NOT LISTED FOR SALE

Estimated Value: $918,000 - $1,001,000

8 Beds
4 Baths
3,136 Sq Ft
$302/Sq Ft Est. Value

Last Sold May 01, 2019

Last sale price $615,000 $196 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,803/month

61 Days on Market

Highlights

  • 1-Story Property
  • American Elementary School Rated A-
  • 5-minute walk to Liberty Park

About This Home

As of May 2019

Rare opportunity! Highly sought after 4plex in Northwest Bakersfield near Liberty High School. Location , location, location!!!! NO HOA FEES! High tenant demand with top quality tenants. All units are 2 bedrooms, 1 bath with laundry hookups and 1 car garage with plenty of room for additional parking. Built in 2002, this property is close to restaurants, shopping, freeway access and award-winning schools. Fully occupied. Rents are at $995. Some neighboring apartments are being upgraded and getting rents in the $1100-$1200 range. Extremely low vacancy factor.

Last Agent to Sell the Property

Adriana aguirre

Open Door Real Estate License #01937258 Listed on: 01/30/2019

Last Buyer's Agent

Robert Spasiano

Coldwell Banker Preferred,RLT License #01979394

Coldwell Banker Preferred,RLT

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 10,890 Sq Ft Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property

Schools

  • Roosevelt Bak Elementary School
  • Rosedale Middle School
  • Liberty High School

Listing and Financial Details

  • Assessor Parcel Number 11041205

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $45,600
  • Net Operating Income $34,500

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0.25 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2003
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3136.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 12.00
  • Parking Features: Garage
  • Garages: 4

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Liberty
  • Middle Or Junior School: Rosedale

Lot Info

  • Lot Size Sq Ft: 10890.00
  • Parcel #: 11041205

Multi Family

  • Total Annual Expense: 11100.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.00
  • Property Net Operating Income: 34500.00

MLS Schools

  • Elementary School: Roosevelt_Bak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2021
Sold by
Manhas Vishal
Bought by
Thakur Titles 01882 Llc
Current Estimated Value
$945,821

Purchase Details

Closed on
Feb 24, 2021
Sold by
Thakur Titles 01882 Llc
Bought by
Manhas Vishal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,088
Interest Rate
2.73%
Mortgage Type
VA

Purchase Details

Closed on
Dec 12, 2019
Sold by
Manhas Vishal
Bought by
Thakur Titles 01882 Llc

Purchase Details

Listed on
Jan 30, 2019
Closed on
Apr 8, 2019
Sold by
Ling David H and Ling Sophia B
Bought by
Manhas Vishal
Seller's Agent
Adriana aguirre
Open Door Real Estate
Buyer's Agent
Robert Spasiano
Coldwell Banker Preferred,RLT
List Price
$625,000
Sold Price
$615,000
Premium/Discount to List
-$10,000
-1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.47%
Original Mortgage
$582,337
Interest Rate
4.2%
Mortgage Type
VA

Purchase Details

Closed on
Apr 17, 2012
Sold by
Ling David H and Ling Sophia B
Bought by
Ling David H and Ling Sophia B

Purchase Details

Closed on
Jul 16, 2009
Sold by
Ling David H and Ling Sophia B
Bought by
David H Ling & Sophia B Ling 2009 Trust

Purchase Details

Closed on
Oct 20, 2005
Sold by
Freedom Road Llc
Bought by
Ling David H and Ling Sophia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2004
Sold by
Cox Donald Anthony and Cox Debra
Bought by
Freedom Road Llc

Purchase Details

Closed on
Apr 22, 2003
Sold by
Parkside 88 Corp
Bought by
Cox Donald Anthony and Cox Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,200
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Thakur Titles 01882 Llc -- Placer Title Company
Manhas Vishal -- Placer Title
Thakur Titles 01882 Llc -- None Available
Manhas Vishal $615,000 Chicago Title Bakersfield
Ling David H -- None Available
David H Ling & Sophia B Ling 2009 Trust -- None Available
Ling David H $580,000 Investors Title Company
Freedom Road Llc -- --
Cox Donald Anthony $385,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Manhas Vishal $568,088
Previous Owner Manhas Vishal $582,337
Previous Owner Ling David H $280,000
Previous Owner Cox Donald Anthony $327,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2019 05/01/19 Sold $615,000 -1.6% $196 / Sq Ft
04/01/2019 04/01/19 Pending -- -- --
01/30/2019 01/30/19 For Sale $625,000 -- $199 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $10,587 $732,233 $159,181 $573,052
2024 $10,587 $717,876 $156,060 $561,816
2023 $10,344 $703,800 $153,000 $550,800
2022 $10,126 $690,000 $150,000 $540,000
2021 $9,386 $621,371 $116,191 $505,180
2020 $9,120 $615,000 $115,000 $500,000
2019 $6,006 $352,695 $70,747 $281,948
2018 $5,962 $339,000 $68,000 $271,000
2017 $7,435 $470,000 $94,000 $376,000
2016 $7,043 $460,000 $92,000 $368,000
2015 $5,785 $345,000 $52,000 $293,000
2014 $6,072 $376,500 $70,000 $306,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21901135

Bakersfield Association of REALTORS® / GEMLS

APN: 110-412-05-00-0

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