NOT LISTED FOR SALE
4 Beds
3 Baths
3,410 Sq Ft
8,079 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $525,000 $154 Per Sq Ft

1 Day on Market

Highlights

  • Lawn
  • Cul-De-Sac
  • Central Heating and Cooling System
  • No HOA
  • Laundry Room

About This Home

As of April 2021

Beautiful well maintained 4plex in Southwest Bakersfield close to Valley Plaza Shopping mall, on a cul-de-sac street. 2 units have 2bed/2bath with one car garage renting for $800. The other 2 units are 2bed/1bath with carport parking and currently renting for $825. There is a clean secure laundry room for tenants with coin washer and dryer:$1,200 extra income for the owner. Newer modern Heating/AC units- 3 out of the 4 are new in recent years. The building has had a good level of attention over the years from the owners with some of units having remodeled or refurbished kitchens and bathrooms, newer carpet and flooring.

Last Agent to Sell the Property

Matthew Pearson

eXp Realty of California Inc License #02034863 Listed on: 03/16/2021

eXp Realty of California Inc

Last Buyer's Agent

Rockie Cooper

eXp Realty of California Inc License #01710122

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,427

Year Built

  • Built in 1985

Lot Details

  • 8,079 Sq Ft Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Lawn
  • Front Yard
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Home Design

  • Quadruplex

Interior Spaces

  • 3,410 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone, trash collection
  • Tax Lot 12
  • Tax Tract Number 4248
  • Assessor Parcel Number 02358012001

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $750
  • Gardener Expense $780
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Pest Control $600
  • Water Sewer Expense $750
  • New Taxes Expense $6,263
  • Operating Expense $12,643
  • Gross Income $40,100
  • Net Operating Income $26,357

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,427

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • CapRate: 5.30
  • Property Attached: Yes
  • Water Sewer Expenses: 750.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 780.00
  • Parcel Number: 02358012001
  • Year Built: 1985
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 153.96

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Common Area, Community
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Lawn
  • Lot Size Sq Ft: 8079.00
  • Lot Size Acres: 0.1855

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Electric Expense: 750.00
  • Gross Income: 40100.00
  • Gross Multiplier: 13.30
  • Gross Operating Income: 39000.00
  • Gross Scheduled Income: 40100.00
  • Insurance Expense: 1500.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 8079.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 26357.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 12643.00
  • Rent Control: No
  • Total Actual Rent: 3250.00
  • Total Expenses: 12643.00

Tax Info

  • New Taxes Expense: 6263.00
  • Tax Census Tract: 29.00
  • Tax Lot: 12
  • Tax Tract Number: 4248

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold $525,000 +1.2% $154 / Sq Ft
03/16/2021 03/16/21 For Sale $519,000 +46.2% $152 / Sq Ft
06/29/2018 06/29/18 Sold $355,000 +1.7% $104 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $349,000 +10.8% $102 / Sq Ft
10/14/2014 10/14/14 Sold $315,000 0.0% $92 / Sq Ft
09/14/2014 09/14/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $314,999 -- $92 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2021 $6,427 $373,167 $78,838 $294,329
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21054319

California Regional Multiple Listing Service (CRMLS)

APN: 023-580-12-00-1