NOT LISTED FOR SALE

1303 Washington Ave Bakersfield, CA 93308

Estimated Value: $375,041 - $448,000

2 Beds
1 Bath
2,052 Sq Ft
$202/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $350,550 $171 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,742/month

17 Days on Market

About This Home

As of August 2022

Opportunity to own 3 units in Oildale. Great for an investor looking to expand their portfolio or live in one and rent out the other 2 units! Each unit is 2 bedrooms, 1 bath. Uncovered parking. Close to area shopping centers, local schools, and thoroughfares. Don't miss out on this one!

Last Agent to Sell the Property

Michael Freedman

American Real Estate License #01212171 Listed on: 06/16/2022

Last Buyer's Agent

Paul Stroud

Miramar International Calloway License #01834381

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 6,101 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,052 Sq Ft Home
  • 1-Story Property

Schools

  • Beardsley Elementary And Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 11122024

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $32,604
  • Net Operating Income $27,656

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1964
  • Building Stories: 1
  • Property Sub Type: 3 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2052.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

  • High School: North
  • Middle Or Junior School: Beardsley

Lot Info

  • Lot Size Sq Ft: 6101.00
  • Parcel #: 11122024

Multi Family

  • Total Annual Expense: 4948.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 3
  • Annual Gross Income: 32604.00
  • Property Net Operating Income: 27656.00

MLS Schools

  • Elementary School: Beardsley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 2, 2022
Sold by
Warner and Tessa
Bought by
Ling Chi Chu Revocable Living Trust
Seller's Agent
Michael Freedman
American Real Estate
Buyer's Agent
Paul Stroud
Miramar International Calloway
List Price
$369,000
Sold Price
$350,550
Premium/Discount to List
-$18,450
-5%
Current Estimated Value
$413,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,210
Avg. Annual Appreciation
4.91%

Purchase Details

Closed on
Jun 18, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Warner Jeremiah and Warner Tessa

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
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2014
Sold by
Citimortgage Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Dec 2, 2014
Sold by
Lilley Richard A and Lilley Margaret
Bought by
Citimortgage Inc

Purchase Details

Closed on
Feb 15, 2005
Sold by
Lilley Richard A and Lilley Margarita
Bought by
Lilley Richard A and Lilley Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,750
Interest Rate
5.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 1999
Sold by
Willard Timothy J and Willard Debra M
Bought by
Lilley Richard and Lilley Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
7.82%
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
Ling Chi Chu Revocable Living Trust $351,000 Ticor Title
Warner Jeremiah $140,000 First American Title Company
Federal Home Loan Mortgage Corporation $111,500 Accommodation
Citimortgage Inc $111,166 Accommodation
Lilley Richard A -- New Century Title Company
Lilley Richard $80,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Warner Jeremiah $105,000
Previous Owner Lilley Richard A $139,750
Previous Owner Lilley Richard $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2022 08/02/22 Sold $350,550 -5.0% $171 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $369,000 -- $180 / 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 $6,936 $364,660 $52,020 $312,640
2024 $6,753 $357,510 $51,000 $306,510
2023 $6,753 $350,500 $50,000 $300,500
2022 $4,195 $158,548 $33,973 $124,575
2021 $3,933 $155,440 $33,307 $122,133
2020 $3,933 $153,847 $32,966 $120,881
2019 $3,710 $153,847 $32,966 $120,881
2018 $3,580 $147,875 $31,687 $116,188
2017 $3,506 $144,976 $31,066 $113,910
2016 $3,355 $142,134 $30,457 $111,677
2015 $3,066 $121,000 $30,000 $91,000
2014 -- $100,290 $15,037 $85,253
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michael Freedman

    American Real Estate

    (661) 497-0000

    112 Total Sales

    Michael Freedman
    Section Image
  • Paul Stroud

    Buyer's Agent in 2022

    Paul Stroud

    Miramar International Calloway

    (661) 333-0438

    5 Total Sales

    Paul Stroud
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202206745

Bakersfield Association of REALTORS® / GEMLS

APN: 111-220-24-00-3

California Kern County Bakersfield 93308

1303 Washington Ave, 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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