NOT LISTED FOR SALE
-- Bed
-- Bath
11,854 Sq Ft
0.61 Acre Lot

Sale Details

Date Sold: September 1, 2021

Last sale price $3,400,000 $287 Per Sq Ft

1 Day on Market

About This Home

As of September 2021

45 units, fully occupied.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 08/01/2021

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Esteban Contreras

Watson Realty License #01975384 Listed on: 08/01/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.61

Interior Spaces

  • 11,854 Sq Ft Home
  • 2-Story Property

Parking

  • Carport
  • Uncovered Parking

Schools

  • Downtown Elementary School
  • Bakersfield High School

Additional Features

  • 26,571 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 00713029

Community Details

Overview

  • 45 Units
  • Southern Addition Subdivision

Building Details

  • Gross Income $311,400
  • Net Operating Income $196,337

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0.61 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1979
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 11854.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport, Uncovered

Utilities

  • Heatcool: Central AC

Schools

  • High School: Bakersfield

Lot Info

  • Lot Size Sq Ft: 26571.00
  • Parcel #: 00713029

Multi Family

  • Total Annual Expense: 105720.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 45
  • Annual Gross Income: 311400.00
  • Property Net Operating Income: 196337.00

MLS Schools

  • Elementary School: Downtown

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
Aug 1, 2021
Closed on
Oct 12, 2021
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Esteban Contreras
Watson Realty
List Price
$3,400,000
Sold Price
$3,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 1, 2021
Closed on
Aug 23, 2021
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Esteban Contreras
Watson Realty
List Price
$3,400,000
Sold Price
$3,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,550,000
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 15, 2005
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
$1,325,000
Interest Rate
0.0572%
Mortgage Type
Commercial
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
-- None Available
$3,400,000 First American Title Company
-- Stewart 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
Previous Owner $2,550,000
Previous Owner $1,325,000
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
09/01/2021 09/01/21 Sold $3,400,000 0.0% $287 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
08/01/2021 08/01/21 For Sale $3,400,000 -- $287 / 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 $24,611 $1,588,626 $144,323 $1,444,303
2024 $24,611 $1,557,478 $141,494 $1,415,984
2023 $24,035 $1,526,940 $138,720 $1,388,220
2022 $23,467 $1,497,000 $136,000 $1,361,000
2021 $13,130 $699,853 $116,630 $583,223
2020 $12,760 $692,678 $115,435 $577,243
2019 $12,591 $692,678 $115,435 $577,243
2018 $12,384 $665,782 $110,953 $554,829
2017 $12,357 $652,728 $108,778 $543,950
2016 $11,547 $639,931 $106,646 $533,285
2015 $11,466 $630,320 $105,045 $525,275
2014 $11,156 $617,974 $102,988 $514,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202109564

Bakersfield Association of REALTORS® / GEMLS
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