NOT LISTED FOR SALE

226 Wilson Ave Bakersfield, CA 93308

1 Bed
1 Bath
5,252 Sq Ft
5,032 Sq Ft Lot

Last Sold July 30, 2020

Last sale price $480,000 $91 Per Sq Ft

102 Days on Market

About This Home

As of July 2020

Bite sized value-add opportunity packs huge upside potential!! We are pleased to exclusively represent for sale this ten (10) unit multi-family property located at 226 Wilson Ave Bakersfield CA 93308. Comprised of ten (10) one (1) bedroom, one (1) bath units, this property has a gross rentable square footage of 5,252 sq.ft. and is situated on a 15,681 sq.ft lot. The owner has recently repaved the driveway area of the property and is looking to work on some other deferred maintenance items. This is a true value-add opportunity with rents 12-15% below market, the offering allows an investor great upside in a strong rental market.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 03/20/2020

Last Buyer's Agent

Esteban Contreras

Watson Realty License #01975384 Listed on: 03/20/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 5,032 Sq Ft Lot

Interior Spaces

  • 5,252 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Listing and Financial Details

  • Assessor Parcel Number 11319119

Community Details

Overview

  • 10 Units

Building Details

  • Gross Income $70,920
  • Net Operating Income $34,475

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1936
  • Building Stories: 2
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 5252.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 5032.00
  • Parcel #: 11319119

Multi Family

  • Total Annual Expense: 33619.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 10
  • Annual Gross Income: 70920.00
  • Property Net Operating Income: 34475.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2020 07/30/20 Sold $480,000 -25.7% $91 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $645,999 -- $123 / 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 $13,935 $519,564 $50,872 $468,692
2024 $13,935 $509,377 $49,875 $459,502
2023 $13,388 $499,391 $48,898 $450,493
2022 $12,697 $489,600 $47,940 $441,660
2021 $11,959 $480,000 $47,000 $433,000
2020 $9,340 $310,000 $46,000 $264,000
2019 $9,300 $310,000 $46,000 $264,000
2018 $10,614 $310,000 $46,000 $264,000
2017 $10,280 $310,000 $46,000 $264,000
2016 $2,794 $186,000 $27,900 $158,100
2015 $3,630 $260,000 $30,000 $230,000
2014 $3,617 $260,000 $30,000 $230,000
Source: Public Records

Agents Affiliated with this Home

  • Esteban Contreras

    Seller's Agent in 2020

    Esteban Contreras

    Watson Realty

    (661) 617-0074

    148 Total Sales

    Esteban Contreras
    Section Image
  • Eric Van Denk

    Buyer Co-Listing Agent in 2020

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    258 Total Sales

    Eric Van Denk
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202003143

Bakersfield Association of REALTORS® / GEMLS

APN: 113-191-02

California Kern County Bakersfield 93308

226 Wilson Ave, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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