NOT LISTED FOR SALE

1311 Lake St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $354,475 - $535,000

8 Beds
4 Baths
2,790 Sq Ft
$152/Sq Ft Est. Value

Last Sold September 07, 2016

Last sale price $175,000 $63 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $2,614/month

About This Home

As of September 2016

Wonderful investment opportunity, live in one and rent the other 3 units, close to schools,shopping, bus stops and everything ,tile floors on most of the units.

Last Agent to Sell the Property

Servando Rocha

Servando Rocha, Broker License #01434284 Listed on: 08/24/2016

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,813

Year Built

  • Built in 1969

Lot Details

  • 5,501

Interior Spaces

  • 2,790 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Additional Features

  • 5,501 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 01541013

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $27,600
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,813

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1969
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2790.00

Exterior Features

  • Disclosures: Short Sale

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative

Lot Info

  • Lot Size Sq Ft: 5501.00
  • Parcel #: 01541013

Multi Family

  • Total Annual Expense: 2200.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 27600.00
  • Property Net Operating Income: 27600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2023
Sold by
Group Ii Azusa Lp
Bought by
Group Xii Properties Lp
Current Estimated Value
$422,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,542,500
Outstanding Balance
$17,054,952
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$16,632,083

Purchase Details

Listed on
Aug 24, 2016
Closed on
Sep 21, 2016
Sold by
Herrera Carlos
Bought by
Group Ii Azusa Properties Lp
Seller's Agent
Servando Rocha
Servando Rocha, Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%

Purchase Details

Closed on
Nov 12, 2010
Sold by
Herrera Rosa I
Bought by
Herrera Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2010
Sold by
Casillas Graciella G and Casillas Enrique
Bought by
Herrera Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2005
Sold by
West Coast Ventures Inc
Bought by
Casillas Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2005
Sold by
Casillas Javier
Bought by
Casillas Graciela G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 2005
Sold by
Hemphill Ronald D
Bought by
West Coast Ventures Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 2004
Sold by
Page Jeffrey A and Page Karen D
Bought by
Hemphill Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,700
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 14, 2004
Sold by
Page Jeffrey A
Bought by
Page Jeffrey A and Page Karen D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,700
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage
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
Group Xii Properties Lp -- Orange Coast Title
Group Ii Azusa Properties Lp $175,000 Orange Coast Title Co
Herrera Carlos -- Chicago Title Company
Herrera Carlos $80,000 Chicago Title Company
Casillas Enrique $330,000 Alliance Title
Casillas Graciela G -- Alliance Title
West Coast Ventures Inc -- --
Hemphill Ronald D $218,000 Commonwealth Title
Page Jeffrey A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Group Xii Properties Lp $17,542,500
Previous Owner Herrera Carlos $60,000
Previous Owner Casillas Enrique $264,000
Previous Owner Hemphill Ronald D $213,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2016 09/07/16 Sold $175,000 0.0% $63 / Sq Ft
08/24/2016 08/24/16 For Sale $175,000 -- $63 / 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 $4,813 $203,097 $40,617 $162,480
2024 $4,813 $199,116 $39,821 $159,295
2023 $4,687 $195,213 $39,041 $156,172
2022 $4,526 $191,386 $38,276 $153,110
2021 $4,157 $187,634 $37,526 $150,108
2020 $4,025 $185,711 $37,142 $148,569
2019 $3,948 $185,711 $37,142 $148,569
2018 $3,869 $178,500 $35,700 $142,800
2017 $3,836 $175,000 $35,000 $140,000
2016 $2,655 $86,578 $16,232 $70,346
2015 $2,618 $85,279 $15,989 $69,290
2014 $2,539 $83,609 $15,676 $67,933
Source: Public Records

Agents Affiliated with this Home

  • Servando Rocha

    Seller's Agent in 2016

    Servando Rocha

    Servando Rocha, Broker

    (661) 835-0068

    1 in this area

    18 Total Sales

    Servando Rocha
    Section Image

  • N

    Buyer's Agent in 2016

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21610212

Bakersfield Association of REALTORS® / GEMLS

APN: 015-410-13-00-5

California Kern County Bakersfield 93305 East Bakersfield

1311 Lake St, Bakersfield, CA

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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