$640,000

Estimated payment $4,094/month

Total Views 19,240
-- Bed
-- Bath
3,800 Sq Ft
$168 Price per Sq Ft

About This Home

A large fourplex built in 1988, featuring (4) 3bd/1ba units. All units have been updated within the past five years with modern laminate flooring and smooth skim-coated, freshly painted walls.Two units also feature granite kitchen countertops for added appeal.The property is fully occupied and currently generates $5,360 per month in gross rental income.Rents range from $1,300 to $1,400 per unit, with upside potential to reach $1,500/month.Exterior improvements include newly replaced staircases and handrails on both the front and rear of the building, boosting both safety and curb appeal.The two ground-level units enjoy private, fenced yards with upgraded security gates with keypad access. A security gate has also been installed at the rear of the property, where tenants enjoy gated parking,two designated spaces per unit.This asset offers strong in-place cash flow and potential for increased income, making it a smart addition to any investor's portfolio.

Listing Agent

Nicholas Sibley

Central Valley Property Adviso License #02197083 Listed on: 07/10/2025

Co-Listing Agent

Eric Van Denk

Central Valley Property Adviso License #02071696

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,584

Year Built

  • Built in 1988

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Car Parking Spaces
  • Uncovered Parking

Schools

  • Longfellow Elementary School
  • Washington Middle School
  • East High School

Additional Features

  • 6,098 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 01535012

Community Details

Overview

  • 4 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $160,000
  • Net Operating Income $41,808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,584

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1988
  • Building Stories: 2
  • Deposit Amount Required: 7000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.1400
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3800.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 8.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: East
  • Middle Or Junior School: Washington

Lot Info

  • Zoning Description: R4
  • Lot Size Sq Ft: 6098.00
  • Parcel #: 01535012

Multi Family

  • Total Annual Expense: 22512.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 160000.00
  • Property Net Operating Income: 41808.00

MLS Schools

  • Elementary School: Longfellow

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $6,584 $349,535 $53,609 $295,926
2023 $6,427 $342,682 $52,558 $290,124
2022 $6,242 $335,964 $51,528 $284,436
2021 $5,855 $329,377 $50,518 $278,859
2020 $5,112 $275,706 $52,020 $223,686
2019 $5,014 $275,706 $52,020 $223,686
2018 $4,849 $260,100 $36,414 $223,686
2017 $4,813 $255,000 $35,700 $219,300
2016 $4,121 $217,692 $20,710 $196,982
2015 $4,082 $214,423 $20,399 $194,024
2014 $3,954 $210,224 $20,000 $190,224
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 For Sale $640,000 +96.3% $168 / Sq Ft
03/12/2020 03/12/20 Sold $326,000 +2.2% $86 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/12/2020 01/12/20 For Sale $319,000 +20.4% $84 / Sq Ft
05/01/2018 05/01/18 Sold $265,000 0.0% $70 / Sq Ft
04/01/2018 04/01/18 Pending -- -- --
02/05/2017 02/05/17 For Sale $265,000 +6.0% $70 / Sq Ft
02/12/2016 02/12/16 Sold $250,000 0.0% $66 / Sq Ft
01/13/2016 01/13/16 Pending -- -- --
09/18/2015 09/18/15 For Sale $250,000 +18.9% $66 / Sq Ft
09/27/2013 09/27/13 Sold $210,225 -8.6% $55 / Sq Ft
08/28/2013 08/28/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $230,000 -- $61 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Placer Title Company
Grant Deed $326,000 Placer Title Company
Grant Deed $265,000 Chicago Title Co
Grant Deed $250,000 Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed -- Investors Title Company
Grant Deed $210,500 Chicago Title Company
Grant Deed -- Ticor Title Company Of Ca
Interfamily Deed Transfer -- First American Title Company
Grant Deed $109,000 First American Title Company
Interfamily Deed Transfer -- First American Title
Grant Deed $380,000 First American Title
Grant Deed $130,000 American Title Co
Grant Deed $45,000 Stewart Title
Grant Deed -- Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $244,500 New Conventional
Previous Owner $198,750 New Conventional
Previous Owner $245,471 FHA
Previous Owner $330,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $54,500 Future Advance Clause Open End Mortgage
Previous Owner $350,000 Unknown
Previous Owner $38,000 Stand Alone Second
Previous Owner $304,000 Fannie Mae Freddie Mac
Previous Owner $170,000 Stand Alone First
Previous Owner $111,500 Unknown
Previous Owner $104,000 No Value Available
Previous Owner $33,750 No Value Available
Previous Owner $15,500 Seller Take Back
Closed $3,500 No Value Available
Closed $13,000 No Value Available
Source: Public Records

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Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202507752

Bakersfield Association of REALTORS® / GEMLS

APN: 015-350-12-00-5