NOT LISTED FOR SALE

1720 Forrest St Bakersfield, CA 93304

Oleander-Sunset Neighborhood

Estimated Value: $463,050 - $690,000

2 Beds
1 Bath
1,328 Sq Ft
$403/Sq Ft Est. Value

Sale Details

Date Sold: July 22, 2022

Last sale price $492,000 $370 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,483 / mo

26 Days on Market

About This Home

As of July 2022

Great opportunity to purchase two brand new homes on one lot in Oleander area as an investment property with extraordinary cash flow. Both homes are 2 bedroom 1 bath and are identical. Each house has 10 foot ceilings with granite counter tops and large open concept kitchen. Both homes are currently leased each paying $1,695 per month. Property also has plenty of concrete around property for easy maintenance. Wont last.

Last Agent to Sell the Property

Eduardo Magana

Unknown Broker License #01849659 Listed on: 05/27/2022

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2022

Lot Details

  • 6,098

Home Design

  • Duplex

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Schools

  • Penn Elementary School
  • Curran Middle School
  • Bakersfield High School

Additional Features

  • 1-Story Property
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 00719713

Community Details

Overview

  • 2 Units
  • Resub Of Block 33 1/ Subdivision

Building Details

  • Gross Income $40,680
  • Net Operating Income $40,180

Property Details

Home Type

Multi-Family

Year Built

Built in 2022

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2022
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: NewHome
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 6098.00
  • Parcel #: 00719713

Multi Family

  • Total Annual Expense: 500.00
  • Vacancy Factor: 4.00
  • Number Of Units Total: 2
  • Annual Gross Income: 40680.00
  • Property Net Operating Income: 40180.00

MLS Schools

  • Elementary School: Penn, William

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
May 27, 2022
Closed on
Jul 18, 2022
Sold by
Bought by
Seller's Agent
Eduardo Magana
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$499,000
Sold Price
$492,000
Premium/Discount to List
-$7,000
-1.4%
Current Estimated Value
$535,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,013
Avg. Annual Appreciation
2.20%
Original Mortgage
$324,350
Outstanding Balance
$308,953
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$226,060

Purchase Details

Closed on
Jan 14, 2021
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
$225,000
Interest Rate
2.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2007
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
$38,000
Interest Rate
6.51%

Purchase Details

Closed on
Sep 23, 1994
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
$51,431
Interest Rate
8.58%
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

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
$492,000 Old Republic Title
$112,500 Placer Title Company
-- Alliance Title Company
-- Heritage Title Company
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 $324,350
Previous Owner $225,000
Previous Owner $38,000
Previous Owner $51,431
Closed $2,011
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
07/22/2022 07/22/22 Sold $492,000 -1.4% $370 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
05/27/2022 05/27/22 For Sale $499,000 +1147.5% $376 / Sq Ft
05/08/2019 05/08/19 Sold $40,000 -20.0% $30 / Sq Ft View Prior Sale
04/08/2019 04/08/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $50,000 -- $38 / 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 $7,022 $511,876 $72,828 $439,048
2024 $7,022 $501,840 $71,400 $430,440
2023 $6,882 $492,000 $70,000 $422,000
2022 $4,809 $319,422 $36,167 $283,255
2021 $2,085 $41,222 $30,917 $10,305
2020 $931 $40,800 $30,600 $10,200
2019 $1,448 $79,066 $27,631 $51,435
2018 $1,420 $75,998 $26,559 $49,439
2017 $1,410 $74,509 $26,039 $48,470
2016 $1,313 $73,049 $25,529 $47,520
2015 $1,301 $71,953 $25,146 $46,807
2014 $1,260 $70,545 $24,654 $45,891
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Eduardo Magana

    Unknown Broker

    Section Image

  • N

    Buyer's Agent in 2022

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202204697

Bakersfield Association of REALTORS® / GEMLS

APN: 007-197-13-00-2

California Kern County Bakersfield 93304 Oleander-Sunset

1720 Forrest St, Bakersfield, CA

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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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