NOT LISTED FOR SALE

115 Washington Ave Bakersfield, CA 93308

Estimated Value: $258,040 - $303,000

3 Beds
3 Baths
1,268 Sq Ft
$223/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $229,000 $181 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,896/month

About This Home

As of August 2021

Don't miss this great affordable investment property! The front unit is 2 bedroom and attached to that is a studio with a long term tenant. In back is a small one bedroom with it's own garage and yard with another long term tenant. The front house also has a one car garage and the entire property is fenced with lots of parking. Between houses is a patio area with laundry hook-ups for up to 3 washers and dryers. Each unit has window air conditioners or swamp coolers.

Last Agent to Sell the Property

Chris Helberg

Engel & Völkers License #01406386 Listed on: 05/13/2021

Engel & Völkers

Last Buyer's Agent

Maria Moore

Company California License #01445744

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,962

Year Built

  • Built in 1920

Lot Details

  • 5,714 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 1,268 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Legal Lot and Block 7 / 2
  • Tax Tract Number 121015
  • Assessor Parcel Number 11326206001

Community Details

Overview

  • 2 Buildings
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,800
  • Fuel Expense $1,500
  • Insurance Expense $2,400
  • Trash Expense $480
  • Water Sewer Expense $900
  • New Taxes Expense $3,002
  • Operating Expense $10,082
  • Gross Income $21,900
  • Net Operating Income $15,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,962

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 900.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 11326206001
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 180.60

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Trash Expense: 480.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5714.00
  • Lot Size Acres: 0.1312

Multi Family

  • Average1 Bed Area: 400 Square Feet
  • Average2 Bed Area: 450 Square Feet
  • Average Studio Area: 300 Square Feet
  • Electric Expense: 1800.00
  • Fuel Expense: 1500.00
  • Gross Income: 21900.00
  • Gross Scheduled Income: 21900.00
  • Insurance Expense: 2400.00
  • Lot Size Area: 5714.0000 Square Feet
  • Net Operating Income: 15900.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Operating Expense: 6000.00
  • Rent Control: No
  • Total Actual Rent: 1825.00
  • Total Expenses: 10082.00

Tax Info

  • New Taxes Expense: 3002.00
  • Tax Block: 2
  • Tax Census Tract: 2.00
  • Tax Lot: 7
  • Tax Tract Number: 121015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2023
Sold by
Morrow Mary
Bought by
Rams Group Trust and Singleton
Current Estimated Value
$283,260
Source: Public Records

Range of Values:

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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
Rams Group Trust -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $229,000 -4.2% $181 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $239,000 -- $188 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,962 $238,680 $40,800 $197,880
2024 $4,840 $234,000 $40,000 $194,000
2023 $4,840 $233,580 $35,700 $197,880
2022 $4,619 $229,000 $35,000 $194,000
2021 $3,197 $125,000 $35,000 $90,000
2020 $3,002 $120,000 $30,000 $90,000
2019 $2,808 $105,000 $30,000 $75,000
2018 $2,729 $105,000 $30,000 $75,000
2017 $2,566 $93,000 $25,000 $68,000
2016 $2,438 $93,000 $20,000 $73,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21098632

California Regional Multiple Listing Service (CRMLS)

APN: 113-262-06-00-1