NOT LISTED FOR SALE
3 Beds
2 Baths
4,340 Sq Ft
15,246 Sq Ft Lot

Last Sold October 09, 2024

Last sale price $615,000 $142 Per Sq Ft

1 Day on Market

About This Home

As of October 2024

Eric Way is one of the nicest apartment streets in all of Northeast Bakersfield, tucked away in kind of a cul-de-sac part of the street with very little traffic. Well kept apartments surround this fourplex. Walking distance to restaurants, shops, and supermarket. 1 mile from Bakersfield College. This 4340 SF 4plex was built in 1978, and has not been on the market for over 22 years. The front unit is a separate SFR: 3 bedroom 2 bath with garage, w/d hookups, backyard, and patio, rents for $1215..The other three units in the rear are townhouse style 2 bedroom/ 1.5 bath units, with carports, that share a laundry room. They rent for $850 to $1030. All rents are well below the market, but are on month-to-month. A,B,C units are fairly long-term tenants. Exterior was painted in 2022. Some new water heaters.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 09/17/2024

Keller Williams Realty

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 09/17/2024

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 0.35

Parking

  • Carport

Home Design

  • Composition Roof

Interior Spaces

  • 4,340 Sq Ft Home
  • 2-Story Property

Schools

  • Nichols Elementary School
  • Chipman Middle School
  • East High School

Additional Features

  • 0.35 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38329008

Community Details

Overview

  • 4 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $47,556
  • Net Operating Income $29,379

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0.35 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1978
  • Building Stories: 2
  • Deposit Amount Required: 7000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.3500
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4340.00

Exterior Features

  • Roof: Composition, Other
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Carport

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: East
  • Middle Or Junior School: Chipman

Lot Info

  • Zoning Description: R-2
  • Lot Size Sq Ft: 15245.00
  • Parcel #: 38329008

Multi Family

  • Total Annual Expense: 18177.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 47556.00
  • Property Net Operating Income: 29379.00

MLS Schools

  • Elementary School: Nichols, Col.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
10/09/2024 10/09/24 Sold $615,000 -2.4% $142 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $630,000 -- $145 / 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 $6,041 $615,000 $125,000 $490,000
2024 $5,893 $303,405 $105,072 $198,333
2023 $5,893 $297,457 $103,012 $194,445
2022 $5,716 $291,626 $100,993 $190,633
2021 $5,335 $285,909 $99,013 $186,896
2020 $5,200 $282,978 $97,998 $184,980
2019 $5,100 $282,978 $97,998 $184,980
2018 $4,991 $271,992 $94,194 $177,798
2017 $4,955 $266,660 $92,348 $174,312
2016 $4,610 $261,433 $90,538 $170,895
2015 $4,134 $219,000 $33,000 $186,000
2014 $4,030 $217,000 $30,000 $187,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409502

Bakersfield Association of REALTORS® / GEMLS

APN: 383-290-08

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