NOT LISTED FOR SALE
2 Beds
1 Bath
4,266 Sq Ft
0.32 Acre Lot

Sale Details

Date Sold: June 20, 2024

Last sale price $370,000 $87 Per Sq Ft

1 Day on Market

Highlights

  • 0.32 Acre Lot
  • Evaporated cooling system
  • 1-Story Property

About This Home

As of June 2024

Located at 2403 N Inyo and 404-406 Jeffrey in Bakersfield, CA, this multifamily property is on the market for $480,000. The property includes a total of four units: one 2-bedroom, 1-bath unit, and three 1-bedroom, 1-bath units, built in 1939 and 1948, encompassing approximately 4,266 square feet. Each unit is equipped with laundry hookups, and there is additional detached storage available. With a gross scheduled rent of $46,236, this investment property presents a solid opportunity for consistent rental income.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/20/2024

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/20/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 0.32

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 4,266 Sq Ft Home
  • 1-Story Property

Schools

  • Longfellow Elementary School
  • Washington Middle School
  • Highland School

Additional Features

  • 13,939 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 12514026

Community Details

Overview

  • 4 Units
  • Keith Addition Subdivision

Building Details

  • Gross Income $46,236
  • Net Operating Income $26,048

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0.32 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1939
  • Building Stories: 1
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.3200
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4266.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative, Other

Schools

  • High School: Highland
  • Middle Or Junior School: Washington

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 13939.00
  • Parcel #: 12514026

Multi Family

  • Total Annual Expense: 18800.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 46236.00
  • Property Net Operating Income: 26048.00

MLS Schools

  • Elementary School: Longfellow

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
May 20, 2024
Closed on
Jun 1, 2024
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$480,000
Sold Price
$370,000
Premium/Discount to List
-$110,000
-22.92%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
0.0709%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2009
Sold by
Bought by

Purchase Details

Closed on
Dec 15, 2008
Sold by
Bought by

Purchase Details

Closed on
Jul 12, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2005
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
$227,500
Interest Rate
0.089%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 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
$172,562
Interest Rate
0.0535%
Mortgage Type
FHA
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$370,000 Placer Title
$45,000 First American Title Company
$153,000 Accommodation
$327,000 --
-- Fidelity National Title Co
$175,000 Stewart 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 $1,650,000
Previous Owner $250,000
Previous Owner $308,000
Previous Owner $227,500
Previous Owner $172,562
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
06/20/2024 06/20/24 Sold $370,000 -22.9% $87 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $480,000 -- $113 / 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 $4,367 $377,400 $102,000 $275,400
2024 $4,180 $56,793 $25,241 $31,552
2023 $4,180 $55,681 $24,747 $30,934
2022 $3,779 $54,590 $24,262 $30,328
2021 $3,433 $53,521 $23,787 $29,734
2020 $3,288 $52,974 $23,544 $29,430
2019 $3,133 $52,974 $23,544 $29,430
2018 $3,045 $50,919 $22,631 $28,288
2017 $2,984 $49,922 $22,188 $27,734
2016 $2,473 $48,944 $21,753 $27,191
2015 $2,472 $48,210 $21,427 $26,783
2014 $2,404 $47,267 $21,008 $26,259
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202404951

Bakersfield Association of REALTORS® / GEMLS

APN: 125-140-26

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