NOT LISTED FOR SALE
3 Beds
2 Baths
4,900 Sq Ft
15,072 Sq Ft Lot

Last Sold March 22, 2014

Last sale price $270,000 $55 Per Sq Ft

86 Days on Market

Highlights

  • 0.35 Acre Lot
  • Lawn
  • Neighborhood Views
  • Property is near public transit
  • No HOA
  • Beamed Ceilings

About This Home

As of March 2014

Charming multi-unit property in the quiet residential neighborhood of Oildale in Bakersfield. Consists of 1 stand alone bungalow 2BD-1BA and a 5 unit structure. A garage, storage area, basement, laundry room and off street parking. Each unit is unique in size and features. Lots of wood and original tile give each unit special character. Originally built in 1940. Additions were made in 1955 to current verified square footage. The complex is fully rented with many long term residents. Possible financing options available. Do not try to access property. Drive by only. Call agent for details.

This property is in a residential area and has expanded with permits in 1955. It is considered a residential investment property.

Last Agent to Sell the Property

Sheryl Eldredge

Homesmart Evergreen Realty License #01913328 Listed on: 11/30/2013

Homesmart Evergreen Realty

Last Buyer's Agent

Sheryl Eldredge

HomeSmart Evergreen Realty License #01913328

HomeSmart Evergreen Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949 | Remodeled

Lot Details

  • 0.35 Acre Lot
  • Two or More Common Walls
  • Wood Fence
  • Fence is in good condition
  • Landscaped
  • Sprinkler System
  • Lawn
  • Garden
  • Back and Front Yard
  • On-Hand Building Permits

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Parking Available
  • Unassigned Parking

Home Design

  • Bungalow
  • Property Attached
  • Turnkey
  • Additions or Alterations
  • Block Foundation
  • Wood Product Walls
  • Tile Roof
  • Common Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4,900 Sq Ft Home
  • 1-Story Property
  • Beamed Ceilings
  • Ceiling Fan
  • Wood Frame Window
  • Casement Windows
  • Living Room with Fireplace
  • Carpet
  • Neighborhood Views
  • Fire and Smoke Detector
  • Tile Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Utilities

  • Evaporated cooling system
  • Wall Furnace
  • 220 Volts
  • Septic Type Unknown

Additional Features

  • Two Homes on a Lot
  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 5,6 / 18
  • Assessor Parcel Number 1122732200

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 6 Units

Amenities

  • Community Fire Pit
  • Community Barbecue Grill
  • Laundry Facilities
  • Community Storage Space

Building Details

  • 6 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $8,400
  • Gardener Expense $1,500
  • Insurance Expense $1,700
  • Maintenance Expense $1,200
  • Professional Management Expense $2,500
  • Trash Expense $1,500
  • Water Sewer Expense $1,440
  • Gross Income $4,000
  • Net Operating Income $16,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1949 | Remodeled

Lot Details

0.35 Acres

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: All structures, fixtures, landscaping
  • Professional Management Expense: 2500.00
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System
  • View: Yes
  • Water Sewer Expenses: 1440.00
  • Zoning: R
  • Architectural Style: Bungalow
  • Property Condition: Additions/Alterations, Building Permit, Updated/Remodeled, Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 1122732200
  • Year Built: 1949
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Ceiling Fan(s), Tile Counters, Wood Product Walls
  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 55.10
  • Room Type: All Bedrooms Down
  • Window Features: Casement Windows, Wood Frames

Exterior Features

  • Foundation: Block
  • Other Structures: Two On A Lot
  • Exterior Features: Rain Gutters
  • View: Neighborhood
  • Fencing: Good Condition, Wood
  • Pool Private: No
  • Roof: Common Roof, Tile
  • Spa: No
  • Construction Materials: Stucco, Wood Siding

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Unassigned
  • Total Parking Spaces: 7.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Community
  • Sewer: Unknown
  • Trash Expense: 1500.00
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Barbecue, Fire Pit, Storage
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Back Yard, Front Yard, Garden, Lawn, Landscaped, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 15090.00
  • Lot Size Acres: 0.3460

Multi Family

  • Average1 Bed Area: 700
  • Average2 Bed Area: 950
  • Electric Expense: 8400.00
  • Gross Income: 4000.00
  • Gross Scheduled Income: 48000.00
  • Insurance Expense: 1700.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 15090.0000 Square Feet
  • Maintenance Expense: 1200.00
  • Net Operating Income: 16400.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 17200.00
  • Rent Control: No
  • Total Actual Rent: 4000.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • Tax Block: 18
  • Taxes Percent: 50.00
  • Tax Lot: 5,6
  • Tax Year: 2012
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2014 03/22/14 Sold $270,000 -20.4% $55 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
11/30/2013 11/30/13 For Sale $339,000 -- $69 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR13241043

California Regional Multiple Listing Service (CRMLS)
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