NOT LISTED FOR SALE

1221 Lake St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $479,110 - $624,000

8 Beds
4 Baths
4,160 Sq Ft
$131/Sq Ft Est. Value

Sale Details

Date Sold: July 6, 2016

Last sale price $230,000 $55 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $3,425 / mo

40 Days on Market

About This Home

As of July 2016

Awesome 4-plex with 3 bedrooms and 1.75 baths each unit. Spacious master bedroom with their private bathroom, and walk-in closet. Newer tile flooring in the kitchen, bathroom and laundry area. Carpet was replaced 2 years ago in some units. A/C in each unit. Hook ups for Washer and Dryer in each unit. Some windows have been replaced. Building was painted in and out around 2 yrs. ago. Outdoor lighting has been switched to Energy Efficient. Separate meter for Gas, Water and electricity. 8 parking spaces in the front and 3+ in the back. This is a Great Income Generator. FHA Ready. All Units occupied. Units can be rented for more.

Last Agent to Sell the Property

Martha Acosta

Miramar Realty License #01432287 Listed on: 04/27/2016

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 7,534 Sq Ft Lot

Interior Spaces

  • 4,160 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Car Parking Spaces
  • Uncovered Parking

Schools

  • Mann Elementary School
  • Stiern Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 01540005

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $34,200
  • Net Operating Income $23,940

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

7,534 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1982
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4160.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 8.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 7534.00
  • Parcel #: 01540005

Multi Family

  • Total Annual Expense: 10260.00
  • Vacancy Factor: 10.00
  • Number Of Units Total: 4
  • Annual Gross Income: 34200.00
  • Property Net Operating Income: 23940.00

MLS Schools

  • Elementary School: Mann, Horace

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
Oct 21, 2021
Sold by
Bought by
Current Estimated Value
$543,528

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jun 15, 2016
Sold by
Bought by
Seller's Agent
Martha Acosta
Miramar Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$249,000
Sold Price
$230,000
Premium/Discount to List
-$19,000
-7.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%

Purchase Details

Closed on
Nov 16, 2011
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
$51,262
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2009
Sold by
Bought by

Purchase Details

Closed on
Apr 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2008
Sold by
Bought by

Purchase Details

Closed on
Mar 21, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 2, 2004
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
$331,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 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
$135,000
Interest Rate
5.86%

Purchase Details

Closed on
Sep 1, 1999
Sold by
Bought by

Purchase Details

Closed on
Aug 31, 1999
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- None Listed On Document
$230,000 First American Title Company
$186,000 First American Title Company
-- None Available
$164,000 Chicago Title Company
$142,470 None Available
-- Public
$368,000 Alliance Title
$155,000 First American Title
-- American Title Co
$86,000 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 $5,744
Previous Owner $51,262
Previous Owner $125,000
Previous Owner $125,000
Previous Owner $346,000
Previous Owner $331,200
Previous Owner $135,000
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
07/06/2016 07/06/16 Sold $230,000 -7.6% $55 / Sq Ft
06/06/2016 06/06/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $249,000 -- $60 / 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
2025 $5,660 $266,928 $40,617 $226,311
2024 $5,550 $261,695 $39,821 $221,874
2023 $5,411 $256,565 $39,041 $217,524
2022 $5,240 $251,535 $38,276 $213,259
2021 $4,864 $246,604 $37,526 $209,078
2020 $4,864 $244,077 $37,142 $206,935
2019 $4,639 $244,077 $37,142 $206,935
2018 $4,542 $234,600 $35,700 $198,900
2017 $4,508 $230,000 $35,000 $195,000
2016 $3,893 $197,350 $21,219 $176,131
2015 $3,855 $194,387 $20,901 $173,486
2014 $3,735 $190,580 $20,492 $170,088
Source: Public Records

Agents Affiliated with this Home

  • Martha Acosta

    Seller's Agent in 2016

    Martha Acosta

    Miramar Realty

    (661) 487-3974

    2 in this area

    62 Total Sales

    Martha Acosta
    Section Image

  • N

    Buyer's Agent in 2016

    Non-Member Non-Member

    Non-Member Office

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21605073

Bakersfield Association of REALTORS® / GEMLS

APN: 015-400-05-00-9

California Kern County Bakersfield 93305 East Bakersfield

1221 Lake St, Bakersfield, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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