NOT LISTED FOR SALE

1301 Oildale Dr Bakersfield, CA 93308

Estimated Value: $325,000 - $370,000

6 Beds
3 Baths
2,106 Sq Ft
$165/Sq Ft Est. Value

Last Sold January 04, 2018

Last sale price $190,000 $90 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,259/month

40 Days on Market

About This Home

As of January 2018

Tremendous cash-flow opportunity in one of Bakersfield's best income corridors. This triplex has been well maintained and features all 2-bed, 1-bath units with fenced yards. (2) units have HVAC units. Long term tenant. Perfect cash cow that is walking distance to eateries, schools, parks, employment with easy access to freeways. Great frontage to main arterial street so easy to rent units. Subject to be sold in as-is condition with the exception of any mutually-agreed upon repairs. Hurry and get your offers in before I sell it!

Last Agent to Sell the Property

Elisabet Ruelas

Elevate Realty License #02019696 Listed on: 10/26/2017

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,137 Sq Ft Lot

Interior Spaces

  • 2,106 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 11307408

Community Details

Overview

  • 3 Units
  • Homecrest Subdivision

Building Details

  • Gross Income $7,200
  • Net Operating Income $7,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1962
  • Building Stories: 1
  • Property Sub Type: 3 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2106.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 6137.00
  • Parcel #: 11307408

Multi Family

  • Total Annual Expense: 9339.80
  • Vacancy Factor: 66.67
  • Number Of Units Total: 3
  • Annual Gross Income: 7200.00
  • Property Net Operating Income: 7200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 9, 2021
Sold by
La Cascada Properties Llc
Bought by
Gamboa Manuel
Current Estimated Value
$348,055

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Outstanding Balance
$128,855
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$219,200

Purchase Details

Closed on
Oct 22, 2018
Sold by
Gamboa Manuel
Bought by
La Cascada Properties Llc

Purchase Details

Listed on
Oct 26, 2017
Closed on
Nov 29, 2017
Sold by
Esqueda Arturo and Esqueda Rogelio
Bought by
Gamboa Manuel
Seller's Agent
Elisabet Ruelas
Elevate Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$190,000
Sold Price
$190,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.83%
Original Mortgage
$142,500
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2011
Sold by
Esqueda Nelida
Bought by
Esqueda Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 31, 2011
Sold by
Bank Of The Sierra
Bought by
Esqueda Arturo and Esqueda Rogelio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.75%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 4, 2010
Sold by
Cemo Louis and Cemo Kathy
Bought by
Bank Of The Sierra

Purchase Details

Closed on
Apr 27, 2004
Sold by
Cemo Louis J and Cemo Kathy M
Bought by
American Property Investment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,500
Interest Rate
5.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 16, 1998
Sold by
Perkins Craig T and Perkins Nancy
Bought by
Cemo Louis and Cemo Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7%

Purchase Details

Closed on
Jun 25, 1996
Sold by
Inc Teen Challenge Of Souther Californi
Bought by
Perkins Craig T and Perkins Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
7.87%

Purchase Details

Closed on
Dec 14, 1994
Sold by
Lake Robert C and Lake Susan G
Bought by
Teen Challenge Of Southern California

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,000
Interest Rate
9.25%
Mortgage Type
Seller Take Back
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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Purchase History

Date Buyer Sale Price Title Company
Gamboa Manuel -- Ticor Title Company Of Ca
La Cascada Properties Llc -- None Available
Gamboa Manuel $190,000 Placer Title Co
Esqueda Rogelio -- Chicago Title Company
Esqueda Arturo -- Chicago Title Company
Esqueda Arturo $150,000 Chicago Title Company
Bank Of The Sierra $125,000 First American Title Company
American Property Investment Llc -- Ticor Title
Cemo Louis $85,000 Fidelity National Title Co
Perkins Craig T $80,000 First American Title Co
Teen Challenge Of Southern California $90,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gamboa Manuel $143,500
Previous Owner Gamboa Manuel $142,500
Previous Owner Esqueda Arturo $105,000
Previous Owner American Property Investment Llc $19,500
Previous Owner Cemo Louis $68,000
Previous Owner Perkins Craig T $56,000
Previous Owner Teen Challenge Of Southern California $61,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2018 01/04/18 Sold $190,000 0.0% $90 / Sq Ft
12/05/2017 12/05/17 Pending -- -- --
10/26/2017 10/26/17 For Sale $190,000 -- $90 / Sq Ft
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 $5,267 $216,183 $34,133 $182,050
2024 $5,071 $211,945 $33,464 $178,481
2023 $5,071 $207,790 $32,808 $174,982
2022 $4,769 $203,716 $32,165 $171,551
2021 $4,507 $199,723 $31,535 $168,188
2020 $4,294 $197,676 $31,212 $166,464
2019 $4,241 $197,676 $31,212 $166,464
2018 $2,456 $56,294 $11,257 $45,037
2017 $2,407 $55,191 $11,037 $44,154
2016 $2,308 $54,110 $10,821 $43,289
2015 $2,283 $53,298 $10,659 $42,639
2014 $2,242 $52,255 $10,451 $41,804
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Elisabet Ruelas

    Elevate Realty

    (661) 380-0765

    93 Total Sales

    Elisabet Ruelas
    Section Image
  • Philip Jordan

    Buyer's Agent in 2018

    Philip Jordan

    Keller Williams Realty

    (805) 453-8353

    133 Total Sales

    Philip Jordan
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21712474

Bakersfield Association of REALTORS® / GEMLS

APN: 113-074-08-00-6

California Kern County Bakersfield 93308

1301 Oildale Dr, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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