NOT LISTED FOR SALE
-- Bed
-- Bath
2,400 Sq Ft
27,007 Sq Ft Lot

Last Sold April 13, 2022

Last sale price $2,475,000 $1,031 Per Sq Ft

19 Days on Market

About This Home

As of April 2022

We are pleased to offer this 20 Unit apartment building that is now available For Sale in Bakersfield, California (Northern Sub-Market). The drive times from this address conclude it's primely located: Hwy 99 is just 2 miles West, the Amazon Distribution Center is 3.7 miles away, and Meadows Field Airport only 3.5 miles away. The apartments feature four (4) Town-Home buildings with identical layouts throughout each of the units with the gross rentable square footage at 16,000 square feet. Every apartment features two (2) bedrooms with 1.5 baths, an on-site laundry area, private parking, and the two buildings to the North have their own private patios. An asset like is the ideal investment to re-position as the current rent rolls are below market value.

Last Agent to Sell the Property

Felix Diaz

Executive, REALTORS® License #01981655 Listed on: 02/23/2022

Last Buyer's Agent

Erlin Casas

Maya Properties License #01360505

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.62 Acre Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property

Schools

  • Standard Elementary And Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 11230308

Community Details

Overview

  • 20 Units

Building Details

  • Gross Income $171,300
  • Net Operating Income $121,465

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0.62 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1979
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2400.00

Exterior Features

  • Disclosures: Corp. Owned

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: North
  • Middle Or Junior School: Standard

Lot Info

  • Lot Size Sq Ft: 27007.00
  • Parcel #: 11230308

Multi Family

  • Total Annual Expense: 49835.76
  • Vacancy Factor: 0.01
  • Number Of Units Total: 20
  • Annual Gross Income: 171300.00
  • Property Net Operating Income: 121465.00

MLS Schools

  • Elementary School: Standard
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2022 04/13/22 Sold $2,475,000 -2.9% $1,031 / Sq Ft
03/14/2022 03/14/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $2,550,000 -- $1,063 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $47,647 $2,626,489 $100,814 $2,525,675
2024 $47,647 $2,574,990 $98,838 $2,476,152
2023 $46,021 $2,524,500 $96,900 $2,427,600
2022 $23,737 $765,634 $112,750 $652,884
2021 $22,215 $750,623 $110,540 $640,083
2020 $21,043 $742,927 $109,407 $633,520
2019 $20,788 $742,927 $109,407 $633,520
2018 $23,194 $714,080 $105,159 $608,921
2017 $22,346 $700,080 $103,098 $596,982
2016 $13,611 $686,354 $101,077 $585,277
2015 $13,391 $676,045 $99,559 $576,486
2014 $13,123 $662,803 $97,609 $565,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202201819

Bakersfield Association of REALTORS® / GEMLS
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