NOT LISTED FOR SALE

1918 Cherry St Bakersfield, CA 93304

Oleander-Sunset Neighborhood

Estimated Value: $427,772 - $556,000

7 Beds
3 Baths
2,856 Sq Ft
$170/Sq Ft Est. Value

Sale Details

Date Sold: June 5, 2024

Last sale price $435,000 $152 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,212 / mo

2 Days on Market

Highlights

  • Central Heating and Cooling System
  • 1-Story Property
  • 4-minute walk to Beale Park

About This Home

As of June 2024

1918 Cherry Street- Introducing 1918 Cherry Street, a prime opportunity nestled in the heart of Bakersfield, California. This meticulously maintained triplex, constructed in 1982, offers a harmonious blend of modern convenience and timeless charm. Comprising two spacious 2-bedroom/1-bathroom units and one inviting 3-bedroom/2-bathroom unit, this property spans a generous 2,856 square feet, ensuring ample space and comfort for residents. Boasting a gross scheduled income of $36,708, and priced at an enticing $435,000, this investment promises both immediate returns and long-term potential. With its strategic location, well-appointed units, and promising rental income, 1918 Cherry Street stands as a compelling opportunity for investors seeking to expand their portfolio in the vibrant Bakersfield real estate market.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 04/22/2024

Last Buyer's Agent

Max Aranda

661 Realty License #01713332

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 7,405

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 2,856 Sq Ft Home
  • 1-Story Property

Schools

  • Penn Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00720014

Community Details

Overview

  • 3 Units
  • Southern Addition Subdivision

Building Details

  • Gross Income $35,616
  • Net Operating Income $21,647

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1982
  • Building Stories: 1
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.1700
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2856.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 7405.00
  • Parcel #: 00720014

Multi Family

  • Total Annual Expense: 12900.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 35616.00
  • Property Net Operating Income: 21647.00

MLS Schools

  • Elementary School: Penn, William

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
Apr 22, 2024
Closed on
Jun 3, 2024
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Max Aranda
661 Realty
List Price
$435,000
Sold Price
$435,000
Views
14
Current Estimated Value
$485,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,943
Avg. Annual Appreciation
5.75%
Original Mortgage
$348,000
Outstanding Balance
$341,536
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$144,407

Purchase Details

Listed on
Apr 22, 2024
Closed on
May 7, 2024
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Max Aranda
661 Realty
List Price
$435,000
Sold Price
$435,000
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Outstanding Balance
$341,536
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$144,407

Purchase Details

Closed on
Sep 8, 2021
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
$231,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2016
Sold by
Bought by

Purchase Details

Closed on
May 15, 2014
Sold by
Bought by

Purchase Details

Closed on
Apr 18, 2008
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
$242,650
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2007
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
$280,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 16, 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
$214,400
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 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
$165,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
-- Placer Title
$435,000 Placer Title
-- Chicago Title Company
-- Chicago Title Company
-- Old Republic Title Company
-- None Available
-- Old Republic Title Company
-- North American Title Company
-- North American Title Company
-- --
$268,000 Ticor Title
$206,000 American 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
Open $348,000
Previous Owner $231,000
Previous Owner $242,650
Previous Owner $280,000
Previous Owner $214,400
Previous Owner $165,000
Closed $26,800
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
06/05/2024 06/05/24 Sold $435,000 0.0% $152 / Sq Ft
04/25/2024 04/25/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $435,000 -- $152 / 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 $7,080 $443,700 $76,500 $367,200
2024 $6,109 $373,551 $34,838 $338,713
2023 $6,109 $366,227 $34,155 $332,072
2022 $5,371 $310,000 $50,000 $260,000
2021 $5,206 $315,000 $40,000 $275,000
2020 $4,840 $290,000 $40,000 $250,000
2019 $4,211 $240,000 $40,000 $200,000
2018 $4,116 $235,000 $60,000 $175,000
2017 $3,937 $218,000 $30,000 $188,000
2016 $3,658 $214,000 $30,000 $184,000
2015 $3,506 $200,000 $50,000 $150,000
2014 $2,690 $133,000 $20,000 $113,000
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2024

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    8 in this area

    93 Total Sales

    Marc Thurston
    Section Image
  • Max Aranda

    Buyer's Agent in 2024

    Max Aranda

    661 Realty

    (661) 487-2549

    5 in this area

    140 Total Sales

    Max Aranda
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202403893

Bakersfield Association of REALTORS® / GEMLS

APN: 007-200-14-00-8

California Kern County Bakersfield 93304 Oleander-Sunset

1918 Cherry St, Bakersfield, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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