NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.75 Acres

Last Sold January 13, 2016

Last sale price $1,105,000

154 Days on Market

About This Home

As of January 2016

Newly priced--Significant price reduction!! Beautiful pride of ownership property--College Gardens is a 20 unit complex in NE Bakersfield, North of the 178 Freeway. The property is now remaining at or close to full occupancy. The current operation is stellar. There have been extensive rehab/upgrade/remodeling attention in the last 3 years; 14 of the 20 A/C units are new in the last 3 years; exterior was repainted. Most of the units have newer carpet/vinyl flooring and tile. Landscaping/irrigation systems have been overhauled. Exterior lighting installed. Driveway and parking areas refurbished. The property consists of 2 buildings with a unit mix of 15 2 bed/1 bath units, 4 1 bed/1 bath units and one 3 bed/2 bath unit. Tenants have covered parking.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 07/13/2015

Keller Williams Realty

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.75

Parking

  • Carport
  • 20 Car Parking Spaces

Schools

  • Noble Elementary School
  • Washington Middle School
  • Highland School

Additional Features

  • 2-Story Property
  • 0.75 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 12608113

Community Details

Overview

  • 20 Units

Building Details

  • Gross Income $142,400
  • Net Operating Income $85,816

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1961
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 2

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 20.00
  • Parking Features: Carport

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 32527.00
  • Parcel #: 12608113

Multi Family

  • Total Annual Expense: 51024.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 20
  • Annual Gross Income: 142400.00
  • Property Net Operating Income: 85816.00

MLS Schools

  • Elementary School: Noble, Myra A.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
01/13/2016 01/13/16 Sold $1,105,000 -3.9% --
12/14/2015 12/14/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $1,150,000 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

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 $31,498 $1,308,089 $155,074 $1,153,015
2024 $31,498 $1,282,441 $152,034 $1,130,407
2023 $30,441 $1,257,296 $149,053 $1,108,243
2022 $28,866 $1,232,644 $146,131 $1,086,513
2021 $27,254 $1,208,475 $143,266 $1,065,209
2020 $26,551 $1,196,084 $141,797 $1,054,287
2019 $25,670 $1,196,084 $141,797 $1,054,287
2018 $28,180 $1,149,641 $136,292 $1,013,349
2017 $27,308 $1,127,100 $133,620 $993,480
2016 $11,128 $636,622 $106,103 $530,519
2015 $11,119 $627,061 $104,510 $522,551
2014 $10,842 $614,778 $102,463 $512,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21508324

Bakersfield Association of REALTORS® / GEMLS