NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: March 24, 2016

Last sale price $525,000

126 Days on Market

About This Home

As of March 2016

All units rented and ready to start collecting rent from day 1. This 12 unit apartment complex features 1 bedroom, 1 bathroom units w/separate dining and kitchen areas. Large courtyard that is gated with wrought iron gate, plenty of parking and laundry room that produces income every month, large 4 room storage area. The property has been owner managed for 25 years and features updated plumbing and electrical updates. This is a great investment opportunity for any savvy investor looking to add to their portfolio. Cap rate of 9.79%. Please see attached financial statement.

Last Agent to Sell the Property

Jason Rodriguez

LPT Realty, Inc. License #01825023 Listed on: 10/20/2015

LPT Realty, Inc.

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 0.52

Parking

  • 12 Car Parking Spaces
  • Uncovered Parking

Additional Features

  • 1-Story Property
  • 22,565 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 01422010

Community Details

Overview

  • 12 Units

Building Details

  • Gross Income $81,600
  • Net Operating Income $60,342

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0.52 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1925
  • Building Stories: 1
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 12.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater,Other

Lot Info

  • Lot Size Sq Ft: 22565.00
  • Parcel #: 01422010

Multi Family

  • Total Annual Expense: 21258.00
  • Vacancy Factor: 0.05
  • Number Of Units Total: 12
  • Annual Gross Income: 81600.00
  • Property Net Operating Income: 60342.00
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

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
03/24/2016 03/24/16 Sold $525,000 -4.5% --
02/23/2016 02/23/16 Pending -- -- --
10/20/2015 10/20/15 For Sale $550,000 -- --
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 $11,049 $621,485 $181,117 $440,368
2024 $11,049 $609,300 $177,566 $431,734
2023 $10,765 $597,354 $174,085 $423,269
2022 $10,471 $585,642 $170,672 $414,970
2021 $9,823 $574,160 $167,326 $406,834
2020 $9,598 $568,274 $165,611 $402,663
2019 $9,459 $568,274 $165,611 $402,663
2018 $9,289 $546,209 $159,181 $387,028
2017 $9,268 $535,500 $156,060 $379,440
2016 $4,852 $189,583 $69,925 $119,658
2015 $4,805 $186,736 $68,875 $117,861
2014 $4,689 $183,079 $67,526 $115,553
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21512644

Bakersfield Association of REALTORS® / GEMLS
Your Personal Tour Guide

Ask me questions while you tour the home.