1823 Cherry St Bakersfield, CA 93304
Oleander-Sunset Neighborhood
4
Beds
3
Baths
2,912
Sq Ft
0.29
Acres
Highlights
- Laundry Room
- 1-Story Property
- 4-minute walk to Beale Park
About This Home
As of February 2025Value-Add Opportunity: 5-Unit Apartment Complex in Oleander on Cherry Street, Bakersfield. This property features 5 units across 3 buildings. Each has separate gas/electric meters. Conveniently located near schools, shopping, and transportation. Ideal for investors looking to maximize returns. Don't miss this opportunity!
Last Agent to Sell the Property
The Mora Partners Inc. Brokerage Phone: 661-463-8186 License #01820381 Listed on: 11/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,815
Year Built
- Built in 1910
Lot Details
- 0.29 Acre Lot
- Two or More Common Walls
- Density is 2-5 Units/Acre
Home Design
- Property Attached
Interior Spaces
- 2,912 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block PTN / 39
- Tax Tract Number 1
- Assessor Parcel Number 00722001006
- $2,558 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 5 Units
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Gross Income $6,600
- Net Operating Income $46,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 19, 2024
Closed on
Jan 17, 2025
Sold by
Sbe Lp
Bought by
Espinoza Galvan Heriberto and Orozco Edith Carolina Her
Seller's Agent
Alejandro Mora
The Mora Partners Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$49,000
Sold Price
$470,000
Premium/Discount to List
$421,000
859.18%
Total Days on Market
45
Views
66
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
$1,029
Avg. Annual Appreciation
0.71%
Original Mortgage
$337,500
Outstanding Balance
$336,929
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$134,101
Purchase Details
Closed on
Aug 20, 2024
Sold by
Johnson Harolyn L
Bought by
Sbe Lp
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $470,000 | Chicago Title Company | |
| Grant Deed | $305,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $337,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/07/2025 02/07/25 | Sold | $470,000 | -4.1% | $161 / Sq Ft |
| 11/19/2024 11/19/24 | Price Changed | $490,000 | +900.0% | $168 / Sq Ft |
| 11/19/2024 11/19/24 | For Sale | $49,000 | -- | $17 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $4,815 | $195,200 | $68,310 | $126,890 |
| 2023 | $4,815 | $191,373 | $66,971 | $124,402 |
| 2022 | $4,647 | $187,621 | $65,658 | $121,963 |
| 2021 | $4,274 | $183,943 | $64,371 | $119,572 |
| 2020 | $4,142 | $182,057 | $63,711 | $118,346 |
| 2019 | $4,066 | $182,057 | $63,711 | $118,346 |
| 2018 | $4,492 | $174,989 | $61,238 | $113,751 |
| 2017 | $3,956 | $171,559 | $60,038 | $111,521 |
| 2016 | $4,509 | $168,196 | $58,861 | $109,335 |
Source: Public Records
Agents Affiliated with this Home
-
Alejandro Mora
A
Seller's Agent in 2025
Alejandro Mora
The Mora Partners Inc.
(661) 204-8663
8 in this area
99 Total Sales
-
NoEmail NoEmail
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
1 in this area
5,575 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR24237167
APN: 007-220-01-00-6
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