I
Seller's Agent in 2023
Isaac Guanajuato
Equinox Strategic Partners
1437 Lake St Bakersfield, CA 93305
East Bakersfield NeighborhoodEstimated Value: $440,667 - $482,000
3
Beds
2
Baths
2,312
Sq Ft
$196/Sq Ft
Est. Value
About This Home
As of January 2023Price reduction to $389,000! Seller motivated. Under $100,000 per unit! Bakersfield is a stand-alone market within proximity to the LA market area that is pricing at a 6% plus cap rate. This property is priced at a 6.5% cap rate with rental adjustments, scheduled for 1/1/22, bringing the cap rate to 7.9%. Submit offers today. Turn-key profit-generating property. 4 units in the heart of Bakersfield. Perfect 1031 Exchange opportunity with immediate cash flow.
Last Agent to Sell the Property
Isaac Guanajuato
Equinox Strategic Partners License #01427659 Listed on: 11/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,851
Year Built
- Built in 1964
Lot Details
- 5,663 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Home Design
- 2,312 Sq Ft Home
- Quadruplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Assessor Parcel Number 01542024000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- 3 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Net Operating Income $3,150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 15, 2022
Closed on
Dec 27, 2022
Sold by
Oduntan Olubunmi
Bought by
Oduntan Folake
Seller's Agent
Isaac Guanajuato
Equinox Strategic Partners
Buyer's Agent
Adam Olayiwola
ALTA REALTY GROUP CA, INC.
List Price
$389,000
Sold Price
$365,000
Premium/Discount to List
-$24,000
-6.17%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,917
Avg. Annual Appreciation
8.78%
Original Mortgage
$292,000
Outstanding Balance
$282,838
Interest Rate
6.33%
Estimated Equity
$171,079
Purchase Details
Listed on
Nov 15, 2022
Closed on
Dec 19, 2022
Sold by
Recinos Raul
Bought by
Oduntan Folake
Seller's Agent
Isaac Guanajuato
Equinox Strategic Partners
Buyer's Agent
Adam Olayiwola
ALTA REALTY GROUP CA, INC.
List Price
$389,000
Sold Price
$365,000
Premium/Discount to List
-$24,000
-6.17%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Outstanding Balance
$282,838
Interest Rate
6.33%
Estimated Equity
$171,079
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Oduntan Folake | -- | Ticor Title | |
| Oduntan Folake | $365,000 | Ticor Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Oduntan Folake | $292,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2023 01/23/23 | Sold | $365,000 | -6.2% | $158 / Sq Ft |
| 01/06/2023 01/06/23 | For Sale | $389,000 | 0.0% | $168 / Sq Ft |
| 11/15/2022 11/15/22 | For Sale | $389,000 | +27.5% | $168 / Sq Ft |
| 11/12/2022 11/12/22 | Pending | -- | -- | -- |
| 04/27/2021 04/27/21 | Sold | $305,000 | +2.0% | $132 / Sq Ft |
| 02/26/2021 02/26/21 | Pending | -- | -- | -- |
| 02/05/2021 02/05/21 | For Sale | $299,000 | +22.5% | $129 / Sq Ft |
| 02/06/2020 02/06/20 | Sold | $244,000 | -0.4% | $106 / Sq Ft |
| 01/07/2020 01/07/20 | Pending | -- | -- | -- |
| 01/05/2019 01/05/19 | For Sale | $244,900 | +81.4% | $106 / Sq Ft |
| 06/22/2016 06/22/16 | Sold | $135,000 | -3.6% | $58 / Sq Ft |
| 05/23/2016 05/23/16 | Pending | -- | -- | -- |
| 09/02/2015 09/02/15 | For Sale | $140,000 | +37.3% | $61 / Sq Ft |
| 08/24/2012 08/24/12 | Sold | $102,000 | -1.9% | $44 / Sq Ft |
| 07/25/2012 07/25/12 | Pending | -- | -- | -- |
| 07/09/2012 07/09/12 | For Sale | $104,000 | +40.8% | $45 / Sq Ft |
| 01/31/2012 01/31/12 | Sold | $73,875 | -7.4% | -- |
| 01/01/2012 01/01/12 | Pending | -- | -- | -- |
| 08/12/2011 08/12/11 | For Sale | $79,800 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $6,851 | $379,746 | $104,040 | $275,706 |
| 2024 | $6,851 | $372,300 | $102,000 | $270,300 |
| 2023 | $6,128 | $317,322 | $52,020 | $265,302 |
| 2022 | $5,947 | $311,100 | $51,000 | $260,100 |
| 2021 | $4,863 | $246,527 | $50,518 | $196,009 |
| 2020 | $3,546 | $146,126 | $37,884 | $108,242 |
| 2019 | $3,480 | $146,126 | $37,884 | $108,242 |
| 2018 | $3,412 | $140,454 | $36,414 | $104,040 |
| 2017 | $3,381 | $137,700 | $35,700 | $102,000 |
| 2016 | $3,257 | $140,428 | $26,004 | $114,424 |
Source: Public Records
Agents Affiliated with this Home
-
-
Adam Olayiwola
A
Buyer's Agent in 2023
Adam Olayiwola
ALTA REALTY GROUP CA, INC.
(858) 277-6173
1 in this area
20 Total Sales
-
Jenny Segovia
Seller's Agent in 2021
Jenny Segovia
Luxury Collective
(424) 395-4841
2 in this area
245 Total Sales
-
Josue Najera
Buyer's Agent in 2021
Josue Najera
In Real Estate, Inc.
(310) 666-6780
1 in this area
9 Total Sales
-
Eric Mora
Seller's Agent in 2020
Eric Mora
The Mora Partners Inc.
(661) 463-8186
19 in this area
578 Total Sales
-
N
Buyer's Agent in 2020
Non-Member Non-Member
Non-Member Office
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB22242535
APN: 015-420-24-00-0
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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