NOT LISTED FOR SALE
-- Bed
-- Bath
3,782 Sq Ft
0.29 Acres

Last Sold June 10, 2024

Last sale price $550,000 $145 Per Sq Ft

69 Days on Market

About This Home

As of June 2024

An opportunity to grow your investment portfolio with this 5 unit complex in Bakersfield. This complex features three units that are 2 bedroom, 1 bathroom and two units that are 1 bedroom, 1 bathroom. This property has an open courtyard with a large grass area, covered carport for parking and private storage for tenants. Property is currently professionally managed and brings in $4650 in gross rents with a 6% CAP. Seller may finance.

Last Agent to Sell the Property

Mark Clemmer

Clemmer and Company Real Estat License #01994471 Listed on: 04/01/2024

Co-Listed By

Melinda Clemmer

Clemmer and Company Real Estat License #01911036

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.29

Parking

  • Carport

Home Design

  • Composition Roof

Interior Spaces

  • 3,782 Sq Ft Home
  • 1-Story Property

Schools

  • Mann Elementary School
  • Stiern Middle School
  • East High School

Additional Features

  • 0.29 Acre Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 13810114

Community Details

Overview

  • 5 Units
  • Pacific Improvement Companys S Subdivision

Building Details

  • Gross Income $55,800
  • Net Operating Income $35,191

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1971
  • Building Stories: 1
  • Deposit Amount Required: 6000.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.2900
  • Co List Office Mls Id: 12188
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3782.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heatcool: Evaporative

Schools

  • High School: East
  • Middle Or Junior School: Stiern, Walter

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 12632.00
  • Parcel #: 13810114

Multi Family

  • Total Annual Expense: 20609.00
  • Vacancy Factor: 0.10
  • Number Of Units Total: 5
  • Existing Lease Type: Net
  • Annual Gross Income: 55800.00
  • Property Net Operating Income: 35191.00

MLS Schools

  • Elementary School: Mann, Horace

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
06/10/2024 06/10/24 Sold $550,000 -2.7% $145 / Sq Ft
04/01/2024 04/01/24 For Sale $565,000 +2.7% $149 / Sq Ft
09/20/2022 09/20/22 Sold $550,000 0.0% $145 / Sq Ft
08/26/2022 08/26/22 For Sale $550,000 +68.7% $145 / Sq Ft
06/06/2019 06/06/19 Sold $326,000 -6.9% $86 / Sq Ft
05/07/2019 05/07/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $350,000 -- $93 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202403064

Bakersfield Association of REALTORS® / GEMLS