NOT LISTED FOR SALE

1422 Niles St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $534,000

2 Beds
3 Baths
3,579 Sq Ft
$149/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $460,000 $129 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,451/month

16 Days on Market

About This Home

As of June 2022

Super Clean 4-plex with Master Unit in East Bakersfield. Unit A (3/2) with fireplace, Unit B(1/1), Unit C(2/1) and Unit D(2/1) with a common laundry that brings in extra income. 4 parking spaces. Updated windows to dual-pane and HVAC's on all units approximatley 10-15 years ago. Tenants pay their own gas/electric and are on Month-to-Month rental agreements-long term tenants. Rents are below market, great value add opportunity!

Last Agent to Sell the Property

Alejandro Mora

The Mora Partners Inc. License #01820381 Listed on: 05/09/2022

Last Buyer's Agent

Alejandro Mora

The Mora Partners Inc. License #01820381 Listed on: 05/09/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Carport

Interior Spaces

  • 3,579 Sq Ft Home
  • 1-Story Property

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 01515011

Community Details

Overview

  • 4 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $32,400
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1971
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3579.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Carport

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 #: 01515011

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 32400.00
  • Property Net Operating Income: 1.00

MLS Schools

  • Elementary School: Williams_Bak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
May 13, 2022
Sold by
Gutierrez Miguel E and Gutierrez Blanca E
Bought by
Torres Jose Jesus
Seller's Agent
Alejandro Mora
The Mora Partners Inc.
Buyer's Agent
Alejandro Mora
The Mora Partners Inc.
List Price
$450,000
Sold Price
$460,000
Premium/Discount to List
$10,000
2.22%
Current Estimated Value
$534,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,000
Avg. Annual Appreciation
4.24%
Original Mortgage
$341,250
Outstanding Balance
$322,462
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$211,538

Purchase Details

Closed on
Apr 16, 2003
Sold by
Gutierrez Miguel and Gutierrez Blanca E
Bought by
Gutierrez Miguel and Gutierrez Blanca E

Purchase Details

Closed on
Jan 7, 2003
Sold by
Hud
Bought by
Gutierrez Miguel and Gutierrez Blanca E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.85%

Purchase Details

Closed on
Oct 29, 2002
Sold by
Countrywide Home Loans Inc
Bought by
Hud

Purchase Details

Closed on
Feb 20, 2002
Sold by
Hardy J D and Hardy Wanda Lou
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Oct 29, 1996
Sold by
Hud
Bought by
Hardy J D and Hardy Wanda Lou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,900
Interest Rate
7.88%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 10, 1996
Sold by
Knutson Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Feb 20, 1996
Sold by
Ayers Weldon and Ayers Evelyn
Bought by
Knutson Mtg Corp

Purchase Details

Closed on
Mar 7, 1995
Sold by
Dovenmuehle Mtg Inc
Bought by
Dovenmuehle Mtg Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Torres Jose Jesus $460,000 Chicago Title
Gutierrez Miguel -- --
Gutierrez Miguel $120,000 Fidelity Title
Hud -- North American Title Co
Countrywide Home Loans Inc $97,659 North American Title Co
Hardy J D $75,500 American Title Co
Hud -- First American Title
Knutson Mtg Corp $108,834 First American Title Ins Co
Dovenmuehle Mtg Inc $95,306 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Jose Jesus $341,250
Previous Owner Gutierrez Miguel $96,000
Previous Owner Hardy J D $88,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $460,000 +2.2% $129 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $450,000 -- $126 / 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 $8,102 $488,154 $106,120 $382,034
2024 $8,102 $478,584 $104,040 $374,544
2023 $7,919 $469,200 $102,000 $367,200
2022 $4,198 $163,754 $34,110 $129,644
2021 $3,833 $160,544 $33,442 $127,102
2020 $3,833 $158,899 $33,100 $125,799
2019 $3,631 $158,899 $33,100 $125,799
2018 $3,560 $152,730 $31,815 $120,915
2017 $3,528 $149,737 $31,192 $118,545
2016 $3,328 $146,802 $30,581 $116,221
2015 $3,290 $144,598 $30,122 $114,476
2014 $3,189 $141,766 $29,532 $112,234
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alejandro Mora

    The Mora Partners Inc.

    (661) 204-8663

    9 in this area

    108 Total Sales

    Alejandro Mora
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202204928

Bakersfield Association of REALTORS® / GEMLS

APN: 015-150-11-00-4

California Kern County Bakersfield 93305 East Bakersfield

1422 Niles St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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