NOT LISTED FOR SALE

20671 Chaney Dr Richgrove, CA 93261

Estimated Value: $591,000 - $613,000

9 Beds
4 Baths
-- Sq Ft
0.89 Acres Lot

Sale Details

Date Sold: April 28, 2022

Last sale price $550,000

Est. 10% increase in value since last sale

Current estimated payment $3,725 / mo

36 Days on Market

About This Home

As of April 2022

Rare Opportunity to own 4 units!! Initially built in the early 1900s, this historical site was the beloved Richgrove Hotel. In recent years, the building was converted to a multi-family home with 4 units. The property has long standing tenants. This oversized lot has great potential for further development. Great investment opportunity! Situated on an oversized lot, this property is a must see. Current rents are low but has potential to bring in rents from $950-$1050 for the 2 bedroom units and $1100-$1300 for the 3 bedroom unit based on current fair market values. Make offer subject to interior inspection. Please Do Not Disturb Tenants.

Last Agent to Sell the Property

Terri Garcia

New Generation Real Estate Gro License #1118401 Listed on: 02/21/2022

Co-Listed By

Joshua Garcia

New Generation Real Estate Gro License #01159908

Last Buyer's Agent

Debra McTaggart

Epique Realty License #01930648

Epique Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • 0.89

Parking

  • 4 Car Parking Spaces

Schools

  • Delano High School

Additional Features

  • 2-Story Property
  • 38,842 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 340-051-010-000

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $33,096
  • Net Operating Income $22,955

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.89 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1910
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Co List Office Mls Id: 8414
  • Special Features: None
  • Stories: 2

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Other

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Delano
  • Middle Or Junior School: Other-Outlying

Lot Info

  • Lot Size Sq Ft: 38842.00
  • Parcel #: 340-051-010-000

Multi Family

  • Total Annual Expense: 10141.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 4
  • Annual Gross Income: 33096.00
  • Property Net Operating Income: 22955.00

MLS Schools

  • Elementary School: Other-Outlying

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2023
Sold by
Saleh Rakan Ali and Sumyah Mohammed
Bought by
Rakan Saleh And Sumyah Alqashri Revocable Tru and Saleh
Current Estimated Value
$603,137

Purchase Details

Closed on
Sep 14, 2023
Sold by
Alrubay Taj and Andera Ali
Bought by
Taj Alrubay And Andera Saleh Revocable Trust and Alrubay

Purchase Details

Listed on
Feb 21, 2022
Closed on
May 4, 2022
Sold by
Rakan Saleh
Bought by
Saleh Rakan and Alqashri Sumyah Mohammed
Seller's Agent
Terri Garcia
New Generation Real Estate Gro
Buyer's Agent
Debra McTaggart
Epique Realty
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.33%
Original Mortgage
$345,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2022
Closed on
Apr 26, 2022
Sold by
Mohammed Alqashri Sumyah
Bought by
Saleh Rakan
Seller's Agent
Terri Garcia
New Generation Real Estate Gro
Buyer's Agent
Debra McTaggart
Epique Realty
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 21, 2022
Closed on
Mar 7, 2022
Sold by
Abdulla Stella
Bought by
Saleh Rakan
Seller's Agent
Terri Garcia
New Generation Real Estate Gro
Buyer's Agent
Debra McTaggart
Epique Realty
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2003
Sold by
Lamug Calixto Edison D
Bought by
Abdulla Abdulla B and Abdulla Stella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.17%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rakan Saleh And Sumyah Alqashri Revocable Tru -- None Listed On Document
Taj Alrubay And Andera Saleh Revocable Trust -- None Listed On Document
Saleh Rakan -- --
Saleh Rakan -- Chicago Title
Saleh Rakan $550,000 Chicago Title
Abdulla Abdulla B $108,000 Cuesta Title
Lamug Calixto Edison D -- Cuesta Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saleh Rakan $345,000
Previous Owner Saleh Rakan $345,000
Previous Owner Abdulla Abdulla B $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2022 04/28/22 Sold $550,000 +10.2% --
03/29/2022 03/29/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $499,000 -- --
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 $6,590 $583,663 $79,590 $504,073
2024 $6,590 $572,220 $78,030 $494,190
2023 $4,186 $336,513 $79,265 $257,248
2022 $3,572 $329,915 $77,711 $252,204
2021 $3,970 $323,446 $76,187 $247,259
2020 $2,974 $225,000 $50,000 $175,000
2019 $2,624 $195,000 $40,000 $155,000
2018 $2,637 $195,000 $40,000 $155,000
2017 $2,662 $195,000 $40,000 $155,000
2016 $2,445 $180,000 $40,000 $140,000
2015 $2,007 $200,000 $50,000 $150,000
2014 $2,007 $140,000 $40,000 $100,000
Source: Public Records

Agents Affiliated with this Home

  • Terri Garcia

    Seller's Agent in 2022

    Terri Garcia

    New Generation Real Estate Gro

    (661) 477-3743

    102 Total Sales

    Terri Garcia
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Joshua Garcia

    New Generation Real Estate Gro

    13 Total Sales

    Joshua Garcia
    Section Image
  • Debra McTaggart

    Buyer's Agent in 2022

    Debra McTaggart

    Epique Realty

    (661) 204-0159

    49 Total Sales

    Debra McTaggart
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202201742

Bakersfield Association of REALTORS® / GEMLS

APN: 340-051-010-000

California Tulare County Richgrove 93215

20671 Chaney Dr, Richgrove, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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