NOT LISTED FOR SALE
3 Beds
2 Baths
4,340 Sq Ft
0.35 Acres Lot

Sale Details

Date Sold: October 9, 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

  • 15,245 Sq Ft 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

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
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

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 $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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