NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.57 Acre Lot

Sale Details

Date Sold: August 27, 2014

Last sale price $555,000

437 Days on Market

About This Home

As of August 2014

Major price reduction as seller is now pursuing short sale. Two 8-unit buildings with all 2 bedroom units. Front building has 4 units rented at $675 each, and 4 units need major repairs. Rear building has all vacant units, boarded up, and units have some significant vandalism and damage. Approximately $70,000-90,000 in repairs needed. Seeking strong buyers with cash or non-contingent financing. Very attractive priced making this a fantastic opportunity for a value added purchase. Property has 2 APN,s:127-170-24 and 127-170-12.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 05/17/2013

Keller Williams Realty

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 05/17/2013

Keller Williams Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.57

Parking

  • 32 Car Parking Spaces
  • Uncovered Parking

Schools

  • Jefferson Bak Elementary School
  • Stiern Middle School
  • Highland School

Additional Features

  • 2-Story Property
  • 24,765 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 12717024

Community Details

Overview

  • 16 Units

Building Details

  • Gross Income $97,200
  • Net Operating Income $60,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.57 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1977
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 2

Exterior Features

  • Disclosures: Short Sale

Garage/Parking

  • Parking: 32.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater,Other

Schools

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

Lot Info

  • Lot Size Sq Ft: 24765.00
  • Parcel #: 12717024

Multi Family

  • Total Annual Expense: 36936.00
  • Vacancy Factor: 0.05
  • Number Of Units Total: 16
  • Annual Gross Income: 97200.00
  • Property Net Operating Income: 60264.00

MLS Schools

  • Elementary School: Jefferson_Bak

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

Closed on
Feb 6, 2019
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 2015
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
$6,164,250
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Listed on
May 17, 2013
Closed on
Aug 15, 2014
Sold by
Bought by
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$555,000
Sold Price
$555,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2006
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
$771,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 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
$720,000
Interest Rate
5.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2004
Sold by
Bought by

Purchase Details

Closed on
Oct 19, 2004
Sold by
Bought by

Purchase Details

Closed on
Sep 29, 2003
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
$580,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1999
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
$256,200
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 1996
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Pacific Coast Title Co
-- Commonwealth Land Title Co
$555,000 Chicago Title Company
$1,285,000 North American Title
$1,075,000 Ticor Title
-- Fidelity Title
$1,072,000 Fidelity Title
$795,000 Fidelity Title
$342,000 First American Title Co
$304,500 American Title Co
-- American Title Co
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 $5,000,000
Open $8,223,800
Previous Owner $6,164,250
Previous Owner $6,164,250
Previous Owner $555,000
Previous Owner $79,998
Previous Owner $771,000
Previous Owner $720,000
Previous Owner $580,000
Previous Owner $256,200
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
08/27/2014 08/27/14 Sold $555,000 0.0% --
07/28/2014 07/28/14 Pending -- -- --
05/17/2013 05/17/13 For Sale $555,000 -- --
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
2026 $7,530 $349,249 $36,772 $312,477
2025 $7,390 $342,401 $36,051 $306,350
2024 $7,390 $335,689 $35,345 $300,344
2023 $7,186 $329,107 $34,652 $294,455
2022 $6,960 $322,655 $33,973 $288,682
2021 $6,670 $316,329 $33,307 $283,022
2020 $6,381 $313,086 $32,966 $280,120
2019 $6,170 $318,688 $32,966 $285,722
2018 $6,075 $306,315 $31,687 $274,628
2017 $6,012 $300,310 $31,066 $269,244
2016 $4,897 $294,422 $30,457 $263,965
2015 $4,638 $267,500 $30,000 $237,500
2014 $5,447 $345,000 $35,000 $310,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21304715

Bakersfield Association of REALTORS® / GEMLS
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