NOT LISTED FOR SALE
1 Bed
1 Bath
5,252 Sq Ft
5,032 Sq Ft Lot

Sale Details

Date 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

5,032 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Jul 8, 2020
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Esteban Contreras
Watson Realty
List Price
$645,999
Sold Price
$480,000
Premium/Discount to List
-$165,999
-25.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
0.031%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 30, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
0.0567%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$480,000 First American Title Company
-- None Available
-- Chicago Title
-- Chicago Title
$505,000 Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $65,000
Open $135,000
Open $380,000
Previous Owner $250,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202003143

Bakersfield Association of REALTORS® / GEMLS

APN: 113-191-02

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