NOT LISTED FOR SALE

Estimated Value: $479,828 - $544,000

8 Beds
4 Baths
3,325 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $415,000 $125 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,397/month

77 Days on Market

About This Home

As of July 2022

Fourplex in East Bakersfield. All Units are 2 Bedroom / 1 Bathroom. Rents are considerably under market. Value Add Opportunity! Long Term Section-8 Tenants, Professionally Managed.

Last Agent to Sell the Property

Daniel Holt

Portfolio Properties License #01732002 Listed on: 04/13/2022

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,452

Year Built

  • Built in 1972

Lot Details

  • 7,405 Sq Ft Lot

Interior Spaces

  • 3,325 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Schools

  • Williams Bak Elementary School
  • Stiern Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 01526004

Community Details

Overview

  • 4 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $31,440
  • Net Operating Income $23,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,452

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1972
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3325.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: East
  • Middle Or Junior School: Stiern, Walter

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Parcel #: 01526004

Multi Family

  • Total Annual Expense: 7920.00
  • Vacancy Factor: 2.00
  • Number Of Units Total: 4
  • Annual Gross Income: 31440.00
  • Property Net Operating Income: 23520.00

MLS Schools

  • Elementary School: Williams_Bak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2022
Sold by
Johnson Cynthia M
Bought by
Kaa Properties Lp
Current Estimated Value
$509,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
5.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 28, 2005
Sold by
Johnson Jamont
Bought by
Johnson Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 4, 2002
Sold by
Rider James Harvey and Rider Revocable Living Trust
Bought by
Hines Cynthia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kaa Properties Lp $415,000 First American Title
Johnson Cynthia M -- Chicago Title
Johnson Cynthia M -- Chicago Title
Hines Cynthia M $118,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hines Cynthia M $0
Previous Owner Johnson Cynthia M $336,000
Previous Owner Johnson Cynthia M $246,000
Previous Owner Hines Cynthia M $176,000
Previous Owner Hines Cynthia M $94,400
Closed Hines Cynthia M $23,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $415,000 -2.4% $125 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $425,000 -- $128 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

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 $7,452 $431,766 $104,040 $327,726
2024 $7,452 $423,300 $102,000 $321,300
2023 $7,280 $415,000 $100,000 $315,000
2022 $4,204 $164,251 $25,050 $139,201
2021 $3,839 $161,031 $24,559 $136,472
2020 $3,839 $159,381 $24,308 $135,073
2019 $3,637 $159,381 $24,308 $135,073
2018 $3,565 $153,194 $23,365 $129,829
2017 $3,534 $150,191 $22,907 $127,284
2016 $3,333 $147,247 $22,458 $124,789
2015 $3,295 $145,036 $22,121 $122,915
2014 $3,194 $142,196 $21,688 $120,508
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202203831

Bakersfield Association of REALTORS® / GEMLS

APN: 015-260-04-00-6