NOT LISTED FOR SALE

2124 Pacific St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $259,000 - $355,000

4 Beds
2 Baths
1,654 Sq Ft
$178/Sq Ft Est. Value

Last Sold January 04, 2017

Last sale price $157,000 $95 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,870/month

16 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • 1-Story Property

About This Home

As of January 2017

Great investment opportunity!! Two homes in one lot with a 1-car garage each. Good tenants! They pay on time. PLEASE DO NOT DISTURB TENANTS. Drive by only and shown by appointment.

Last Agent to Sell the Property

Patty Quintero

Patricia Quintero Real Estate License #01131716 Listed on: 11/14/2016

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1949

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,654 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Wood
  • Tile

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $18,000

Community Details

Overview

  • 1,654 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $900
  • Maintenance Expense $50
  • Operating Expense $2,768
  • Gross Income $18,000

Property Details

Home Type

Multi-Family

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-3
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1654
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Living Sq Ft: 1654
  • Stories: 1
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Crawl Space, Pillars / Posts / Piers
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5724.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5724.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 9.17
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 900
  • Expense Maintenance: 50
  • Expenses Total: 2768
  • Income Annual Gross: 18000.00
  • Income Annual Rental: 18000
  • Income Gross Scheduled: 18000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2016
Sold by
Arce Jose Luis
Bought by
Arce Jose Luis
Current Estimated Value
$294,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
3.59%
Mortgage Type
New Conventional
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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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
Arce Jose Luis -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Arce Jose Luis $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2017 01/04/17 Sold $157,000 -4.8% $95 / Sq Ft
12/01/2016 12/01/16 Pending -- -- --
11/14/2016 11/14/16 For Sale $165,000 +120.0% $100 / Sq Ft
05/20/2015 05/20/15 Sold $75,000 -48.3% $91 / Sq Ft View Prior Sale
09/15/2014 09/15/14 Pending -- -- --
08/18/2014 08/18/14 For Sale $145,000 -- $176 / Sq Ft
Source: MLSListings

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 $3,954 $182,206 $34,815 $147,391
2024 $3,954 $178,634 $34,133 $144,501
2023 $3,830 $175,132 $33,464 $141,668
2022 $3,606 $171,699 $32,808 $138,891
2021 $3,415 $168,333 $32,165 $136,168
2020 $3,341 $166,608 $31,836 $134,772
2019 $3,228 $166,608 $31,836 $134,772
2018 $3,144 $160,140 $30,600 $129,540
2017 $2,140 $77,665 $31,066 $46,599
2016 $1,819 $76,143 $30,457 $45,686
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Patty Quintero

    Patricia Quintero Real Estate

    Section Image

  • R

    Buyer's Agent in 2017

    RECIP

    Out of Area Office

  • J

    Seller's Agent in 2015

    Jesse E Reyes

    Patricia Quintero Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81631793

MLSListings

APN: 138-012-15-00-5

California Kern County Bakersfield 93305 East Bakersfield

2124 Pacific St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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