$497,000
SOLD MAR 28, 2025
-- Bed
-- Bath
2,977 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$167 Per Sq Ft

1% Below List Price

22 Days on Market

About This Home

As of March 2025

Tri-plex with excellent curb appeal. All three units are rented. All three units have recent renovation. Low maintenance costs in a good neighborhood with wide streets. Unit A is 2-bedroom 1 bath with open concept and front-yard access. Units B & C are symmetrical two-story units with 1,000 square feet each. Units B & C each have 2 bedrooms and 1.5 bath. All three units have private indoor laundry connections. Each unit has a private rooftop HVAC system that provides central heat and air conditioning.

Last Agent to Sell the Property

Luis Escamilla

Singh Properties License #01157879 Listed on: 02/04/2025

Last Buyer's Agent

Luis Escamilla

Singh Properties License #01157879 Listed on: 02/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Interior Spaces

  • 2,977 Sq Ft Home
  • 2-Story Property

Parking

  • Carport
  • 6 Car Parking Spaces

Schools

  • Roosevelt Bak Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 6,534 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00831302

Community Details

Overview

  • 3 Units
  • South Moorland Tract Subdivision

Building Details

  • Gross Income $45,720
  • Net Operating Income $40,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1974
  • Building Stories: 2
  • Deposit Amount Required: 5000.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.1500
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2977.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 6.00
  • Parking Features: Carport

Utilities

  • Heatcool: Central AC, Central Heat

Schools

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

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 6534.00
  • Parcel #: 00831302

Multi Family

  • Total Annual Expense: 5200.00
  • Vacancy Factor: 1.50
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 45720.00
  • Property Net Operating Income: 40520.00

MLS Schools

  • Elementary School: Roosevelt_Bak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2025
Closed on
Feb 13, 2025
Sold by
Virk Amarinder Singh and Kaur Amarpreet
Bought by
Panian Benida Monique
Seller's Agent
Luis Escamilla
Singh Properties
Buyer's Agent
Luis Escamilla
Singh Properties
List Price
$499,900
Sold Price
$497,000
Premium/Discount to List
-$2,900
-0.58%
Views
35
Current Estimated Value
$511,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,749
Avg. Annual Appreciation
3.82%
Original Mortgage
$252,000
Outstanding Balance
$250,491
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$261,258

Purchase Details

Closed on
Oct 14, 2022
Sold by
Clemence Jared R
Bought by
Virk Amarinder S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,750
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2019
Sold by
Poochigian Tarah Michelle
Bought by
Clemence Jared R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 13, 2015
Closed on
Dec 23, 2015
Sold by
Sangha Manjit
Bought by
Clemence Jared R
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Doreen Lane
Watson Realty
List Price
$249,500
Sold Price
$255,000
Premium/Discount to List
$5,500
2.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.20%
Original Mortgage
$250,381
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 16, 2004
Sold by
Dean Gino J and The Gino J Dean Living Trust
Bought by
Sangha Manjit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,800
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 2003
Sold by
Dean Gino J
Bought by
Dean Gino J and Gino J Dean Living Trust

Purchase Details

Closed on
Apr 12, 2002
Sold by
Zauder Thomas and Zauder Jacqueline
Bought by
Dean Gino J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.74%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Date Type Sale Price Title Company
Grant Deed $497,000 Chicago Title Company
Grant Deed $417,000 Chicago Title
Interfamily Deed Transfer -- Placer Title Company
Grant Deed $255,000 Chicago Title Company
Grant Deed $292,000 First American Title
Interfamily Deed Transfer -- --
Grant Deed $140,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $252,000 New Conventional
Previous Owner $312,750 New Conventional
Previous Owner $31,000 Construction
Previous Owner $250,381 FHA
Previous Owner $189,800 Purchase Money Mortgage
Previous Owner $112,000 Balloon
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/28/2025 03/28/25 Sold $497,000 -0.6% $167 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
02/04/2025 02/04/25 For Sale $499,900 +96.0% $168 / Sq Ft
12/30/2015 12/30/15 Sold $255,000 +2.2% $86 / Sq Ft View Prior Sale
11/30/2015 11/30/15 Pending -- -- --
08/13/2015 08/13/15 For Sale $249,500 -- $84 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

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 $6,859 $433,846 $46,818 $387,028
2024 $6,859 $425,340 $45,900 $379,440
2023 $6,708 $417,000 $45,000 $372,000
2022 $5,067 $284,452 $44,618 $239,834
2021 $4,774 $278,876 $43,744 $235,132
2020 $4,774 $276,018 $43,296 $232,722
2019 $4,580 $276,018 $43,296 $232,722
2018 $4,480 $265,302 $41,616 $223,686
2017 $4,450 $260,100 $40,800 $219,300
2016 $4,117 $255,000 $40,000 $215,000
2015 $3,506 $200,000 $50,000 $150,000
2014 $2,914 $153,000 $30,000 $123,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202501438

Bakersfield Association of REALTORS® / GEMLS

APN: 008-313-02-00-3