Seller's Agent in 2024
Brad New
Vanguard Property Group
(714) 446-0100
4 in this area
29 Total Sales
2212 Cullen Ct Bakersfield, CA 93314
Estimated Value: $874,258 - $1,276,000
10
Beds
9
Baths
4,316
Sq Ft
$231/Sq Ft
Est. Value
Highlights
- No Units Above
- Laundry Room
- Gas Fireplace
- Rosedale Middle School Rated A-
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of May 2024Price Improvement for Pride of Ownership Multifamily! The Liberty Park apartments are a Pride of Ownership, single story 4 Unit multifamily property built in 2004, and located in prime northwest Bakersfield, CA. The subject property is listed as part of a 12 Unit portfolio sale with the following properties in the same tract: 12906 Merlot Dr (4U), 12912 Merlot Dr. (4U). Sellers preference is for all 3 fourplexes to be sold together to one buying entity. The subject property is a single story, 4 unit apartment building situated on one spacious 12,575 sf lot. The subject property boasts an excellent unit mix of 2(3+2) and 2 (2+2), with numerous tenant amenities including: garage parking, central AC/HT, in unit washer & dryer hookups, patios, separate gas & electric meters and hot water heaters for each unit. The Liberty Park apartments are ideally located in the award winning Rosedale Union School District (Liberty High School, Rosedale Middle, Independence Elementary), and in very close proximity to numerous, vibrant surrounding retail, restaurant, and entertainment venues. The Liberty Park apartments are offered at only $208 CPSF with upside to a Cap rate of 7 at market rents - they are a perfect fit for an investor looking for long term growth with a pride of ownership income property asset.
Last Agent to Sell the Property
Vanguard Property Group Brokerage Phone: 714-928-6833 License #01347742 Listed on: 01/19/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,463
Year Built
- Built in 2004
Lot Details
- 0.29 Acre Lot
- No Units Above
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 8 Car Garage
- Parking Available
- Side Facing Garage
- Two Garage Doors
- Garage Door Opener
- Driveway
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 4,316 Sq Ft Home
- 1-Story Property
- Gas Fireplace
- Family Room with Fireplace
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Sewer Paid
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 3
- Tax Tract Number 6108
- $2 per year additional tax assessments
Community Details
Overview
- 4 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $28,000
- Gross Income $81,240
- Net Operating Income $50,803
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 19, 2024
Closed on
Jun 23, 2024
Sold by
Naing Win and Chen Shan
Bought by
Golden Banyan Estates Statutory Trust and Lasting Legacy Estates Llc
Seller's Agent
Brad New
Vanguard Property Group
Buyer's Agent
Justin Chu
CIRCA PROPERTIES, INC.
List Price
$999,000
Sold Price
$860,000
Premium/Discount to List
-$139,000
-13.91%
Views
40
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,065
Avg. Annual Appreciation
11.06%
Purchase Details
Listed on
Jan 19, 2024
Closed on
Mar 26, 2024
Sold by
Curcie Stephen R and Fami Donna
Bought by
Naing Win and Chen Shan
Seller's Agent
Brad New
Vanguard Property Group
Buyer's Agent
Justin Chu
CIRCA PROPERTIES, INC.
List Price
$999,000
Sold Price
$860,000
Premium/Discount to List
-$139,000
-13.91%
Views
40
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 11, 2003
Sold by
Williams Investment Group
Bought by
Curcie Stephen R and Curcie Donna D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Golden Banyan Estates Statutory Trust | -- | None Listed On Document | |
| Naing Win | $860,000 | First American Title | |
| Curcie Stephen R | -- | Fidelity Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Naing Win | $645,000 | |
| Previous Owner | Curcie Stephen R | $337,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2024 05/01/24 | Sold | $860,000 | -4.4% | $199 / Sq Ft |
| 03/08/2024 03/08/24 | Pending | -- | -- | -- |
| 02/15/2024 02/15/24 | Price Changed | $900,000 | -9.9% | $209 / Sq Ft |
| 01/19/2024 01/19/24 | For Sale | $999,000 | -- | $231 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,463 | $860,000 | $150,000 | $710,000 |
| 2024 | $9,463 | $627,246 | $83,626 | $543,620 |
| 2023 | $9,239 | $614,948 | $81,987 | $532,961 |
| 2022 | $9,033 | $602,891 | $80,380 | $522,511 |
| 2021 | $8,691 | $591,070 | $78,804 | $512,266 |
| 2020 | $8,511 | $585,010 | $77,996 | $507,014 |
| 2019 | $8,375 | $585,010 | $77,996 | $507,014 |
| 2018 | $8,190 | $562,295 | $74,968 | $487,327 |
| 2017 | $8,077 | $551,271 | $73,499 | $477,772 |
| 2016 | $7,626 | $540,000 | $108,000 | $432,000 |
| 2015 | $6,907 | $475,000 | $71,000 | $404,000 |
| 2014 | $7,085 | $496,500 | $100,000 | $396,500 |
Source: Public Records
Agents Affiliated with this Home
-
Brad New
-
Ed Diaz
Seller Co-Listing Agent in 2024
Ed Diaz
Vanguard Property Group
(714) 900-0169
4 in this area
29 Total Sales
-
Justin Chu
Buyer's Agent in 2024
Justin Chu
CIRCA PROPERTIES, INC.
(626) 321-3211
3 in this area
33 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24007140
APN: 495-330-03-00-3
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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