NOT LISTED FOR SALE

Estimated Value: $567,000 - $646,000

5 Beds
4 Baths
3,664 Sq Ft
$166/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $384,000 $105 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,003/month

47 Days on Market

About This Home

As of August 2019

The Crown Jewel Fourplex of the Oleander Area, with classic Craftsman architectural features. First time on the market in 32 years. Unit #1 is a 2bed/1bath with beautiful hardwood floors, renting for $840. The other three are 1bed/1bath units renting in the $700 range. These spacious apartments all have a built-in hutch with glass doors in the dining room. Kitchen and bathroom floors are all ceramic tile. Interior condition and upkeep of the units is impeccable. The original architectural style and flavor has been preserved with high standards by the owners. Electrical includes modern circuit breakers for all units. Tenants have their own gas and electric meters and washer/dryer hookups. There is virtually no vacancy factor: owners have almost always had eager, qualified tenants ready to move in before any move-out! There truly is significant upside potential in the rents. Don't miss this opportunity to own a slice of history in the heart of Bakersfield just one mile from downtown.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 06/14/2019

Keller Williams Realty

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 06/14/2019

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,590

Year Built

  • Built in 1919

Lot Details

  • 6,968 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 3,664 Sq Ft Home
  • 2-Story Property

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 00707207

Community Details

Overview

  • 4 Units
  • Oleander Subdivision

Building Details

  • Gross Income $34,680
  • Net Operating Income $23,024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,590

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1919
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3664.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

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

Lot Info

  • Lot Size Sq Ft: 6968.00
  • Parcel #: 00707207

Multi Family

  • Total Annual Expense: 10268.00
  • Vacancy Factor: 4.00
  • Number Of Units Total: 4
  • Annual Gross Income: 34680.00
  • Property Net Operating Income: 23024.00

MLS Schools

  • Elementary School: Penn, William

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2021
Sold by
Hayashi Noriko
Bought by
Hayashi Eiji
Current Estimated Value
$618,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,573
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 29, 2020
Sold by
Hoang Van Quoc
Bought by
Hayashi Eiji

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$402,573
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 14, 2019
Closed on
Jul 29, 2019
Sold by
Epstein Martin B and Epstein Barbara A
Bought by
Hoang Van Quoc
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$385,000
Sold Price
$384,000
Premium/Discount to List
-$1,000
-0.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$284,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 1994
Sold by
Epstein Martin B and Epstein Barbara A
Bought by
Epstein Martin B and Epstein Barbara A

Purchase Details

Closed on
Nov 17, 1993
Sold by
Epstein Martin B and Epstein Barbara A
Bought by
Epstein Martin B and Epstein Barbara A
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Hayashi Eiji -- Placer Title Company
Hayashi Eiji $410,000 Placer Title Company
Hoang Van Quoc $384,000 Chicago Title Bakersfield
Epstein Martin B -- --
Epstein Martin B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hayashi Eiji $402,573
Previous Owner Hoang Van Quoc $284,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $384,000 -0.3% $105 / Sq Ft
07/31/2019 07/31/19 Pending -- -- --
06/14/2019 06/14/19 For Sale $385,000 -- $105 / 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 $7,590 $443,795 $108,242 $335,553
2024 $7,590 $435,094 $106,120 $328,974
2023 $7,416 $426,564 $104,040 $322,524
2022 $7,218 $418,200 $102,000 $316,200
2021 $6,557 $387,978 $50,518 $337,460
2020 $6,420 $384,000 $50,000 $334,000
2019 $2,786 $87,482 $43,741 $43,741
2018 $2,736 $84,088 $42,044 $42,044
2017 $2,707 $82,440 $41,220 $41,220
2016 $2,590 $80,824 $40,412 $40,412
2015 $2,554 $79,610 $39,805 $39,805
2014 $2,477 $78,052 $39,026 $39,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21907146

Bakersfield Association of REALTORS® / GEMLS

APN: 007-072-07-00-5