NOT LISTED FOR SALE
-- Beds
-- Baths
-- Sq Ft
0.91 Acre Lot

Sale Details

Date Sold: November 18, 2014

Last sale price $1,450,000

104 Days on Market

About This Home

As of November 2014

Prime location in quiet downtown neighborhood. Great visibility from Golden State Highway. 24 units with an attractive unit mix of eight 1-bedrooms (rents ranging from $600-$650/mo), eight 2-bedrooms (rents ranging from $675-$775/mo) and eight 3-bedrooms (rents ranging from $790-$850/mo). Well maintained property shows pride in ownership. Property amenities include: on-site laundry, pool and leasing office.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 07/07/2014

Last Buyer's Agent

Seth Johnson

Seth Johnson, Broker License #01469072

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.91

Parking

  • Uncovered Parking

Additional Features

  • 2-Story Property
  • 39,700 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 33221015

Community Details

Overview

  • 24 Units

Building Details

  • Gross Income $208,920
  • Net Operating Income $91,008

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0.91 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1975
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 2

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 39700.00
  • Parcel #: 33221015

Multi Family

  • Total Annual Expense: 102667.29
  • Vacancy Factor: 5.00
  • Number Of Units Total: 24
  • Annual Gross Income: 208920.00
  • Property Net Operating Income: 91007.53

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
Jul 12, 2017
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
$890,000
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 7, 2014
Closed on
Nov 3, 2014
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Seth Johnson
Seth Johnson, Broker
List Price
$1,500,000
Sold Price
$1,450,000
Premium/Discount to List
-$50,000
-3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2004
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
$700,000
Interest Rate
5.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 15, 2000
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2000
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
$28,961
Interest Rate
8.53%
Mortgage Type
Commercial
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
$1,750,000 Chicago Title Company
$1,450,000 Ticor Title Company
$1,350,000 Stewart Title
-- --
$580,000 Stewart 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 $1,065,000
Closed $890,000
Previous Owner $750,000
Previous Owner $1,099,000
Previous Owner $700,000
Previous Owner $28,961
Previous Owner $435,000
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
11/18/2014 11/18/14 Sold $1,450,000 -3.3% --
10/19/2014 10/19/14 Pending -- -- --
07/07/2014 07/07/14 For Sale $1,500,000 -- --
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 $31,186 $2,031,019 $139,267 $1,891,752
2025 $30,727 $1,991,196 $136,537 $1,854,659
2024 $30,727 $1,952,154 $133,860 $1,818,294
2023 $30,011 $1,913,878 $131,236 $1,782,642
2022 $29,307 $1,876,352 $128,663 $1,747,689
2021 $27,925 $1,839,562 $126,141 $1,713,421
2020 $27,459 $1,820,700 $124,848 $1,695,852
2019 $27,013 $1,820,700 $124,848 $1,695,852
2018 $26,470 $1,750,000 $120,000 $1,630,000
2017 $23,787 $1,501,553 $82,844 $1,418,709
2016 $21,922 $1,472,112 $81,220 $1,390,892
2015 $21,811 $1,450,000 $80,000 $1,370,000
2014 $17,186 $1,065,000 $40,000 $1,025,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21407160

Bakersfield Association of REALTORS® / GEMLS
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