NOT LISTED FOR SALE
-- Bed
-- Bath
6,783 Sq Ft
0.27 Acres

Last Sold August 15, 2022

Last sale price $600,000 $88 Per Sq Ft

14 Days on Market

About This Home

As of August 2022

Calling all investors. Add this 8-unit apartment complex to your portfolio. This property is a work in progress/fixer upper. Property is located in the East of Bakersfield and has great vacancy turnaround times. Units 1-6 are tenant occupied. Units 7-8 are vacant. All units have the same two-story layout with 2 bedrooms upstairs and kitchen/dining area/living room downstairs. Most tenant occupied units need some work done. Roof needs repair, several A/C units on the roof need possible replacement. Units 7-8 need extensive work done to get them rent ready. Rents are currently far below market value. Property has a lot of potential.

Last Agent to Sell the Property

Valeria Puente

Valeria Puente, Broker License #02036188 Listed on: 08/01/2022

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.27 Acre Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 6,783 Sq Ft Home
  • 2-Story Property

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 13808203

Community Details

Overview

  • 8 Units

Building Details

  • Gross Income $44,700
  • Net Operating Income $36,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1978
  • Building Stories: 2
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 6783.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 11761.00
  • Parcel #: 13808203

Multi Family

  • Total Annual Expense: 8000.00
  • Vacancy Factor: 25.00
  • Number Of Units Total: 8
  • Annual Gross Income: 44700.00
  • Property Net Operating Income: 36700.00

MLS Schools

  • Elementary School: Mann, Horace

Range of Values:

Collateral Analytics

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ICE

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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
08/15/2022 08/15/22 Sold $600,000 -7.7% $88 / Sq Ft
08/01/2022 08/01/22 For Sale $650,000 -- $96 / 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: 202208679

Bakersfield Association of REALTORS® / GEMLS