NOT LISTED FOR SALE

Estimated Value: $379,000 - $536,000

2 Beds
1 Bath
3,328 Sq Ft
$137/Sq Ft Est. Value

Last Sold July 26, 2017

Last sale price $240,000 $72 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $2,863/month

About This Home

As of July 2017

Great Investment Opportunity! this 4 plex has good cash flow. all units are 2 bedrooms 1 bath. add this to your portfolio and sit back and collect.

Last Agent to Sell the Property

Victor Vazquez

LPT Realty, Inc. License #01435318 Listed on: 05/09/2017

Last Buyer's Agent

Robert Morris

Watson Realty License #01440437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,621

Year Built

  • Built in 1973

Lot Details

  • 6,779 Sq Ft Lot

Interior Spaces

  • 3,328 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 01523002

Community Details

Overview

  • 4 Units
  • City Bakersfield Subdivision

Building Details

  • Gross Income $30,780
  • Net Operating Income $25,740

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,621

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1973
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3328.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 6779.00
  • Parcel #: 01523002

Multi Family

  • Total Annual Expense: 5040.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 30780.00
  • Property Net Operating Income: 25740.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2017
Closed on
Jul 7, 2017
Sold by
De La O Llc
Bought by
Wong Jeffrey Chun Hung
Seller's Agent
Victor Vazquez
LPT Realty, Inc.
Buyer's Agent
Robert Morris
Watson Realty
List Price
$240,000
Sold Price
$240,000
Current Estimated Value
$456,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,716
Avg. Annual Appreciation
8.10%
Original Mortgage
$180,000
Outstanding Balance
$149,550
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$307,166

Purchase Details

Closed on
May 11, 2017
Sold by
Varela Concepcion M and Mapula Ruben De La O
Bought by
De La O Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$149,550
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$307,166

Purchase Details

Closed on
May 25, 2016
Sold by
Varela Concepcion M
Bought by
Varela Concepcion M and Delao Mapula Ruben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2011
Sold by
Delao Ruben
Bought by
Avila Concepcion M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,088
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 1, 2011
Sold by
Welsh Edward M and Edward M Welsh Revocable Trust
Bought by
Avila Concepcion M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,088
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 15, 2009
Sold by
Cervantes Antonio and Cervantes Blanca
Bought by
Gmac Mortgage Llc and Gmac Mortgage Corporation

Purchase Details

Closed on
Oct 5, 2006
Sold by
Cervantes Antonio and Cervantes Blanca
Bought by
Cervantes Antonio and Cervantes Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
3%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 31, 2004
Sold by
Gmac Mortgage Llc
Bought by
Welsh Edward M and Edward M Welsh Revocable Trust

Purchase Details

Closed on
Aug 10, 2004
Sold by
Cusguen Marco
Bought by
Cervantes Antonio and Cervantes Blanca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,200
Interest Rate
4.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2004
Sold by
Ariaz Esperanza
Bought by
Cusguen Marco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,850
Interest Rate
5.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 7, 2004
Sold by
Ariaz Esperanza and Ariaz Joseph L A
Bought by
Ariaz Esperanza

Purchase Details

Closed on
Jun 1, 2001
Sold by
Ariaz Esperanza
Bought by
Ariaz Esperanza and Ariaz Joseph L A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,700
Interest Rate
7.14%

Purchase Details

Closed on
May 29, 2001
Sold by
Ramos Abel Antonio and Ramos Ernestine
Bought by
Ariaz Esperanza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,700
Interest Rate
7.14%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wong Jeffrey Chun Hung $240,000 Placer Title Company
De La O Llc -- None Available
Varela Concepcion M -- Placer Title Company
Avila Concepcion M -- Stewart Title Of California
Avila Concepcion M $133,500 Stewart Title Of California
Gmac Mortgage Llc $110,925 None Available
Cervantes Antonio -- Fidelity National Title Co
Welsh Edward M $119,000 Fidelity National Title Co
Cervantes Antonio $329,000 Chicago Title
Cusguen Marco $54,500 Chicago Title
Ariaz Esperanza -- --
Ariaz Esperanza -- Stewart Title
Ariaz Esperanza -- Stewart Title
Ariaz Esperanza $63,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Jeffrey Chun Hung $180,000
Previous Owner Varela Concepcion M $154,000
Previous Owner Avila Concepcion M $130,088
Previous Owner Cervantes Antonio $328,000
Previous Owner Cervantes Antonio $263,200
Previous Owner Cusguen Marco $41,850
Previous Owner Ariaz Esperanza $42,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2017 07/26/17 Sold $240,000 0.0% $72 / Sq Ft
06/26/2017 06/26/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $240,000 -- $72 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

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
2025 $5,621 $273,073 $56,889 $216,184
2024 $5,621 $267,720 $55,774 $211,946
2023 $5,481 $262,472 $54,681 $207,791
2022 $5,309 $257,326 $53,609 $203,717
2021 $4,932 $252,281 $52,558 $199,723
2020 $4,798 $249,696 $52,020 $197,676
2019 $4,706 $249,696 $52,020 $197,676
2018 $4,607 $240,000 $50,000 $190,000
2017 $3,372 $143,936 $21,643 $122,293
2016 $3,186 $141,115 $21,219 $119,896
2015 $3,147 $138,997 $20,901 $118,096
2014 $3,049 $136,275 $20,492 $115,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21705301

Bakersfield Association of REALTORS® / GEMLS

APN: 015-230-02-00-1