131 Dr Martin Luther King jr Blvd Bakersfield, CA 93307
Lakeview Neighborhood
--
Bed
--
Bath
4,400
Sq Ft
0.37
Acres
About This Home
As of June 2025Investment Opportunity! This gated 4-unit complex offers steady cash flow with two fully-occupied duplexes. Each unit provides 3 bedrooms and 1.5 baths, featuring functional amenities like central AC/heat and in-unit laundry hookups. The property includes fenced front yards for added privacy and 8 uncovered parking spaces (2 for each unit) with a cinder block perimeter wall. Currently rented and cash-flow positive, this complex presents a straightforward entry into multifamily real estate. Ideal for investors looking to expand their portfolio with a no-frills, income-generating property. Potential space and opportunity to add additional units in the back of the lot.
Last Agent to Sell the Property
Lockhart Real Estate Advisors License #01807966 Listed on: 09/18/2024
Last Buyer's Agent
Non-Member Non-Member
Non-Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,965
Year Built
- Built in 1983
Interior Spaces
- 4,400 Sq Ft Home
- 2-Story Property
Parking
- 7 Car Parking Spaces
- Uncovered Parking
Schools
- Fremont Bak Elementary School
- Mira Monte High School
Additional Features
- 0.37 Acre Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 01919221
Community Details
Overview
- 4 Units
Building Details
- Gross Income $60,024
- Net Operating Income $38,880
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 18, 2024
Closed on
Apr 22, 2025
Sold by
Paul Sylvester and Bryanna Sylvester
Bought by
Munoz Michael
Seller's Agent
Rylan Rozell
Lockhart Real Estate Advisors
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$675,000
Sold Price
$600,000
Premium/Discount to List
-$75,000
-11.11%
Views
25
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.62%
Original Mortgage
$570,000
Interest Rate
6.76%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 22, 2007
Sold by
Gonzalez Andres Camarena and Gonzales Andres Camarena
Bought by
Gonzalez Andres Camarena
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$309,000
Interest Rate
6.23%
Mortgage Type
New Conventional
Similar Home in Bakersfield, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $600,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $570,000 | New Conventional | |
| Previous Owner | $309,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Sold | $600,000 | -11.1% | $136 / Sq Ft |
| 09/18/2024 09/18/24 | For Sale | $675,000 | +53.4% | $153 / Sq Ft |
| 05/14/2021 05/14/21 | Sold | $440,000 | 0.0% | $100 / Sq Ft |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- |
| 03/12/2021 03/12/21 | For Sale | $440,000 | +225.9% | $100 / Sq Ft |
| 02/22/2014 02/22/14 | Sold | $135,000 | +16.9% | $31 / Sq Ft |
| 01/23/2014 01/23/14 | Pending | -- | -- | -- |
| 09/12/2013 09/12/13 | For Sale | $115,500 | -- | $26 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
Tax History Compared to Growth
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 | $7,965 | $476,268 | $108,242 | $368,026 |
| 2024 | $7,965 | $466,930 | $106,120 | $360,810 |
| 2023 | $7,785 | $457,776 | $104,040 | $353,736 |
| 2022 | $7,581 | $448,800 | $102,000 | $346,800 |
| 2021 | $6,821 | $410,000 | $75,000 | $335,000 |
| 2020 | $6,734 | $410,000 | $75,000 | $335,000 |
| 2019 | $3,541 | $151,315 | $28,019 | $123,296 |
| 2018 | $3,472 | $145,441 | $26,932 | $118,509 |
| 2017 | $3,441 | $142,590 | $26,404 | $116,186 |
| 2016 | $3,250 | $139,795 | $25,887 | $113,908 |
Source: Public Records
Agents Affiliated with this Home
-
Rylan Rozell
R
Seller's Agent in 2025
Rylan Rozell
Lockhart Real Estate Advisors
(661) 699-5494
1 in this area
31 Total Sales
-
N
Buyer's Agent in 2025
Non-Member Non-Member
Non-Member Office
-
Omid Daragahi
O
Seller's Agent in 2021
Omid Daragahi
BPM Real Estate
(818) 571-9338
4 in this area
41 Total Sales
-
Sanjeev Advani
Buyer's Agent in 2021
Sanjeev Advani
Sanjeev Advani, Broker
(661) 770-7382
1 in this area
49 Total Sales
-
Y
Seller's Agent in 2014
Yolanda Ponce
Unknown Broker
-
Christy Hynds
Buyer's Agent in 2014
Christy Hynds
Watson Realty
(661) 808-0353
52 Total Sales
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202502586
APN: 019-192-21-00-7
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.
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.
Nearby Homes
- 0 Dr Martin Luther King jr Blvd Unit 202412301
- 103 Clifton St
- 101 Clifton St
- 200 Clifton St
- 215 Clifton St
- 120 Clifton St
- 301 Tyree Toliver St
- 313 Dr Martin Luther King jr Blvd
- 116 Tyree Toliver St
- 318 S Haley St
- 200 Northrup St
- 112 Doctor Martin Luther King Junior Blvd
- 901 Doctor Martin Luther King Junior Blvd
- 1525 Doctor Martin Luther King Junior Blvd
- 210 Clyde St Unit A,B,C
- 30 S Owens St
- 347 Northrup St
- 506 S Haley St
- 1324 Murdock St
- 11 Augusta St