$275,000
SOLD MAR 28, 2025
-- Bed
-- Bath
2,462 Sq Ft
4,791 Sq Ft Lot

Recently Sold

$112 Per Sq Ft

18% Below List Price

35 Days on Market

About This Home

As of March 2025

Value-Add Triplex Opportunity in Downtown Bakersfield! This property presents a compelling value-add opportunity in the vibrant Old Westchester Downtown area of Bakersfield. Situated on 20th Street, this property is within walking distance of downtown businesses, hospitals, nightlife, restaurants, and entertainment venues. The property consists of two structures: a front house in livable condition and a back structure with two units damaged by fire. Importantly, all three units have separate gas and electric meters, a significant advantage for tenant billing and expense management. This presents a unique opportunity for renovation and repositioning to capitalize on the strong rental market in the area.

Last Agent to Sell the Property

Eric Mora

The Mora Partners Inc. License #01879460 Listed on: 02/14/2025

Last Buyer's Agent

Mike Bettes

The Cope Real Estate Team License #01951953

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Interior Spaces

  • 2,462 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Parking

  • 2 Car Garage
  • Uncovered Parking

Schools

  • Franklin Elementary School
  • Emerson Middle School
  • Bakersfield High School

Additional Features

  • 4,791 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 00335204

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $52,800
  • Net Operating Income $34,320

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1941
  • Building Stories: 2
  • Deposit Amount Required: 3000.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.1100
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2462.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 2.00
  • Number Of Garages: 2
  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Evaporative, Floor/Wall Heater

Schools

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

Lot Info

  • Zoning Description: CO or R3, buyer to verify
  • Lot Size Sq Ft: 4791.00
  • Parcel #: 00335204

Multi Family

  • Total Annual Expense: 18480.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 52800.00
  • Property Net Operating Income: 34320.00

MLS Schools

  • Elementary School: Franklin
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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
03/28/2025 03/28/25 Sold $275,000 -17.9% $112 / Sq Ft
02/14/2025 02/14/25 For Sale $335,000 -- $136 / 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 $3,478 $140,837 $57,990 $82,847
2024 $3,478 $138,076 $56,853 $81,223
2023 $3,386 $135,370 $55,739 $79,631
2022 $3,267 $132,717 $54,647 $78,070
2021 $2,992 $130,116 $53,576 $76,540
2020 $2,892 $128,783 $53,027 $75,756
2019 $2,838 $128,783 $53,027 $75,756
2018 $2,781 $123,784 $50,969 $72,815
2017 $2,757 $121,358 $49,970 $71,388
2016 $2,596 $118,980 $48,991 $69,989
2015 $2,567 $117,194 $48,256 $68,938
2014 $2,488 $114,899 $47,311 $67,588
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202501889

Bakersfield Association of REALTORS® / GEMLS

APN: 003-352-04