NOT LISTED FOR SALE
5 Beds
3 Baths
4,320 Sq Ft
4,320 Sq Ft Lot

Last Sold March 29, 2024

Last sale price $530,000 $123 Per Sq Ft

1 Day on Market

About This Home

As of March 2024

Introducing an exceptional investment opportunity in Bakersfield! This property boasts five units in a prime location. Each unit offers quality living spaces, from cozy to spacious layouts. With convenient amenities and a thriving rental market, this property promises stable income and growth potential. Don't miss out on this chance to secure your foothold in Bakersfield's dynamic real estate market!

Last Agent to Sell the Property

Alejandro Mora

The Mora Partners Inc. Brokerage Phone: 661-463-8186 License #01820381 Listed on: 02/26/2024

Last Buyer's Agent

Eric Van Denk

Central Valley Property Advisors License #02071696

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 4,320 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 5 Bedrooms
  • 4,320 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • On-Street Parking

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Legal Lot and Block 202 / PTN
  • Assessor Parcel Number 00324204007
  • $1,550 per year additional tax assessments

Community Details

Overview

  • 5 Units

Recreation

  • Bike Trail

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 5 Separate Water Meters
  • Electric Expense $2,000
  • Fuel Expense $2,000
  • Insurance Expense $5,000
  • Trash Expense $5,000
  • Operating Expense $20,000
  • Gross Income $56,000
  • Net Operating Income $37,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Price Per Unit: 108000
  • Property Attached: Yes
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 00324204007
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: Front door
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 122.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No
  • Parking Features: Street
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 5000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4320.00
  • Lot Size Acres: 0.0992

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Electric Expense: 2000.00
  • Fuel Expense: 2000.00
  • Gross Income: 56000.00
  • Gross Scheduled Income: 48492.00
  • Insurance Expense: 5000.00
  • Lot Size Area: 4320.0000 Square Feet
  • Net Operating Income: 37000.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number Of Units Total: 5
  • Operating Expense: 20000.00
  • Rent Control: No
  • Total Expenses: 20000.00

Tax Info

  • Tax Block: PTN
  • Tax Census Tract: 16.00
  • Tax Lot: 202
  • TaxOtherAnnualAssessmentAmount: 1550.00

Range of Values:

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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 List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $530,000 -1.9% $123 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $540,000 -- $125 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24039427

California Regional Multiple Listing Service (CRMLS)

APN: 003-242-04