Estimated payment $4,127/month
About This Home
Excellent investment opportunity in Taft, California! This six-unit multifamily property at 222-224 E Street offers spacious 2-bedroom, 1-bath units, totaling approximately 4,554 square feet. Built in 1964, five of the six units have been rehabbed, making it a great mix of value and potential. With a 7.98 gross rent multiplier and rents ranging from $805 to $1,200, this property generates solid income at an affordable price of only $103,000 per unit. Priced at $618,000, this is an ideal addition to any investor's portfolio!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Parking
- Carport
Interior Spaces
- 4,554 Sq Ft Home
- 2-Story Property
Schools
- Parkview Elementary School
- Taft High School
Additional Features
- 6,098 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 03917115
Community Details
Overview
- 6 Units
- Taft Subdivision
Building Details
- Gross Income $77,463
- Net Operating Income $44,364
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 | $10,939 | $360,900 | $27,340 | $333,560 |
| 2024 | $10,939 | $353,824 | $26,804 | $327,020 |
| 2023 | $7,167 | $346,887 | $26,279 | $320,608 |
| 2022 | $6,908 | $340,086 | $25,764 | $314,322 |
| 2021 | $6,600 | $333,418 | $25,259 | $308,159 |
| 2020 | $6,152 | $330,000 | $25,000 | $305,000 |
| 2019 | $5,518 | $280,349 | $49,462 | $230,887 |
| 2018 | $5,427 | $269,465 | $47,543 | $221,922 |
| 2017 | $5,303 | $264,182 | $46,611 | $217,571 |
| 2016 | $5,338 | $259,003 | $45,698 | $213,305 |
| 2015 | $4,384 | $210,000 | $20,000 | $190,000 |
| 2014 | $4,149 | $210,000 | $20,000 | $190,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2025 03/21/25 | Pending | -- | -- | -- |
| 03/07/2025 03/07/25 | For Sale | $618,000 | -- | $136 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202502729
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