NOT LISTED FOR SALE

Estimated Value: $392,875 - $537,000

4 Beds
2 Baths
-- Sq Ft
1.34 Acres

Last Sold June 12, 2023

Last sale price $265,000

Est. 66% increase in value since last sale

Current estimated payment $2,429/month

24 Days on Market

About This Home

As of June 2023

Calling all investors. Multiple units on 1 large lot. All units are tenant occupied. This property is a work in progress/fixer upper current owner recently had the Manufacture home completely renovated. Being SOLD AS IS. Great property to add to your rental portfolio, Buyer & buyer's agent to do their own due diligence. No showings until offer is submitted. Do not disturb tenants

Last Agent to Sell the Property

Torey Bryant

Miramar International-Riverwal License #02134334 Listed on: 05/19/2023

Last Buyer's Agent

Eric Mora

The Mora Partners Inc. License #01879460

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $438

Year Built

  • Built in 1950

Lot Details

  • 1.34

Additional Features

  • 1-Story Property
  • 1.34 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 268030030000

Community Details

Overview

  • 4 Units
  • Victory Garden Acres #3 Subdivision

Building Details

  • Gross Income $31,000
  • Net Operating Income $21,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$438

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Building Stories: 1
  • Property Sub Type: Other
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Other

Schools

  • High School: Other-Outlying
  • Middle Or Junior School: Other-Outlying

Lot Info

  • Lot Size Sq Ft: 58370.00
  • Parcel #: 268030030000

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 31000.00
  • Property Net Operating Income: 21000.00

MLS Schools

  • Elementary School: Other-Outlying

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2024
Sold by
Martinez Rubi
Bought by
Martinez Juan Andres
Current Estimated Value
$438,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$376,438
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$46,469

Purchase Details

Closed on
Jul 22, 2024
Sold by
Margaritas Venture Properties Inc
Bought by
Martinez Juan Andres

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$376,438
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$46,469

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 12, 2023
Sold by
Witcher Family Trust
Bought by
Margaritas Venture Properties Inc
Seller's Agent
Torey Bryant
Miramar International-Riverwal
Buyer's Agent
Eric Mora
The Mora Partners Inc.
List Price
$265,000
Sold Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.67%

Purchase Details

Closed on
Apr 15, 2009
Sold by
Witcher Charles K
Bought by
Witcher Charles K and Witcher Doris R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Martinez Juan Andres -- Wfg National Title Insurance C
Martinez Juan Andres -- Wfg National Title Insurance C
Martinez Juan Andres $400,000 Wfg National Title Insurance C
Margaritas Venture Properties Inc $265,000 None Listed On Document
Witcher Charles K -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Juan Andres $380,000
Previous Owner Witcher Charles K $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Pending -- -- --
06/12/2023 06/12/23 Sold $265,000 0.0% --
05/19/2023 05/19/23 For Sale $265,000 -- --
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 $438 $41,253 $14,578 $26,675
2024 $438 $40,445 $14,293 $26,152
2023 $438 $39,653 $14,013 $25,640
2022 $424 $38,877 $13,739 $25,138
2021 $419 $38,115 $13,470 $24,645
2020 $415 $37,724 $13,332 $24,392
2019 $407 $36,985 $13,071 $23,914
2018 $323 $36,260 $12,815 $23,445
2017 $313 $35,549 $12,564 $22,985
2016 $299 $34,852 $12,318 $22,534
2015 $285 $34,329 $12,133 $22,196
2014 $285 $33,656 $11,895 $21,761
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202303947

Bakersfield Association of REALTORS® / GEMLS

APN: 268-030-030-000