NOT LISTED FOR SALE
7 Beds
6 Baths
2,801 Sq Ft
10,454 Sq Ft Lot

Last Sold May 06, 2021

Last sale price $380,000 $136 Per Sq Ft

14 Days on Market

About This Home

As of May 2021

We are pleased to present for sale this unique five (5) unit multi-family property. Consisting of one (1) three (3) bedroom, two (2) bathroom unit, & four (4) studios, the offering sits on a 10,454sq.ft. lot and has a gross rentable square footage of 2801 sq.ft.. Located in a strong rental area, these units have no issue staying rented, not to mention the remodel/rehab done on the main house, consisting of an open/sensible new layout, new flooring, renovated restrooms, new water heaters, redone gas lines & fresh paint. The studios are also in great shape being rehabbed upon ownership; reflected by the condition of the parcel, this property boasts extreme pride of ownership shown by the tenants in place, a true diamond in the rough. This offering provides an excellent opportunity for a buyer to invest in one of the most historically affordable, cash-flow driven submarkets in California.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 03/23/2021

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Brandon Goedhart

Watson Realty License #02045854

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 10,454 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,801 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Downtown Elementary School
  • Stiern Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 13808111

Community Details

Overview

  • 5 Units
  • Pacific Improv Cos S Subdivision

Building Details

  • Gross Income $39,600
  • Net Operating Income $25,184

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1922
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2801.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater

Schools

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

Lot Info

  • Lot Size Sq Ft: 10454.00
  • Parcel #: 13808111

Multi Family

  • Total Annual Expense: 13228.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 5
  • Annual Gross Income: 39600.00
  • Property Net Operating Income: 25184.00

MLS Schools

  • Elementary School: Downtown

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
05/06/2021 05/06/21 Sold $380,000 -2.6% $136 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $389,999 +8.3% $139 / Sq Ft
06/30/2019 06/30/19 Sold $360,000 +0.3% $129 / Sq Ft
06/17/2019 06/17/19 Pending -- -- --
03/24/2019 03/24/19 For Sale $359,000 +75.1% $128 / Sq Ft
12/14/2016 12/14/16 Sold $205,000 -18.0% $73 / Sq Ft
11/09/2016 11/09/16 Pending -- -- --
10/06/2016 10/06/16 For Sale $250,000 +106.6% $89 / Sq Ft
12/14/2012 12/14/12 Sold $121,000 +5.2% $43 / Sq Ft
11/14/2012 11/14/12 Pending -- -- --
10/08/2012 10/08/12 For Sale $115,000 -- $41 / 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: 202103101

Bakersfield Association of REALTORS® / GEMLS