$375,000

Estimated payment $2,337/month

Total Views 12,753
-- Bed
-- Bath
1,644 Sq Ft
$228 Price per Sq Ft

About This Home

Here is the income producing opportunity you have been waiting for. The property was purchased in November 2022 and has been extensively updated in the last two years. This property features 2 homes on 1 lot. 2011 & 2011-1/2 Orange st. These properties are in the desirable Oleander area near BHS. The front home has 2 bedrooms and 1 bath and is 926 sq ft. The rear home has 2 bedrooms and 1 bath and is 750 sq ft. The front unit is currently tenant occupied. Properties have newer interior paint, flooring and mini-split A/C units. Exterior paint is newer as well. Property will qualify FHA. Don't miss this chance to add to your investment portfolio in a desirable neighborhood. Ideal for savvy investors or owner-occupants looking for rental income. Schedule an appointment to see this property today!

Listing Agent

Martin Buchanan

Keller Williams Realty Kern License #01986013 Listed on: 09/25/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Home Design

  • Duplex

Interior Spaces

  • 1,644 Sq Ft Home
  • 1-Story Property

Schools

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

Additional Features

  • 4,791 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 00719201

Community Details

Overview

  • 2 Units
  • Southern Add Subdivision

Building Details

  • Gross Income $32,000
  • Net Operating Income $22,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

4,791 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1951
  • Building Stories: 1
  • Deposit Amount Required: 4000.00
  • Property Sub Type: 2 homes on 1 Lot
  • Lot Size Acres: 0.1100
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1644.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Central AC

Schools

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

Lot Info

  • Zoning Description: R-3
  • Lot Size Sq Ft: 4791.00
  • Parcel #: 00719201

Multi Family

  • Total Annual Expense: 7800.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Annual Gross Income: 32000.00
  • Property Net Operating Income: 22800.00

MLS Schools

  • Elementary School: Penn, William

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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 $4,885 $316,281 $41,616 $274,665
2024 $4,780 $310,080 $40,800 $269,280
2023 $4,780 $304,000 $40,000 $264,000
2022 $1,754 $52,697 $11,167 $41,530
2021 $1,575 $51,665 $10,949 $40,716
2020 $1,575 $51,136 $10,837 $40,299
2019 $1,482 $51,136 $10,837 $40,299
2018 $1,454 $49,152 $10,417 $38,735
2017 $1,440 $48,189 $10,213 $37,976
2016 $1,373 $47,245 $10,013 $37,232
2015 $1,354 $46,536 $9,863 $36,673
2014 $1,313 $45,625 $9,670 $35,955
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2024 09/25/24 For Sale $375,000 +23.4% $228 / Sq Ft
11/18/2022 11/18/22 Sold $304,000 -17.8% $185 / Sq Ft View Prior Sale
10/19/2022 10/19/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $369,900 +68.1% $225 / Sq Ft
04/05/2022 04/05/22 Sold $220,000 0.0% $142 / Sq Ft View Prior Sale
03/06/2022 03/06/22 Pending -- -- --
02/02/2022 02/02/22 For Sale $220,000 -- $142 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409580

Bakersfield Association of REALTORS® / GEMLS

APN: 007-192-01-00-2

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