NOT LISTED FOR SALE

Estimated Value: $751,701 - $829,000

12 Beds
10 Baths
5,057 Sq Ft
$156/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $710,000 $140 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,031/month

22 Days on Market

About This Home

As of September 2023

Modern built (2008!) fourplex just one mile from Bakersfield College. This College Heights area is walking distance to drugstores, restaurants, and convenience stores and has EZ access to freeway-just 5 minutes from Downtown. These units are very spacious (5057 SF public record) with 3 bedrooms/2.5 baths and each has their own laundry hookups and 2-car garage. Tankless water heaters. All four units have reliable tenants with good pay histories. Rents are $1188-$1360. Identical unit in neighborhood bldg just rented for $1625- tons of upside potential! Very low expenses - tenants pay their own gas and electric bills.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 08/15/2023

Keller Williams Realty

Last Buyer's Agent

Rick Musselman

RE/MAX Golden Empire License #01036614

RE/MAX Golden Empire

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2008

Lot Details

  • 7,405 Sq Ft Lot

Interior Spaces

  • 5,057 Sq Ft Home
  • 2-Story Property

Schools

  • College Heights Elementary School
  • Compton Middle School
  • Highland School

Listing and Financial Details

  • Assessor Parcel Number 12601030

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $59,772
  • Net Operating Income $40,650

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: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 5057.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Parcel #: 12601030

Multi Family

  • Total Annual Expense: 18524.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 59772.00
  • Property Net Operating Income: 40650.00

MLS Schools

  • Elementary School: College Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 8, 2023
Sold by
Tan Jason Hui and Tan Sophia P
Bought by
Mohamed Ayman and Elshimy Asiel
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Rick Musselman
RE/MAX Golden Empire
List Price
$680,000
Sold Price
$710,000
Premium/Discount to List
$30,000
4.41%
Views
85
Current Estimated Value
$788,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,175
Avg. Annual Appreciation
4.69%
Original Mortgage
$532,500
Outstanding Balance
$521,478
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$266,697

Purchase Details

Closed on
Jul 1, 2017
Sold by
Zaninovich Ryan and Zaninovich Carrie
Bought by
Tan Jason Hui and Sun Sophia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$317,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2012
Sold by
The Ernst Schroeder Sr & Joellyn Schroed
Bought by
Zaninovich Ryan and Zaninovich Carrie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2011
Sold by
Hoya Properties Llc
Bought by
The Ernst Schroeder Sr & Joellyn Schroed

Purchase Details

Closed on
Nov 12, 2009
Sold by
Schroeder Ernst D and Schroeder Joellyn L
Bought by
Hoya Properties Llc

Purchase Details

Closed on
Nov 3, 2009
Sold by
Cross Investments Llc
Bought by
Schroeder Ernst D and Schroeder Joellyn L

Purchase Details

Closed on
Mar 27, 2008
Sold by
Schroeder & Scholz Llc
Bought by
Cross Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,264,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2007
Sold by
Scholz Roland F and Schroeder Ernst D
Bought by
Schroeder & Scholz Llc

Purchase Details

Closed on
Mar 6, 2006
Sold by
Gonzalez John C and Yates Beverly A
Bought by
Scholz Roland F and Schroeder Ernst D

Purchase Details

Closed on
Nov 28, 2005
Sold by
Jim Pinkerton Broker Inc
Bought by
Gonzalez John C and Yates Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2005
Sold by
Pinkerton James C and Pinkerton James D
Bought by
Jim Pinkerton Broker Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2003
Sold by
Smith Earl O and Smith Lucille M
Bought by
Pinkerton James C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.77%
Mortgage Type
Seller Take Back
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Mohamed Ayman $710,000 Ticor Title Company
Tan Jason Hui $423,000 Ticor Title Company
Zaninovich Ryan $305,000 Chicago Title Company
The Ernst Schroeder Sr & Joellyn Schroed -- None Available
Hoya Properties Llc -- None Available
Schroeder Ernst D -- Ticor Title Company Of Ca
Cross Investments Llc -- None Available
Schroeder & Scholz Llc -- None Available
Scholz Roland F $220,000 Fidelity National Title Co
Gonzalez John C $70,000 Fidelity Title
Jim Pinkerton Broker Inc -- Fidelity Title
Pinkerton James C $160,000 American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mohamed Ayman $532,500
Previous Owner Tan Jason Hui $317,250
Previous Owner Zaninovich Ryan $228,750
Previous Owner Cross Investments Llc $1,264,000
Previous Owner Gonzalez John C $105,000
Previous Owner Jim Pinkerton Broker Inc $105,000
Previous Owner Pinkerton James C $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2023 09/27/23 Sold $710,000 +4.4% $140 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $680,000 +60.0% $134 / Sq Ft
08/31/2017 08/31/17 Sold $425,000 -5.6% $84 / Sq Ft View Prior Sale
08/01/2017 08/01/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $450,000 -- $89 / Sq Ft
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 $10,970 $724,200 $127,500 $596,700
2024 $10,970 $710,000 $125,000 $585,000
2023 $7,981 $462,609 $54,681 $407,928
2022 $7,772 $453,539 $53,609 $399,930
2021 $7,280 $444,647 $52,558 $392,089
2020 $7,269 $440,089 $52,020 $388,069
2019 $7,127 $440,089 $52,020 $388,069
2018 $6,967 $423,000 $50,000 $373,000
2017 $5,807 $323,614 $31,830 $291,784
2016 $5,343 $317,269 $31,206 $286,063
2015 $5,344 $312,505 $30,738 $281,767
2014 $5,178 $306,384 $30,136 $276,248
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202308954

Bakersfield Association of REALTORS® / GEMLS

APN: 126-010-30-00-7