NOT LISTED FOR SALE

105 Hughes Ave Bakersfield, CA 93308

1 Bed
2 Baths
3,055 Sq Ft
1930 Built

Last Sold September 05, 2016

Last sale price $410,000 $134 Per Sq Ft

92 Days on Market

Highlights

  • No Units Above
  • Fireplace in Bathroom
  • No HOA

About This Home

As of September 2016

Cash cow! Fully rented! Room to raise rents! Great and rare 9 total units with 3 different buildings. There is 1 studio, and 8 units of 1 bedroom/1 bath.
Owner spent a lot of money upgrading the roof, electric meters, plumbing, electric, landscaping, new privacy fence, paint and so much more.
TWO TENANTS IN FRONT HAVE A LARGE PRIVATE YARD, FEELS LIKE A HOUSE.
FULLY OCCUPIED, LONG TERM TENANTS. Tenants pay electric and gas. GREAT INCOME PROPERTY.
GREAT PRICE FOR 9 UNITS.

Last Agent to Sell the Property

Simone Leibovici

Simone Leibovici License #01165336 Listed on: 04/16/2016

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 10,515 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,055 Sq Ft Home
  • Living Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms
  • Fireplace in Bathroom

Location

  • Urban Location

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 9
  • Assessor Parcel Number 1180930200

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 9 Units

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 3 Separate Water Meters
  • Electric Expense $840
  • Insurance Expense $3,650
  • Maintenance Expense $1,300
  • Professional Management Expense $1,500
  • Trash Expense $1,836
  • Water Sewer Expense $2,193
  • New Taxes Expense $5,312
  • Gross Income $4,680
  • Net Operating Income $39,529

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

10,515 Sq Ft Lot

Parking

4

Listing Details

  • Professional Management Expense: 1500.00
  • Property Attached: Yes
  • Water Sewer Expenses: 2193.00
  • Property Type: Residential Income
  • Parcel Number: 1180930200
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, No One Above
  • Fireplace Features: Bath, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 134.21

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1836.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Urban

Lot Info

  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 10515.00
  • Price Per Lot Square Foot: 40.42

Multi Family

  • Electric Expense: 840.00
  • Gross Income: 4680.00
  • Gross Scheduled Income: 56160.00
  • Insurance Expense: 3650.00
  • Maintenance Expense: 1300.00
  • Net Operating Income: 39529.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 9
  • Operating Expense: 16631.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5312.00
  • Tax Lot: 9
  • Tax Tract Number: 9
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2016 09/05/16 Sold $410,000 -3.5% $134 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
04/16/2016 04/16/16 For Sale $425,000 +70.0% $139 / Sq Ft
07/13/2012 07/13/12 Sold $250,000 -10.7% $82 / Sq Ft View Prior Sale
06/13/2012 06/13/12 Pending -- -- --
03/22/2012 03/22/12 For Sale $279,900 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $12,013 $426,680 $29,581 $397,099
2024 $12,013 $418,314 $29,001 $389,313
2023 $11,536 $410,113 $28,433 $381,680
2022 $10,917 $402,073 $27,876 $374,197
2021 $10,256 $394,190 $27,330 $366,860
2020 $9,729 $390,149 $27,050 $363,099
2019 $9,610 $390,149 $27,050 $363,099
2018 $10,685 $375,000 $26,000 $349,000
2017 $9,414 $294,690 $21,124 $273,566
2016 $5,515 $288,912 $20,710 $268,202
2015 $5,428 $284,573 $20,399 $264,174
2014 $5,320 $279,000 $20,000 $259,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR16090847

California Regional Multiple Listing Service (CRMLS)
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