$324,999

Estimated payment $1,861/month

Total Views 8,178
-- Bed
-- Bath
1,001 Sq Ft
$325 Price per Sq Ft

Highlights

  • Heated Floors
  • Evaporated cooling system
  • 1-Story Property

About This Home

Savy deal for a sharp investor! Excellent investment opportunity in East Bakersfield with Section 8 tenants! 2 houses on 1 lot plus a 3rd studio in the back. Front unit is a 2 bedroom 1.5 bath, middle unit is 1 bedroom 1 bath, very back 3rd unit is a studio. Unit A and B were updated in 2021 and Unit C was updated in November of 2024. Make an offer today!

Listing Agent

Moiz Lakdawala

Keller Williams Realty License #01881688 Listed on: 01/13/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Interior Spaces

  • 1,001 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Owens Elementary School
  • Lincoln Middle School
  • Bakersfield High School

Additional Features

  • 3,484 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 01812229

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $29,148
  • Net Operating Income $27,668

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1945
  • Building Stories: 1
  • Deposit Amount Required: 3250.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.0800
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1001.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Evaporative, Floor/Wall Heater, Other

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Lincoln

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 3484.00
  • Parcel #: 01812229

Multi Family

  • Total Annual Expense: 1480.00
  • Vacancy Factor: 0.02
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 29148.00
  • Property Net Operating Income: 27668.00

MLS Schools

  • Elementary School: Owens, B. E.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,958 $229,500 $35,700 $193,800
2024 $1,958 $61,283 $18,022 $43,261
2023 $1,902 $60,082 $17,669 $42,413
2022 $1,828 $58,905 $17,323 $41,582
2021 $1,648 $57,751 $16,984 $40,767
2020 $1,582 $57,159 $16,810 $40,349
2019 $1,553 $57,159 $16,810 $40,349
2018 $1,524 $54,941 $16,158 $38,783
2017 $1,509 $53,865 $15,842 $38,023
2016 $1,435 $52,810 $15,532 $37,278
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2025 01/13/25 For Sale $324,999 +44.8% $325 / Sq Ft
06/28/2024 06/28/24 Sold $224,500 0.0% $224 / Sq Ft View Prior Sale
06/27/2024 06/27/24 Pending -- -- --
06/27/2024 06/27/24 Price Changed $224,500 -2.0% $224 / Sq Ft
04/26/2024 04/26/24 For Sale $229,000 +518.9% $229 / Sq Ft
02/08/2013 02/08/13 Sold $37,000 -7.3% $37 / Sq Ft View Prior Sale
01/11/2013 01/11/13 For Sale $39,900 +42.5% $40 / Sq Ft
01/08/2013 01/08/13 Sold $28,000 +33.3% $28 / Sq Ft View Prior Sale
12/28/2012 12/28/12 Pending -- -- --
12/11/2012 12/11/12 For Sale $21,000 -- $21 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $224,500 Placer Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $168,375 New Conventional
Source: Public Records

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202500342

Bakersfield Association of REALTORS® / GEMLS

APN: 018-122-29-00-3