NOT LISTED FOR SALE

1307 Pacheco Rd Bakersfield, CA 93307

South Wible Orchard Neighborhood

Estimated Value: $363,000 - $441,000

4 Beds
2 Baths
2,016 Sq Ft
$195/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $367,000 $182 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,441/month

8 Days on Market

About This Home

As of April 2024

Welcome to an exceptional investment opportunity! This immaculate duplex, presents an enticing prospect for savvy investors or those seeking a beautiful residence with income potential. Rent one live in the other. Each unit offers a thoughtfully designed layout featuring 2 bedrooms and 1 bathroom, providing comfortable living spaces and functional. Fireplace on each unit, One of the units is currently vacant, and was fully remodeled with new flooring, paint, etc. The other unit is leased on a month-to-month basis, generating $1,200 per month in rental income. Remarkably, this rent could easily be increased to $1,800 per month, maximizing the property's potential for enhanced cash flow. The strategic location of this duplex, coupled with its excellent condition and income-generating potential, makes it a standout opportunity in the market.

Last Agent to Sell the Property

Marco Morales Ramirez

Liberty One Real Estate Group License #02002604 Listed on: 02/29/2024

Last Buyer's Agent

Stephanie Carrasco

eXp Realty License #02032149

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,198

Year Built

  • Built in 1986

Lot Details

  • 8,712

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Car Garage
  • Uncovered Parking

Schools

  • Palla Elementary School
  • Greenfield Middle School
  • South High School

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 41223102

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $43,200
  • Net Operating Income $38,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,198

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1986
  • Building Stories: 1
  • Deposit Amount Required: 3000.00
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.2000
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2016.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking: 5.00
  • Number Of Garages: 2
  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: South
  • Middle Or Junior School: Greenfield

Lot Info

  • Zoning Description: R1
  • Lot Size Sq Ft: 8712.00
  • Parcel #: 41223102

Multi Family

  • Total Annual Expense: 2500.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Annual Gross Income: 43200.00
  • Property Net Operating Income: 38540.00

MLS Schools

  • Elementary School: Palla, R.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 29, 2024
Closed on
Mar 13, 2024
Sold by
Galvez Irene Loya
Bought by
Estrada Heber T Gonzalez and Arias Angela Cruz
Seller's Agent
Marco Morales Ramirez
Liberty One Real Estate Group
Buyer's Agent
Stephanie Carrasco
eXp Realty
List Price
$385,000
Sold Price
$367,000
Premium/Discount to List
-$18,000
-4.68%
Views
50
Current Estimated Value
$397,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,052
Avg. Annual Appreciation
6.51%
Original Mortgage
$280,000
Outstanding Balance
$276,074
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$122,525

Purchase Details

Closed on
Mar 28, 2013
Sold by
Galvez Irene Loya and Rodriguez Paul L
Bought by
Galvez Irene Loya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 23, 2005
Sold by
Galvez Irene Loya
Bought by
Galvez Irene Loya and Rodriguez Paul L

Purchase Details

Closed on
Feb 19, 2004
Sold by
Galvez Jose
Bought by
Galvez Irene Loya

Purchase Details

Closed on
Dec 19, 2003
Sold by
Galvez Irene Loya and Maldonado Helen
Bought by
Galvez Irene Loya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
5.62%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Estrada Heber T Gonzalez $367,000 Chicago Title Company
Galvez Irene Loya $91,000 Chicago Title Company
Rodriguez Paul L -- Chicago Title Company
Galvez Irene Loya -- --
Galvez Irene Loya -- Fidelity Title
Galvez Irene Loya $41,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estrada Heber T Gonzalez $280,000
Previous Owner Galvez Irene Loya $91,000
Previous Owner Galvez Irene Loya $87,500
Previous Owner Peters Stephen Field $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $367,000 -4.7% $182 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $385,000 -- $191 / 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 $3,198 $374,340 $91,800 $282,540
2024 $3,115 $167,526 $52,806 $114,720
2023 $3,115 $164,242 $51,771 $112,471
2022 $3,054 $161,022 $50,756 $110,266
2021 $2,853 $157,865 $49,761 $108,104
2020 $2,763 $156,247 $49,251 $106,996
2019 $2,719 $156,247 $49,251 $106,996
2018 $2,620 $150,183 $47,340 $102,843
2017 $2,587 $147,239 $46,412 $100,827
2016 $2,466 $144,352 $45,502 $98,850
2015 $2,396 $139,000 $35,000 $104,000
2014 $2,294 $131,000 $25,000 $106,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Marco Morales Ramirez

    Liberty One Real Estate Group

    (661) 748-2658

    4 in this area

    97 Total Sales

    Section Image
  • Stephanie Carrasco

    Buyer's Agent in 2024

    Stephanie Carrasco

    eXp Realty

    (661) 703-5259

    7 in this area

    81 Total Sales

    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202401941

Bakersfield Association of REALTORS® / GEMLS

APN: 412-231-02-00-3

California Kern County Bakersfield 93307 South Wible Orchard

1307 Pacheco Rd, Bakersfield, CA

This home is located at 1307 Pacheco Rd, Bakersfield, CA 93307 since 29 February 2024 and is currently estimated at $393,065, approximately $194 per square foot. This property was built in 1986. 1307 Pacheco Rd is a home located in Kern County with nearby schools including Raffaello Palla Elementary School, Greenfield Middle School, and South High School.

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. 2025.

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