NOT LISTED FOR SALE
-- Bed
-- Bath
5,529 Sq Ft
0.3 Acres

Last Sold September 27, 2024

Last sale price $700,000 $127 Per Sq Ft

4 Days on Market

About This Home

As of September 2024

2419 Westholme Blvd in Bakersfield, CA is a multifamily property built in 1977, currently listed for sale at $727,000. The building spans approximately 5,529 square feet and generates a current gross scheduled income of $69,240, with a Gross Rent Multiplier (GRM) of 10.5. The property consists of five units: one 3-bedroom, 3-bath unit; two 2-bedroom, 1-bath units; and two 2-bedroom, 1.5-bath units. This is a solid investment opportunity with diverse unit configurations appealing to a range of tenants.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 09/10/2024

Last Buyer's Agent

Mohammad Hammad

Executive, REALTORS® License #02123904

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 0.3

Home Design

  • Composition Roof

Interior Spaces

  • 5,529 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Car Garage
  • Uncovered Parking

Schools

  • Castle Elementary School
  • Actis Middle School
  • West High School

Additional Features

  • 0.3 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 35528015

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $69,240
  • Net Operating Income $42,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1977
  • Building Stories: 2
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.3000
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 5529.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Number Of Garages: 4
  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: West
  • Middle Or Junior School: Actis, O. J.

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 13068.00
  • Parcel #: 35528015

Multi Family

  • Total Annual Expense: 25000.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 5
  • Existing Lease Type: Net
  • Annual Gross Income: 69240.00
  • Property Net Operating Income: 42163.00

MLS Schools

  • Elementary School: Castle, C. H.
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2024 09/27/24 Sold $700,000 -3.7% $127 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $727,000 -- $131 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $5,859 $700,000 $170,000 $530,000
2024 $5,859 $351,042 $22,622 $328,420
2023 $5,751 $344,160 $22,179 $321,981
2022 $5,515 $337,413 $21,745 $315,668
2021 $5,233 $330,798 $21,319 $309,479
2020 $5,113 $327,407 $21,101 $306,306
2019 $5,066 $327,407 $21,101 $306,306
2018 $4,867 $314,695 $20,283 $294,412
2017 $4,813 $308,526 $19,886 $288,640
2016 $4,534 $302,478 $19,497 $282,981
2015 $3,953 $250,000 $40,000 $210,000
2014 $3,923 $250,000 $40,000 $210,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409182

Bakersfield Association of REALTORS® / GEMLS