Seller's Agent in 2022
Esteban Contreras
Watson Realty
(661) 617-0074
12 in this area
134 Total Sales
--
Bed
--
Bath
20,160
Sq Ft
1.59
Acre Lot
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
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
Listed on
Oct 20, 2021
Closed on
Jan 12, 2022
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Eric Van Denk
Central Valley Property Adviso
List Price
$2,650,000
Sold Price
$2,675,000
Premium/Discount to List
$25,000
0.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,006,250
Interest Rate
0.0311%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 7, 2016
Closed on
Feb 16, 2017
Sold by
Bought by
Seller's Agent
Daniel Mena
Golden Valley RealEstate Group
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$1,700,000
Sold Price
$1,650,000
Premium/Discount to List
-$50,000
-2.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.45%
Original Mortgage
$960,000
Interest Rate
0.0419%
Purchase Details
Closed on
Aug 15, 2006
Sold by
Bought by
Purchase Details
Closed on
Oct 18, 2004
Sold by
Bought by
Purchase Details
Closed on
Aug 17, 2004
Sold by
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
$945,000
Interest Rate
0.055%
Purchase Details
Closed on
Apr 5, 2004
Sold by
Bought by
Purchase Details
Closed on
Mar 22, 2001
Sold by
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
$500,000
Interest Rate
0.0709%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $2,675,000 | First American Title | ||
| $1,650,000 | Chicago Title Company | ||
| -- | Accommodation | ||
| -- | Chicago Title | ||
| $1,350,000 | Chicago Title | ||
| $440,000 | Fidelity National Title | ||
| $550,000 | American 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 | $2,006,250 | ||
| Previous Owner | $1,200,000 | ||
| Previous Owner | $960,000 | ||
| Previous Owner | $824,000 | ||
| Previous Owner | $917,000 | ||
| Previous Owner | $945,000 | ||
| Previous Owner | $500,000 |
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 |
|---|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 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
276 Total Sales
-
Daniel Mena
Seller's Agent in 2017
Daniel Mena
Golden Valley RealEstate Group
(661) 333-8513
1 in this area
20 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.
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