NOT LISTED FOR SALE
-- Bed
-- Bath
10,056 Sq Ft
0.36 Acre Lot

Sale Details

Date Sold: December 23, 2024

Last sale price $1,615,000 $161 Per Sq Ft

15 Days on Market

About This Home

As of December 2024

Central Valley Property Advisors proudly presents this one-of-a-kind opportunity: a meticulously maintained twelve-unit multi-family property located at 2501 Bishop Drive, Bakersfield, CA 93306. Situated in close proximity to Bakersfield College, this property boasts an appealing unit mix, including one (1) three-bedroom, two (2) bathroom unit, two (2) one-bedroom, one (1) bathroom units, and nine (9) two bedroom, one (1) bathroom units. Perfectly suited for a 1031-exchange, most units have been stabilized, guaranteeing a reliable income stream for savvy investors like you. Don't miss this opportunity!

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 12/02/2024

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.36

Interior Spaces

  • 10,056 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Car Garage
  • Carport

Schools

  • Nichols Elementary School
  • Compton Middle School
  • East High School

Additional Features

  • 15,681 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 38205201

Community Details

Overview

  • 12 Units
  • 2096 City/Bakersfield Subdivision

Building Details

  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.36 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1960
  • Building Stories: 2
  • Deposit Amount Required: 20000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 0.3600
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 10056.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 1.00
  • Number Of Garages: 1
  • Parking Features: Carport

Utilities

  • Heatcool: Central AC

Schools

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

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 15681.00
  • Parcel #: 38205201

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 12
  • Existing Lease Type: Net
  • Annual Gross Income: 1.00
  • Property Net Operating Income: 1.00

MLS Schools

  • Elementary School: Nichols, Col.H.

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
Dec 2, 2024
Closed on
Dec 3, 2024
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$1,675,000
Sold Price
$1,615,000
Premium/Discount to List
-$60,000
-3.58%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$888,250
Interest Rate
0.0679%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 17, 2020
Closed on
Nov 7, 2020
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Esteban Contreras
Watson Realty
List Price
$1,325,000
Sold Price
$1,325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.05%
Original Mortgage
$927,500
Interest Rate
0.028%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 20, 2018
Closed on
Apr 26, 2019
Sold by
Bought by
Seller's Agent
Seth Johnson
Seth Johnson, Broker
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$1,050,000
Sold Price
$955,000
Premium/Discount to List
-$95,000
-9.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.71%
Original Mortgage
$710,000
Interest Rate
0.041%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 3, 2016
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
$450,000
Interest Rate
0.0341%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 27, 2014
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
$699,746
Interest Rate
0.0429%
Mortgage Type
Commercial

Purchase Details

Closed on
May 16, 2012
Sold by
Bought by

Purchase Details

Closed on
May 11, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 20, 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
$450,000
Interest Rate
0.0581%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2003
Sold by
Bought by
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
$1,615,000 Ticor Title Company
$1,325,000 First American Title Company
$955,000 Stewart Title
$875,000 Stewart Title Of Ca Inc
$725,000 Fidelity Title
-- None Available
$428,300 None Available
$910,000 Fidelity 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 $888,250
Previous Owner $927,500
Previous Owner $710,000
Previous Owner $450,000
Previous Owner $485,000
Previous Owner $699,746
Previous Owner $550,000
Previous Owner $595,000
Previous Owner $450,000
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 Prior Sale
12/23/2024 12/23/24 Sold $1,615,000 -3.6% $161 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
12/02/2024 12/02/24 For Sale $1,675,000 +26.4% $167 / Sq Ft
12/17/2020 12/17/20 Sold $1,325,000 0.0% $132 / Sq Ft View Prior Sale
12/17/2020 12/17/20 For Sale $1,325,000 +38.7% $132 / Sq Ft
05/14/2019 05/14/19 Sold $955,000 -9.0% $95 / Sq Ft View Prior Sale
04/14/2019 04/14/19 Pending -- -- --
12/20/2018 12/20/18 For Sale $1,050,000 -- $104 / 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 $20,425 $1,615,000 $125,000 $1,490,000
2024 $20,425 $1,406,099 $116,732 $1,289,367
2023 $19,980 $1,378,530 $114,444 $1,264,086
2022 $20,066 $1,351,500 $112,200 $1,239,300
2021 $18,997 $1,325,000 $110,000 $1,215,000
2020 $14,501 $974,100 $81,600 $892,500
2019 $13,723 $928,556 $84,896 $843,660
2018 $13,446 $892,500 $81,600 $810,900
2017 $13,410 $875,000 $80,000 $795,000
2016 $11,127 $750,760 $56,953 $693,807
2015 $11,071 $739,484 $56,098 $683,386
2014 $8,941 $563,546 $30,738 $532,808
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202412853

Bakersfield Association of REALTORS® / GEMLS
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