NOT LISTED FOR SALE
2 Beds
1 Bath
4,370 Sq Ft
0.3 Acre Lot

Sale Details

Date Sold: July 8, 2020

Last sale price $425,000 $97 Per Sq Ft

25 Days on Market

About This Home

As of July 2020

Great money making opportunity with this well maintained 11 unit building located in the North of the River community. 6 - 1 bedroom / 1 bath units and 5 studio apartments. Rents range from $440 - $540. Additional $3,600 (estimated) in annual income is generated from onsite laundry. All units have newer window A/C units.

Last Agent to Sell the Property

Bill Redmond

Watson Realty License #01223840 Listed on: 05/14/2020

Co-Listed By

Dawn Borda

Watson Realty License #01298997

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 12,900 Sq Ft Lot

Interior Spaces

  • 4,370 Sq Ft Home
  • 1-Story Property

Parking

  • 1 Car Garage
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 11403116

Community Details

Overview

  • 11 Units
  • Riverview Subdivision

Building Details

  • Gross Income $71,544
  • Net Operating Income $50,081

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0.3 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1938
  • Building Stories: 1
  • Property Sub Type: 11 Plus
  • Co List Office Mls Id: 6105
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4370.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 11.00
  • Parking Features: Garage, Uncovered
  • Garages: 1

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater,Other

Lot Info

  • Lot Size Sq Ft: 12900.00
  • Parcel #: 11403116

Multi Family

  • Total Annual Expense: 21463.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 11
  • Annual Gross Income: 71544.00
  • Property Net Operating Income: 50081.00

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2022
Sold by
Bought by

Purchase Details

Listed on
May 20, 2015
Closed on
Jun 11, 2015
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Bill Redmond
Watson Realty
List Price
$380,000
Sold Price
$370,000
Premium/Discount to List
-$10,000
-2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,500
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 11, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
5.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,500
Interest Rate
5.17%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 5, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,361
Interest Rate
6.03%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 24, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 17, 1999
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 1994
Sold by
Bought by
Source: Public Records

Purchase 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 Buyer Sale Price Title Company
$750,000 North American Title
$370,000 Old Republic Title Company
-- Ticor Title Co Of California
$207,500 Ticor Title Company Of Ca
$525,000 First American Title
$350,000 Commonwealth Title
-- Commonwealth Title
-- Commonwealth Title
$190,000 Commonwealth Title
-- First American Title Co
$87,000 First American Title Co
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Previous Owner $295,500
Previous Owner $148,500
Previous Owner $367,500
Previous Owner $424,000
Previous Owner $262,500
Previous Owner $41,361
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 Prior Sale
07/08/2020 07/08/20 Sold $425,000 -5.6% $97 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $450,000 +21.6% $103 / Sq Ft
06/15/2015 06/15/15 Sold $370,000 -2.6% $470 / Sq Ft View Prior Sale
05/20/2015 05/20/15 For Sale $380,000 +484.6% $482 / Sq Ft
08/25/2014 08/25/14 Sold $65,000 +3.2% $82 / Sq Ft View Prior Sale
07/26/2014 07/26/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $63,000 -- $80 / Sq Ft
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
2026 $19,252 $811,822 $82,264 $729,558
2025 $18,601 $795,904 $80,651 $715,253
2024 $18,601 $780,299 $79,070 $701,229
2023 $17,909 $765,000 $77,520 $687,480
2022 $13,262 $433,500 $38,760 $394,740
2021 $12,423 $425,000 $38,000 $387,000
2020 $12,423 $406,604 $54,945 $351,659
2019 $11,461 $406,604 $54,945 $351,659
2018 $12,784 $390,816 $52,812 $338,004
2017 $12,316 $383,154 $51,777 $331,377
2016 $7,510 $375,642 $50,762 $324,880
2015 $5,711 $222,319 $26,847 $195,472
2014 -- $217,965 $26,322 $191,643
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202004701

Bakersfield Association of REALTORS® / GEMLS

APN: 119-042-16

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