Seller's Agent in 2022
Esteban Contreras
Watson Realty
(661) 617-0074
13 in this area
148 Total Sales
--
Bed
--
Bath
20,160
Sq Ft
1.59
Acres
Highlights
- Heated Floors
- 69,260 Sq Ft lot
- 1-Story Property
About This Home
As of January 2022CVPA is proud to present for this one of a kind opportunity to acquire a value-add multi-family asset located in the heart of Bakersfield CA. Situated on a 69,173 sq.ft. lot, with a gross rentable square footage of 20,160 the offering consists of eighteen (18) one bedroom, one bathroom units and fifteen (15) studios. This is a true value-add opportunity allowing any savvy investor the potential to increase rents 15%-20% above current gross income! & not to mention the ability to capitalize on Kern Counties 1%-2% vacancy rate!! Bakersfield Is home to the e-commerce giant Amazon, with its one-million+ square-foot fulfillment center & a second center currently under construction.
Last Agent to Sell the Property
Watson Realty License #01975384 Listed on: 10/20/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1971
Lot Details
- 1.59 Acre Lot
Parking
- Uncovered Parking
Interior Spaces
- 20,160 Sq Ft Home
- 1-Story Property
- Heated Floors
Schools
- Mckinley Elementary School
- Emerson Middle School
- Bakersfield High School
Listing and Financial Details
- Assessor Parcel Number 01032131
Community Details
Overview
- 33 Units
- The Lowell Addition Subdivision
Building Details
- Gross Income $253,008
- Net Operating Income $146,935
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
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/24/2022 01/24/22 | Sold | $2,675,000 | +0.9% | $133 / Sq Ft | |
| 12/25/2021 12/25/21 | Pending | -- | -- | -- | |
| 10/20/2021 10/20/21 | For Sale | $2,650,000 | +60.6% | $131 / Sq Ft | |
| 03/17/2017 03/17/17 | Sold | $1,650,000 | -2.9% | $82 / Sq Ft | View Prior Sale |
| 02/15/2017 02/15/17 | Pending | -- | -- | -- | |
| 12/07/2016 12/07/16 | For Sale | $1,700,000 | -- | $84 / 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 | $43,413 | $2,838,730 | $441,462 | $2,397,268 |
| 2024 | $43,413 | $2,783,069 | $432,806 | $2,350,263 |
| 2023 | $42,408 | $2,728,500 | $424,320 | $2,304,180 |
| 2022 | $31,093 | $1,804,513 | $227,477 | $1,577,036 |
| 2021 | $29,289 | $1,769,131 | $223,017 | $1,546,114 |
| 2020 | $28,665 | $1,750,992 | $220,731 | $1,530,261 |
| 2019 | $28,236 | $1,750,992 | $220,731 | $1,530,261 |
| 2018 | $27,714 | $1,683,000 | $212,160 | $1,470,840 |
| 2017 | $21,728 | $1,165,000 | $90,000 | $1,075,000 |
| 2016 | $20,536 | $1,165,000 | $90,000 | $1,075,000 |
| 2015 | $20,594 | $1,165,000 | $90,000 | $1,075,000 |
| 2014 | $19,557 | $1,100,000 | $170,000 | $930,000 |
Source: Public Records
Agents Affiliated with this Home
-
Esteban Contreras
-
Eric Van Denk
Seller Co-Listing Agent in 2022
Eric Van Denk
Central Valley Property Adviso
(419) 206-7117
16 in this area
258 Total Sales
-
Daniel Mena
Seller's Agent in 2017
Daniel Mena
Golden Valley RealEstate Group
(661) 333-8513
1 in this area
21 Total Sales
-
N
Buyer's Agent in 2017
Non-Member Non-Member
Non-Member Office
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202111423
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