NOT LISTED FOR SALE

118 Roberts Ln Bakersfield, CA 93308

Estimated Value: $307,000 - $376,000

2 Beds
4 Baths
1,128 Sq Ft
$296/Sq Ft Est. Value

Last Sold September 11, 2019

Last sale price $200,000 $177 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,236/month

Highlights

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot
  • Private Yard
  • Tile Flooring
  • Wood Fence

About This Home

As of September 2019

HIGHEST GROSS SCHEDULED INCOME UNDER $250,000 IN OILDALE! This FOUR–PLEX, consisting of (2) one bedrooms and (2) studios, is ready for a first time or seasoned investor. Current owner has completed several unit renovations including, but not limited to, adding stove vents, new bathroom vanities, new showers, new tile in bathroom, new paint, new kitchen counters, blinds on all units, newer window air conditioning units, a newer water heater on the back two units, and a new wooden fence on perimeter of one side of the property. Courtyard between all four units allows tenants to enjoy an outdoor space for family gatherings! PLEASE DO NOT DISTURB TENANTS!

Last Agent to Sell the Property

Cindy Hoffmann

Pinnacle Estate Properties License #01460952 Listed on: 05/23/2019

Pinnacle Estate Properties

Last Buyer's Agent

Joshua Salazar

Mission Real Estate License #01901918

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,577

Year Built

  • Built in 1925

Lot Details

  • 5,705 Sq Ft Lot
  • 1 Common Wall
  • Wood Fence
  • Rectangular Lot
  • Private Yard

Home Design

  • Property Attached
  • Slab Foundation

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Parking Available
  • Paved Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Legal Lot and Block 14 / 4
  • Tax Tract Number 3
  • Assessor Parcel Number 1140321800

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,482
  • Pest Control $600
  • Water Sewer Expense $1,128
  • New Taxes Expense $3,747
  • Operating Expense $6,957
  • Gross Income $28,500
  • Net Operating Income $21,543

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,577

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Water Sewer Expenses: 1128.00
  • Zoning: C2
  • Property Type: Residential Income
  • Parcel Number: 1140321800
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Flooring: Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 177.30
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Paved
  • Total Parking Spaces: 3.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: No
  • Appliances: Gas Oven, Gas Cooktop, Gas Water Heater, Range Hood
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, Yard
  • Lot Size Sq Ft: 5705.00
  • Lot Size Acres: 0.1310

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 28500.00
  • Gross Scheduled Income: 28500.00
  • Insurance Expense: 1482.00
  • Lot Size Area: 5705.0000 Square Feet
  • Net Operating Income: 21543.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6957.00
  • Rent Control: No
  • Total Expenses: 6957.00

Tax Info

  • New Taxes Expense: 3747.00
  • Tax Block: 4
  • Tax Lot: 14
  • Tax Tract Number: 3.00

Range of Values:

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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 Change Sq Ft Price
09/11/2019 09/11/19 Sold $200,000 -19.7% $177 / Sq Ft
07/02/2019 07/02/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $249,000 +58.8% $221 / Sq Ft
11/04/2016 11/04/16 Sold $156,800 -5.0% $139 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
09/18/2016 09/18/16 For Sale $165,000 +17.4% $146 / Sq Ft
06/29/2015 06/29/15 Sold $140,500 -3.0% $125 / Sq Ft
05/30/2015 05/30/15 Pending -- -- --
01/04/2015 01/04/15 For Sale $144,900 +70.5% $128 / Sq Ft
02/14/2014 02/14/14 Sold $85,000 -15.0% $160 / Sq Ft
01/17/2014 01/17/14 For Sale $100,000 -- $189 / 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 $5,577 $218,726 $54,681 $164,045
2024 $5,577 $214,438 $53,609 $160,829
2023 $5,357 $210,234 $52,558 $157,676
2022 $4,986 $206,113 $51,528 $154,585
2021 $4,665 $202,072 $50,518 $151,554
2020 $4,417 $200,000 $50,000 $150,000
2019 $3,945 $165,547 $37,142 $128,405
2018 $3,789 $159,120 $35,700 $123,420
2017 $3,747 $156,000 $35,000 $121,000
2016 $3,400 $142,134 $30,457 $111,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR19121363

California Regional Multiple Listing Service (CRMLS)

APN: 114-032-18-00-6