NOT LISTED FOR SALE

Estimated Value: $670,258 - $721,000

12 Beds
4 Baths
3,932 Sq Ft
$177/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $610,000 $155 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,538/month

29 Days on Market

Highlights

  • Lawn
  • Tile Flooring
  • Central Heating and Cooling System
  • Laundry Room

About This Home

As of August 2022

Excellent Bakersfield 4-plex offering in Central/East Bakersfield with $5245/month rents, and a 10.3 GRM! Each unit is a 3 bedroom/1 bath unit with rents ranging from $1245 to $1350. Tenants all paying timely rents, and pay their own gas and electric bills. Still 10% upside on the rents to make your investment even sweeter! C and D units were remodeled just 2 years ago with granite countertops, fresh paint walls/cabinets, tile floors,appliances. Units have central air/heating, W/D hookups, dual-pane windows. Unit A possibly to make a move in April, gives buyer an opportunity to OWNER OCCUPY or pick a tenant of their choice, captivating a full market rent! Happy, clean tenants. Modern 100-Amp electric so no insurance issues. AC units are serviced every year-are believed to all be 10 years old or newer. The new roof is estimated at 2016 install. 3932 SF AS PER PUBLIC RECORD.

Last Agent to Sell the Property

Roshawn Helmandi

HG Realty License #02073945 Listed on: 06/07/2022

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,591

Year Built

  • Built in 1986

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,932 Sq Ft Home
  • Tile Flooring

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • Washer and Gas Dryer Hookup

Parking

  • Parking Available
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Sewer Connected

Listing and Financial Details

  • Legal Lot and Block 7,8 / 212
  • Tax Tract Number 1500
  • Assessor Parcel Number 01736010006
  • $1,910 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,200
  • Maintenance Expense $1,056
  • Other Expense $645
  • Trash Expense $842
  • Water Sewer Expense $2,146
  • Operating Expense $6,875
  • Gross Income $52,800
  • Net Operating Income $46,452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,591

Year Built

Built in 1986

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 2146.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 01736010006
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Unfurnished
  • Common Walls: 2+ Common Walls
  • Flooring: Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 155.14

Exterior Features

  • Foundation: Slab
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, In Kitchen, Inside, Washer Hookup
  • Sewer: None, Public Sewer
  • Trash Expense: 842.38
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000
  • Latitude Manual: 35.36877200

Multi Family

  • Average3 Bed Area: 983 Square Feet
  • Gross Income: 52800.00
  • Gross Scheduled Income: 52800.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 8712.0000 Square Feet
  • Maintenance Expense: 1056.00
  • Net Operating Income: 46452.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 6875.00
  • Other Expense: 645.24
  • Other Expense Description: Sewer
  • Rent Control: Yes
  • Total Expenses: 6875.00

Tax Info

  • Tax Block: 212
  • Tax Lot: 7,8
  • Tax Tract Number: 001500
  • Tax Annual Amount: 2590.95
  • TaxOtherAnnualAssessmentAmount: 1909.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 29, 2022
Sold by
Roma Helmandi
Bought by
Helmandi Hamid
Seller's Agent
Roshawn Helmandi
HG Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$580,000
Sold Price
$610,000
Premium/Discount to List
$30,000
5.17%
Views
2
Current Estimated Value
$696,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,565
Avg. Annual Appreciation
3.70%
Original Mortgage
$488,000
Outstanding Balance
$467,040
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$229,525

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 18, 2022
Sold by
Hamid Helmandi
Bought by
Citygate Investment Properties Llc
Seller's Agent
Roshawn Helmandi
HG Realty
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$580,000
Sold Price
$610,000
Premium/Discount to List
$30,000
5.17%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Outstanding Balance
$467,040
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$229,525

Purchase Details

Listed on
Mar 14, 2012
Closed on
Sep 24, 2012
Sold by
Deutsche Bank National Trust Company
Bought by
Helmandi Hamid
Seller's Agent
Christina Nunez
Unknown Broker
Buyer's Agent
Christina Nunez
Unknown Broker
List Price
$52,900
Sold Price
$49,000
Premium/Discount to List
-$3,900
-7.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.55%

Purchase Details

Closed on
Mar 2, 2011
Sold by
Agras Conrado and Efigenio Nicolas
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 7, 2004
Sold by
Bender Barry L and Bender Daniel S
Bought by
Agras Conrado and Efigenio Nicolas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 1998
Sold by
Bender Terrie L
Bought by
Bender Barry L

Purchase Details

Closed on
Feb 28, 1994
Sold by
Bender Paulina
Bought by
Bender Daniel S

Purchase Details

Closed on
Feb 18, 1994
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bender Daniel S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Helmandi Hamid -- None Listed On Document
Citygate Investment Properties Llc $610,000 New Title Company Name
Helmandi Hamid $50,000 Lsi
Deutsche Bank National Trust Company $140,250 Accommodation
Agras Conrado $335,000 Ticor Title
Efigenio Miguel -- Ticor Title
Efigenio Nicolas -- Ticor Title
Bender Barry L -- --
Bender Barry L -- --
Bender Daniel S -- First American Title Ins Co
Bender Daniel S $45,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Citygate Investment Properties Llc $488,000
Previous Owner Agras Conrado $301,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2025 05/30/25 For Sale $649,500 0.0% --
04/25/2025 04/25/25 Pending -- -- --
03/29/2025 03/29/25 For Sale $649,500 +6.5% --
08/05/2022 08/05/22 Sold $610,000 +5.2% $155 / Sq Ft
06/07/2022 06/07/22 For Sale $580,000 +1083.7% $148 / Sq Ft
11/09/2012 11/09/12 Sold $49,000 -7.4% $12 / Sq Ft View Prior Sale
10/10/2012 10/10/12 Pending -- -- --
03/14/2012 03/14/12 For Sale $52,900 -- $13 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,792 $634,644 $104,040 $530,604
2024 $9,792 $622,200 $102,000 $520,200
2023 $9,580 $610,000 $100,000 $510,000
2022 $2,943 $58,011 $23,203 $34,808
2021 $2,591 $56,875 $22,749 $34,126
2020 $2,591 $56,293 $22,516 $33,777
2019 $2,417 $56,293 $22,516 $33,777
2018 $2,376 $54,109 $21,643 $32,466
2017 $2,348 $53,049 $21,219 $31,830
2016 $2,268 $52,009 $20,803 $31,206
2015 $2,232 $51,229 $20,491 $30,738
2014 $2,166 $50,226 $20,090 $30,136
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR22098174

California Regional Multiple Listing Service (CRMLS)

APN: 017-360-10-00-6

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