2345 Thomas Way Delano, CA 93215
East Delano NeighborhoodEstimated payment $2,794/month
About This Home
Calling all investors. Turnkey multi-unit investment property in prime location. High ROI and low vacancy!! This property features 4 units with wonderful long term tenants who would love to stay. $4,650 Gross monthly rent. The main home is a 3 bed 1 bath rents for $1,800. Unit#2 is 1 bed 1 bath rents for $900, unit #3 is a 2 bed 1 bath rents for $1,450 and Unit #4 is a studio that rents for $500. Units are all remodeled and the roof to the entire property was replaced in 2024. Don't miss this opportunity to grow your real estate portfolio!!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,428
Year Built
- Built in 1956
Parking
- Uncovered Parking
Interior Spaces
- 1,247 Sq Ft Home
- 1-Story Property
Schools
- Princeton St Elementary School
- Cecil Avenue Middle School
Additional Features
- 7,840 Sq Ft Lot
- Central Air
Listing and Financial Details
- Assessor Parcel Number 03403105
Community Details
Overview
- 4 Units
Building Details
- Gross Income $55,800
- Net Operating Income $47,200
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 | $3,428 | $297,137 | $53,060 | $244,077 |
| 2024 | $3,335 | $291,312 | $52,020 | $239,292 |
| 2023 | $3,335 | $285,600 | $51,000 | $234,600 |
| 2022 | $3,286 | $280,000 | $50,000 | $230,000 |
| 2021 | $1,126 | $97,562 | $27,286 | $70,276 |
| 2020 | $1,126 | $96,563 | $27,007 | $69,556 |
| 2019 | $1,096 | $96,563 | $27,007 | $69,556 |
| 2018 | $1,080 | $92,815 | $25,959 | $66,856 |
| 2017 | $1,086 | $90,996 | $25,450 | $65,546 |
| 2016 | $1,067 | $89,212 | $24,951 | $64,261 |
| 2015 | $1,101 | $87,873 | $24,577 | $63,296 |
| 2014 | $1,111 | $86,153 | $24,096 | $62,057 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/17/2025 02/17/25 | For Sale | $475,000 | +69.6% | $381 / Sq Ft |
| 11/30/2021 11/30/21 | Sold | $280,000 | +3.7% | $201 / Sq Ft |
| 10/31/2021 10/31/21 | Pending | -- | -- | -- |
| 10/15/2021 10/15/21 | For Sale | $269,900 | +28.5% | $194 / Sq Ft |
| 07/16/2021 07/16/21 | Sold | $210,000 | 0.0% | $168 / Sq Ft |
| 06/16/2021 06/16/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | For Sale | $210,000 | -- | $168 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $280,000 | Placer Title Company | |
| Interfamily Deed Transfer | -- | Placer Title Company | |
| Grant Deed | $210,000 | Placer Title Er | |
| Grant Deed | $71,500 | Commonwealth Land Title Co | |
| Trustee Deed | $65,000 | North American Title Co | |
| Grant Deed | $85,500 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $266,000 | New Conventional | |
| Previous Owner | $95,000 | Commercial | |
| Previous Owner | $126,000 | Commercial | |
| Previous Owner | $67,925 | No Value Available | |
| Previous Owner | $24,300 | Credit Line Revolving | |
| Previous Owner | $57,639 | Unknown | |
| Previous Owner | $10,000 | Credit Line Revolving | |
| Previous Owner | $35,500 | Seller Take Back |
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202501935
APN: 034-031-05-00-8
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.
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.
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