NOT LISTED FOR SALE
-- Beds
-- Baths
4,932 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: December 28, 2018

Last sale price $590,000 $120 Per Sq Ft

116 Days on Market

About This Home

As of December 2018

Investment opportunity to acquire 9 units with increased rents to maximize your profit and upgrades from the interior and exterior of some of the units. Consisting of (7) one bedroom and (2) two bedroom units. Always rented. Income and Expense statements available on request.

Last Agent to Sell the Property

Vricia Sanchez

Unknown Broker License #01983808 Listed on: 08/04/2018

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 15,974 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 4,932 Sq Ft Home
  • 1-Story Property

Schools

  • Beardsley Elementary And Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 11117301

Community Details

Overview

  • 9 Units

Building Details

  • Gross Income $65,580
  • Net Operating Income $54,210

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.37 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4932.00

Exterior Features

  • Disclosures: Corp. Owned

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat,Evaporative

Schools

  • High School: North
  • Middle Or Junior School: Beardsley

Lot Info

  • Lot Size Sq Ft: 15974.00
  • Parcel #: 11117301

Multi Family

  • Total Annual Expense: 11370.11
  • Vacancy Factor: 1.00
  • Number Of Units Total: 9
  • Annual Gross Income: 65580.00
  • Property Net Operating Income: 54209.89

MLS Schools

  • Elementary School: Beardsley

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2018
Sold by
Wmc Re Investments Inc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2018
Sold by
Wmc Re Investments Inc
Bought by
Wmc Re Investmetns Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 7, 2017
Closed on
Sep 18, 2017
Sold by
Cruz Pily and Oregel Irma Piedad
Bought by
Wmc Re Investments Inc
Seller's Agent
James Gutcher
Riverlakes Brokers Referral
Buyer's Agent
Vricia Sanchez
Unknown Broker
List Price
$495,000
Sold Price
$445,000
Premium/Discount to List
-$50,000
-10.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,750
Interest Rate
3.78%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2006
Sold by
Cruz Jose
Bought by
Oregel Irma Piedad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2006
Sold by
Gibbons Jimmy D and Gibbons Dorothy
Bought by
Oregel Irma Piedad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
6.57%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$590,000 Old Republic Title Co
Wmc Re Investmetns Inc -- Ticor Title Co
Wmc Re Investments Inc $445,000 First American Title Company
Oregel Irma Piedad -- Stewart Title Of Ca Inc
Oregel Irma Piedad $525,000 Stewart Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $302,000
Previous Owner Morgan Bonnie $175,000
Previous Owner Wmc Re Investmetns Inc $16,500
Previous Owner Wmc Re Investments Inc $333,750
Previous Owner Oregel Irma Piedad $367,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/28/2018 12/28/18 Sold $590,000 -8.6% $120 / Sq Ft
11/28/2018 11/28/18 Pending -- -- --
08/04/2018 08/04/18 For Sale $645,727 +45.1% $131 / Sq Ft
10/27/2017 10/27/17 Sold $445,000 -10.1% $90 / Sq Ft View Prior Sale
09/27/2017 09/27/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $495,000 -- $100 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,717 $671,312 $45,509 $625,803
2025 $15,172 $658,150 $44,617 $613,533
2024 $15,172 $645,246 $43,743 $601,503
2023 $14,710 $632,595 $42,886 $589,709
2022 $14,005 $620,193 $42,046 $578,147
2021 $13,316 $608,033 $41,222 $566,811
2020 $12,771 $601,800 $40,800 $561,000
2019 $12,651 $601,800 $40,800 $561,000
2018 $12,034 $445,000 $40,000 $405,000
2017 $11,614 $440,000 $110,000 $330,000
2016 $9,510 $585,000 $87,750 $497,250
2015 $5,494 $250,000 $50,000 $200,000
2014 $5,435 $250,000 $50,000 $200,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21809339

Bakersfield Association of REALTORS® / GEMLS
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