NOT LISTED FOR SALE
-- Bed
-- Bath
3,388 Sq Ft
7,405 Sq Ft Lot Lot

Sale Details

Date Sold: February 9, 2024

Last sale price $490,000 $145 Per Sq Ft

6 Days on Market

About This Home

As of February 2024

Where else can you find a cash flowing asset for under 100k per door! 5 units 2 bed 1 bath! Jump on this fantastic opportunity to own an investment property that will cash flow from the first day you own it. Do not wait as this opportunity will pass you up! Pro-forma rents are nearly $1100 per door!

Last Agent to Sell the Property

Joseph Skracic

Benchmark Real Estate Group License #02144352 Listed on: 01/25/2024

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 3,388 Sq Ft Home
  • 1-Story Property

Schools

  • Williams Bak Elementary School
  • Stiern Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 01530001

Community Details

Overview

  • 5 Units
  • Town Of Kern Subdivision

Building Details

  • Gross Income $55,896
  • Net Operating Income $39,896

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1934
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3388.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater,Other

Schools

  • High School: East
  • Middle Or Junior School: Stiern, Walter

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Parcel #: 01530001

Multi Family

  • Total Annual Expense: 16000.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 5
  • Annual Gross Income: 55896.00
  • Property Net Operating Income: 39896.00

MLS Schools

  • Elementary School: Williams_Bak
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $490,000 -1.8% $145 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $499,000 +134.3% $147 / Sq Ft
02/14/2019 02/14/19 Sold $213,000 -14.8% $63 / Sq Ft View Prior Sale
01/15/2019 01/15/19 Pending -- -- --
12/20/2018 12/20/18 For Sale $249,900 -- $74 / Sq Ft
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 $4,359 $499,800 $45,900 $453,900
2024 $4,359 $232,943 $36,088 $196,855
2023 $4,244 $228,377 $35,381 $192,996
2022 $4,125 $223,900 $34,688 $189,212
2021 $3,858 $219,510 $34,008 $185,502
2020 $3,765 $217,260 $33,660 $183,600
2019 $2,450 $110,661 $28,319 $82,342
2018 $2,417 $106,365 $27,219 $79,146
2017 $2,412 $104,280 $26,686 $77,594
2016 $2,283 $102,236 $26,163 $76,073
2015 $2,263 $100,701 $25,770 $74,931
2014 $2,206 $98,730 $25,266 $73,464
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202400916

Bakersfield Association of REALTORS® / GEMLS
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