Estimated payment $9,949/month
About This Home
We are honored to exclusively bring to market this 12-unit multifamily investment with a clear, proven path to higher returns. With 5 of 12 units already remodeled, the groundwork is laid for a new investor to step in, complete the remaining upgrades, and unlock significant rental growth in a stabilized asset. This property is already producing strong in-place cash flow, backed by key exterior capital improvements including new paint, fencing, landscaping, and staircase repairs. The remodeled units have demonstrated the rent potential, offering an investor the ability to capture an extreme rental increase once fully stabilized. With a current NOI of $107,228 and a pro forma projection Significantly higher (20%!!) this is a rare opportunity to acquire a high-yielding asset with built-in equity upside. The heavy lifting has been donenow it's about executing on the final stage to drive long-term cash flow growth. Serious investors onlycall now to discuss financials and next steps.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2006
Interior Spaces
- 3,610 Sq Ft Home
- 2-Story Property
Schools
- Franklin Elementary School
- Emerson Middle School
- Bakersfield High School
Additional Features
- 3,049 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 00322208
Community Details
Overview
- 12 Units
- Bakersfield Subdivision
Building Details
- Gross Income $166,892
- Net Operating Income $107,228
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,329 | $671,105 | $23,271 | $647,834 |
| 2024 | $10,329 | $657,947 | $22,815 | $635,132 |
| 2023 | $10,089 | $645,047 | $22,368 | $622,679 |
| 2022 | $9,853 | $632,400 | $21,930 | $610,470 |
| 2021 | $7,635 | $473,381 | $13,586 | $459,795 |
| 2020 | $7,483 | $468,528 | $13,447 | $455,081 |
| 2019 | $7,368 | $468,528 | $13,447 | $455,081 |
| 2018 | $7,228 | $450,336 | $12,926 | $437,410 |
| 2017 | $7,210 | $441,507 | $12,673 | $428,834 |
| 2016 | $6,662 | $432,851 | $12,425 | $420,426 |
| 2015 | $6,626 | $426,350 | $12,239 | $414,111 |
| 2014 | $6,434 | $418,000 | $12,000 | $406,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/01/2025 07/01/25 | Sold | $1,050,000 | 0.0% | $291 / Sq Ft | View Prior Sale |
| 05/13/2025 05/13/25 | Pending | -- | -- | -- | |
| 04/10/2025 04/10/25 | For Sale | $1,050,000 | -40.0% | $291 / Sq Ft | |
| 04/01/2025 04/01/25 | Price Changed | $1,750,000 | -2.5% | $485 / Sq Ft | |
| 02/20/2025 02/20/25 | For Sale | $1,795,000 | +328.9% | $497 / Sq Ft | |
| 11/18/2013 11/18/13 | Sold | $418,500 | -2.3% | $116 / Sq Ft | View Prior Sale |
| 10/19/2013 10/19/13 | Pending | -- | -- | -- | |
| 04/25/2013 04/25/13 | For Sale | $428,500 | -- | $119 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202502099
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Information is deemed reliable but not guaranteed.
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