NOT LISTED FOR SALE
-- Bed
-- Bath
18,759 Sq Ft
0.75 Acres

Last Sold August 18, 2020

Last sale price $2,380,000 $127 Per Sq Ft

About This Home

As of August 2020

Central Valley Property Advisors are proud to present this rare opportunity to acquire a class-A newer constructed nineteen (19) unit multi-family property. Situated on a 32,670 sq.ft lot this property has a gross rentable square footage of 18,759. The offering features seventeen (17) two (2) bedroom, two (2) bathroom units & two (2) three (3) bedroom, two (2) bathroom units with in-unit washer and dryer connections. The units have been constructed with magazine quality features such as recessed lighting, a chef's kitchen, granite countertops, high-end appliances throughout all units. The roof was completely resurfaced this year and all units were inspected for repairs which have all been completed. An opportunity to own a building of this class and quality is once in a lifetime, so make sure you seize this asset while you can!

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 06/10/2020

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 0.75

Interior Spaces

  • 18,759 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Car Garage
  • Uncovered Parking

Additional Features

  • 0.75 Acre Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 35547009

Community Details

Overview

  • 19 Units

Building Details

  • Gross Income $199,860
  • Net Operating Income $137,054

Property Details

Home Type

Multi-Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2008
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Co List Office Mls Id: 10893
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 18759.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Garage, Uncovered
  • Garages: 2

Utilities

  • Heatcool: Central AC

Lot Info

  • Lot Size Sq Ft: 32709.00
  • Parcel #: 35547009

Multi Family

  • Total Annual Expense: 62806.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 19
  • Annual Gross Income: 199860.00
  • Property Net Operating Income: 137054.00

Range of Values:

Collateral Analytics

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ICE

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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
08/18/2020 08/18/20 Sold $2,380,000 -1.9% $127 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $2,425,000 -- $129 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202005658

Bakersfield Association of REALTORS® / GEMLS