Sq Ft

5% Below List Price

6 Days on Market

Highlights

  • Heated Floors
  • Evaporated cooling system
  • 1-Story Property

About This Home

As of August 2025

Offered at $489,000, 1017 El Tejon is a well-located 5-unit apartment building featuring five 1-bedroom, 1-bath units. Built in 1953 and totaling approximately 2,475 square feet, the property is priced at just $97,800 per unitmaking it an attractive entry-level investment. With a gross scheduled income of $54,204 and a 6.13% cap rate based on actual income and new property taxes, this asset offers strong in-place cash flow and upside potential. Ideal for investors seeking steady returns in a manageable, small-scale multifamily property.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 07/11/2025

Last Buyer's Agent

Frank St. Claire

St. Clair Realty License #00958777

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Parking

  • Uncovered Parking

Interior Spaces

  • 2,475 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Beardsley Middle School
  • North High School

Additional Features

  • 5,662 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 11111404

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $54,204
  • Net Operating Income $29,963

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

5,662 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1953
  • Building Stories: 1
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.1300
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2475.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative, Floor/Wall Heater

Schools

  • High School: North
  • Middle Or Junior School: Beardsley

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 5662.00
  • Parcel #: 11111404

Multi Family

  • Total Annual Expense: 23201.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 5
  • Existing Lease Type: Net
  • Annual Gross Income: 54204.00
  • Property Net Operating Income: 29963.00
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2025 08/15/25 Sold $465,000 -4.9% $188 / Sq Ft
07/17/2025 07/17/25 Pending -- -- --
07/11/2025 07/11/25 For Sale $489,000 +196.4% $198 / Sq Ft
11/04/2015 11/04/15 Sold $165,000 -2.4% -- View Prior Sale
10/05/2015 10/05/15 Pending -- -- --
09/09/2015 09/09/15 For Sale $169,000 +53.6% --
12/31/2014 12/31/14 Sold $110,000 -20.9% -- View Prior Sale
12/04/2014 12/04/14 For Sale $139,000 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

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 $6,515 $195,321 $17,755 $177,566
2024 $6,515 $191,492 $17,407 $174,085
2023 $6,283 $187,738 $17,066 $170,672
2022 $5,643 $184,058 $16,732 $167,326
2021 $5,270 $180,450 $16,404 $164,046
2020 $5,005 $178,600 $16,236 $162,364
2019 $4,950 $178,600 $16,236 $162,364
2018 $4,766 $171,666 $15,606 $156,060
2017 $4,604 $168,300 $15,300 $153,000
2016 $3,456 $165,000 $15,000 $150,000
2015 $2,764 $110,000 $15,000 $95,000
2014 $2,118 $56,025 $11,190 $44,835
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202507761

Bakersfield Association of REALTORS® / GEMLS
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