$440,000
SOLD MAY 14, 2021

131 Dr Martin Luther King jr Blvd Bakersfield, CA 93307

Lakeview Neighborhood
-- Bed
-- Bath
4,400 Sq Ft
0.37 Acres

Recently Sold

$100 Per Sq Ft

33 Days on Market

About This Home

As of June 2025

Investment opportunity! 2 separate duplexes totally 4 units. 3 beds + 1.5 bath townhouses located close to shopping with central heat and a/c. Half bath downstairs for guest usage. Tile floors throughout. One unit has wood-like floors. 2 newer A/C units and water heaters. Security doors and security bars on windows. Fenced front yards. 2 uncovered parking spaces per unit. Units currently rent for $900/month but have potential for higher rent rates. Owner pays tenants water (not sub-metered). All units have indoor W/D hookups. Owner has taken pride in maintaining property.

Last Agent to Sell the Property

Omid Daragahi

BPM Real Estate License #01841431 Listed on: 03/12/2021

Last Buyer's Agent

Sanjeev Advani

Sanjeev Advani, Broker License #01869863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,965

Year Built

  • Built in 1983

Lot Details

  • 0.37 Acre Lot

Interior Spaces

  • 4,400 Sq Ft Home
  • 2-Story Property

Parking

  • 8 Car Parking Spaces
  • Uncovered Parking

Schools

  • Fremont Bak Elementary School
  • Chipman Middle School
  • Mira Monte High School

Listing and Financial Details

  • Assessor Parcel Number 01919221

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $43,200
  • Net Operating Income $18,489

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,965

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1983
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4400.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 8.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Mira Monte
  • Middle Or Junior School: Chipman

Lot Info

  • Lot Size Sq Ft: 16286.00
  • Parcel #: 01919221

Multi Family

  • Total Annual Expense: 24711.29
  • Vacancy Factor: 10.00
  • Number Of Units Total: 4
  • Annual Gross Income: 43200.00
  • Property Net Operating Income: 18488.71

MLS Schools

  • Elementary School: Fremont_Bak

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
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 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

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 $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

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202102711

Bakersfield Association of REALTORS® / GEMLS

APN: 019-192-21-00-7