NOT LISTED FOR SALE
-- Beds
-- Baths
4,900 Sq Ft
0.37 Acre Lot

Sale Details

Date Sold: April 9, 2021

Last sale price $2,150,000 $439 Per Sq Ft

168 Days on Market

About This Home

As of April 2021

Portfolio of Investment Properties Being Sold Together! 25 Units Total, 5 Properties (Parcels), 140 Norris Rd - 7 Units APN: 007-081-21, 2611 Bishop Dr. - 6 Units APN:382-052-06 , 2201 California Ave - 6 Units APN: 007-081-21, 2528 Park Way - 4 Units APN: 007-022-06, 324 Flower St - 2 Units APN: 012-340-07 All owned and managed by same entity for over 15 years. Well Maintained and Fully Occupied. Start Enjoying Cashflow Today!

Last Agent to Sell the Property

Daniel Holt

Portfolio Properties License #01732002 Listed on: 09/23/2020

Co-Listed By

Michael Magana

Coldwell Banker Frontier License #01980611

Last Buyer's Agent

Mary Sawyer, CCIM

Portfolio Properties License #00854779

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 16,096 Sq Ft Lot

Interior Spaces

  • 4,900 Sq Ft Home
  • 1-Story Property

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 38205206

Community Details

Overview

  • 25 Units

Building Details

  • Gross Income $208,822
  • Net Operating Income $133,628

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.37 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Co List Office Mls Id: 5296
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4900.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Other

Schools

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

Lot Info

  • Lot Size Sq Ft: 16096.00
  • Parcel #: 38205206

Multi Family

  • Total Annual Expense: 75194.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 25
  • Annual Gross Income: 208822.00
  • Property Net Operating Income: 133628.00

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
Sep 23, 2020
Closed on
Mar 12, 2021
Sold by
Boyd William David and The William David Boyd Trust
Bought by
Seller's Agent
Daniel Holt
Portfolio Properties
Buyer's Agent
Mary Sawyer, CCIM
Portfolio Properties
List Price
$2,200,000
Sold Price
$2,150,000
Premium/Discount to List
-$50,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,612,500
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2004
Sold by
Boyd William David and Boyd William David
Bought by
Boyd William David and William David Boyd Trust

Purchase Details

Closed on
Jun 9, 2003
Sold by
Rose Larry M and Rose Helen E
Bought by
Boyd William David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.71%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$2,150,000 First American Title Company
Boyd William David -- --
Boyd William David $280,000 --
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 $1,633,181
Closed Portfolio Bakers Group Llc $1,612,500
Previous Owner Boyd William David $280,000
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
04/09/2021 04/09/21 Sold $2,150,000 -2.3% $439 / Sq Ft
03/10/2021 03/10/21 Pending -- -- --
09/23/2020 09/23/20 For Sale $2,200,000 -- $449 / 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
2026 $8,807 $596,201 $93,846 $502,355
2025 $8,684 $584,511 $92,006 $492,505
2024 $8,684 $573,051 $90,202 $482,849
2023 $8,488 $561,816 $88,434 $473,382
2022 $8,298 $550,800 $86,700 $464,100
2021 $5,962 $374,633 $93,652 $280,981
2020 $5,847 $370,792 $92,692 $278,100
2019 $5,756 $370,792 $92,692 $278,100
2018 $5,646 $356,396 $89,094 $267,302
2017 $5,631 $349,409 $87,348 $262,061
2016 $5,197 $342,559 $85,636 $256,923
2015 $3,839 $220,000 $50,000 $170,000
2014 $3,781 $220,000 $50,000 $170,000
Source: Public Records

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202010153

Bakersfield Association of REALTORS® / GEMLS
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