NOT LISTED FOR SALE
4 Beds
3 Baths
2,912 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: February 7, 2025

Last sale price $470,000 $161 Per Sq Ft

45 Days on Market

About This Home

As of February 2025

Value-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

Alejandro Mora

The Mora Partners Inc. Brokerage Phone: 661-463-8186 License #01820381 Listed on: 11/19/2024

Last Buyer's Agent

General NONMEMBER

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 12,672 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 2,912 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.29 Acres

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 00722001006
  • Year Built: 1910
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 161.40

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Other

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 12672.00
  • Lot Size Acres: 0.2909

Multi Family

  • Gross Income: 6600.00
  • Gross Scheduled Income: 66000.00
  • Lot Size Area: 12672.0000 Square Feet
  • Net Operating Income: 46200.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 19800.00
  • Rent Control: No

Tax Info

  • Tax Block: 39
  • Tax Census Tract: 19.02
  • Tax Lot: PTN
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 2558.00

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
Nov 19, 2024
Closed on
Jan 17, 2025
Sold by
Bought by
Seller's Agent
Alejandro Mora
The Mora Partners Inc.
Buyer's Agent
General NONMEMBER
NONMEMBER MRML
List Price
$49,000
Sold Price
$470,000
Premium/Discount to List
$421,000
859.18%
Views
66

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
0.0685%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2024
Sold by
Bought by
Source: Public Records
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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
$470,000 Chicago Title Company
$305,000 Chicago Title
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 $337,500
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
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

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 $4,947 $470,000 $100,000 $370,000
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
2015 $2,738 $82,000 $12,000 $70,000
2014 $3,994 $141,000 $30,000 $111,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24237167

California Regional Multiple Listing Service (CRMLS)

APN: 007-220-01

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