NOT LISTED FOR SALE

208 Browning Rd Mc Farland, CA 93250

Estimated Value: $292,978 - $325,000

4 Beds
1 Bath
1,525 Sq Ft
$205/Sq Ft Est. Value

Last Sold October 24, 2022

Last sale price $250,000 $164 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,908/month

143 Days on Market

About This Home

As of October 2022

We are pleased to present for sale these two houses on one lot featuring two, two (2) bedroom, one (1) bathroom units. The offering is situated on a 7405 sq. ft. lot and has a gross rentable square footage of 1525 sq. ft. This is a true value-add opportunity with rents 15-20% below market value and not to mention all utilities (including water) are paid for by the tenants which in-turn will noticeably increase your NOI. McFarland is about 25 minutes north of Bakersfield and is deeply rooted in the agriculture business which is the leading employer for the town. The enticing unit mix and rental upside, not to mention few landlord responsibility, is all the reason why these properties would be a good fit for your portfolio.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 05/04/2022

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Adrian Garcia

Unknown Broker License #02012299

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Carport

Home Design

  • Duplex

Interior Spaces

  • 1,525 Sq Ft Home
  • 1-Story Property

Schools

  • Browning Road Elementary School
  • Mcfarland Middle School
  • Mcfarland High School

Listing and Financial Details

  • Assessor Parcel Number 20116426

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $16,200
  • Net Operating Income $11,680

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1987
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1525.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: McFarland
  • Middle Or Junior School: McFarland

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Parcel #: 20116426

Multi Family

  • Total Annual Expense: 4520.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 2
  • Annual Gross Income: 16200.00
  • Property Net Operating Income: 11680.00

MLS Schools

  • Elementary School: Browning Road

Range of Values:

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Value Increase
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Percent Increase
--
Adjusted for Inflation
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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
10/24/2022 10/24/22 Sold $250,000 -3.5% $164 / Sq Ft
09/24/2022 09/24/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $259,000 -- $170 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

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 $3,324 $260,100 $52,020 $208,080
2024 $3,269 $255,000 $51,000 $204,000
2023 $3,269 $250,000 $50,000 $200,000
2022 $1,161 $71,863 $5,967 $65,896
2021 $1,042 $70,454 $5,850 $64,604
2020 $1,042 $69,733 $5,791 $63,942
2019 $932 $69,733 $5,791 $63,942
2018 $922 $67,027 $5,567 $61,460
2017 $902 $65,713 $5,458 $60,255
2016 $892 $64,425 $5,351 $59,074
2015 $878 $63,458 $5,271 $58,187
2014 $846 $62,216 $5,168 $57,048
Source: Public Records

Agents Affiliated with this Home

  • Esteban Contreras

    Seller's Agent in 2022

    Esteban Contreras

    Watson Realty

    (661) 617-0074

    2 in this area

    148 Total Sales

    Esteban Contreras
    Section Image
  • Eric Van Denk

    Seller Co-Listing Agent in 2022

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    2 in this area

    258 Total Sales

    Eric Van Denk
    Section Image

  • A

    Buyer's Agent in 2022

    Adrian Garcia

    Unknown Broker

    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202204722

Bakersfield Association of REALTORS® / GEMLS

APN: 201-164-26-00-6

California Kern County McFarland

208 Browning Rd, McFarland, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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