NOT LISTED FOR SALE
-- Bed
-- Bath
6,000 Sq Ft
0.37 Acres

Last Sold September 12, 2019

Last sale price $490,000 $82 Per Sq Ft

17 Days on Market

About This Home

As of September 2019

8 - 2bed/1bath units located in the East Bakersfield submarket. Built in 1963 these units are located in a high demand rental neighborhood. Currently rented for $625, the rents appear to have additional upside for the next investor. At only $61K/unit this is an aggressive price on 2 bedroom units.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 08/26/2019

Last Buyer's Agent

Christopher Dumayas

MZ Brokerage Inc. License #01954052

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 0.37 Acre Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 6,000 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 13802208

Community Details

Overview

  • 8 Units
  • Pacific Improv Subdivision

Building Details

  • Gross Income $60,000
  • Net Operating Income $23,962

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 6000.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 16263.00
  • Parcel #: 13802208

Multi Family

  • Total Annual Expense: 33539.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 8
  • Annual Gross Income: 60000.00
  • Property Net Operating Income: 23962.00
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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 List to Sale Price per Sq Ft Prior Sale
09/12/2019 09/12/19 Sold $490,000 0.0% $82 / Sq Ft
08/26/2019 08/26/19 For Sale $490,000 +55.6% $82 / Sq Ft
03/19/2014 03/19/14 Sold $315,000 -3.1% $53 / Sq Ft View Prior Sale
02/17/2014 02/17/14 Pending -- -- --
11/07/2013 11/07/13 For Sale $325,000 -- $54 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

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 $13,190 $530,390 $70,357 $460,033
2024 $13,190 $519,991 $68,978 $451,013
2023 $12,750 $509,796 $67,626 $442,170
2022 $12,096 $499,800 $66,300 $433,500
2021 $11,433 $490,000 $65,000 $425,000
2020 $11,222 $490,000 $65,000 $425,000
2019 $9,201 $353,075 $67,250 $285,825
2018 $10,244 $339,367 $64,640 $274,727
2017 $9,889 $332,714 $63,373 $269,341
2016 $5,496 $326,191 $62,131 $264,060
2015 $5,492 $321,292 $61,198 $260,094
2014 $4,186 $210,953 $50,227 $160,726
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21910073

Bakersfield Association of REALTORS® / GEMLS