NOT LISTED FOR SALE

2924 Claire St Lake Isabella, CA 93240

Estimated Value: $200,000 - $1,541,000

20 Beds
10 Baths
16,618 Sq Ft
$42/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $556,500 $33 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,962/month

322 Days on Market

Highlights

  • 0.77 Acre Lot
  • Patio
  • Landscaped with Trees
  • Mountain View
  • Wheelchair Access
  • Tile Flooring

About This Home

As of April 2019

Great Income Producing Property with extensive rental history right in downtown Lake Isabella. Right across the street from a dentist office, Senior Apartments, restaurants and a large Shopping Center this property is 4 Contiguous R-3 High Density Residential Lots and 10 Units Total, one large 3 bed 2 Bath home and 9 other Units, 8 are 2/1 and then a 1/1. Minutes from Lake Isabella, Kernville and the Kern River. The property has been fully rented for years with many long term tenants and there is a waiting list of tenants as well wanting to move in due to the scarcity of this type of property in the area. The Kern River Valley is a tourist haven and retirement community that has a lack of multi-unit housing, it is very rare for these types of properties to come on the market in the area. Some of the units have been rehabbed in the last few years and well cared for with ample parking. This property has very good rental history and makes close to 71K per year gross income currently. This is a great income opportunity and something that is exceedingly rare in this area.

Last Agent to Sell the Property

Matt Freeman

Freeman's Lakeside Realty License #01714782 Listed on: 05/31/2018

Last Buyer's Agent

Matt Freeman

Freeman's Lakeside Realty License #01714782 Listed on: 05/31/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,206

Year Built

  • Built in 1964

Lot Details

  • 0.77 Acre Lot
  • Partially Fenced Property
  • Manual Sprinklers System
  • Landscaped with Trees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • T111 Siding
  • Stucco Exterior

Interior Spaces

  • 16,618 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Light Fixtures
  • Window Treatments
  • Mountain Views
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Full Bathrooms

Accessible Home Design

  • Wheelchair Access

Outdoor Features

  • Patio
  • Storage Shed

Schools

  • Woodrow Wallace Elementary And Middle School
  • Kern Valley High School

Utilities

  • Evaporated cooling system
  • Heating System Uses Propane
  • Heating System Mounted To A Wall or Window
  • Master Meter
  • 220 Volts
  • Propane
  • Water Heater
  • Septic Tank
  • Septic Permit Issued
  • High Speed Internet
  • Cable TV Available

Community Details

  • 6 Units
  • Lake Isabella Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number 263-144-01,263-144-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,206

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Additional Assessor Parcel Numbers: 263-144-01,263-144-0
  • Directions To Property: ERSKINE CREEK ROAD, RIGHT ON CLAIRE, ON THE LEFT SIDE. NO SIGN
  • Property Style: 1 story above ground
  • Property Sub Type: 4+ Units
  • Prop. Type: Multi Family
  • Property Type: Multi-Family Building
  • OFFICELIST_STATE: CA
  • FILLSUBDIVISION: Lake Isabella Town
  • Year Built: 1964
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Oven/Range- Electric, Oven/Range- Propane, Dishwasher, Garbage Disposal, Oven/Range, W/D Hookups, Water Heater
  • Total Bathrooms: 11
  • Lower Floor 1 Bedrooms: 20
  • Interior Amenities: Wheelchair Accessible, Ceiling Fans, Window Coverings, Fixtures, Flooring- Tile, Flooring- Linoleum, Flooring- Carpet
  • Listing Area: Lake Isabella 93240
  • Living Sq Ft: 16618

Exterior Features

  • Exterior Construction: Stucco, T-111, Wood
  • Exterior Features: Fenced- Partial, Landscape- Partial, Patio- Uncovered, Sprinklers- Manual, Storage Shed, Trees, View of Mountains
  • Foundation: Slab on Grade
  • Roof Type: Built-up, Composition, Shingle

Utilities

  • Cooling: Evaporative, See Remarks
  • Heating: Electric, Propane Heater, Wall Heater
  • Utilities: Water: Water Company, Septic: Has Permit, Internet: Satellite/Wireless, Septic: Has Tank, Propane: Plumbed, Power: Line On Meter, Propane: Available, Garbage Collection, Cable T.V., Legal Access: Yes, Phone: Land Line, Power: 220 volt, Phone: Cell Service, Propane: Hooked-up, Propane: See Remarks

Condo/Co-op/Association

  • Units In Building: 6

Schools

  • Elementary School: Woodrow Wallace
  • High School: Kern Valley
  • Junior High: Woodrow Wallace
  • Middle School: Woodrow Wallace

Lot Info

  • Lot Dimensions: 270 x 105 (4 lots)
  • Lot Size: 0.77
  • Zoning: R-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Apr 22, 2019
Sold by
Reitenbach Ronald R and Reitenbach Judith R
Bought by
Rancho Feigini Llc
Seller's Agent
Matt Freeman
Freeman's Lakeside Realty
Buyer's Agent
Matt Freeman
Freeman's Lakeside Realty
List Price
$625,000
Sold Price
$556,500
Premium/Discount to List
-$68,500
-10.96%
Current Estimated Value
$706,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,500
Avg. Annual Appreciation
3.72%
Original Mortgage
$107,000
Outstanding Balance
$94,072
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$611,928

Purchase Details

Closed on
Feb 17, 2006
Sold by
Reitenbach Ronald R and Reitenbach Judith
Bought by
Reitenbach Ronald R and Reitenbach Judith R

Purchase Details

Closed on
Nov 9, 2005
Sold by
Reitenbach Ronald R and Reitenbach Judith R
Bought by
Reitenbach Ronald L and Reitenbach Judith R

Purchase Details

Closed on
Apr 2, 2003
Sold by
Girl Erland A and Girl Patricia J
Bought by
Reitenbach Ronald R and Reitenbach Judith R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Rancho Feigini Llc $556,500 Chicago Title Company
Reitenbach Ronald R -- Fidelity National Title
Reitenbach Ronald L -- --
Reitenbach Ronald R $200,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rancho Feigini Llc $107,000
Previous Owner Reitenbach Ronald R $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2019 04/25/19 Sold $556,500 -11.0% $33 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
05/31/2018 05/31/18 For Sale $625,000 -- $38 / Sq Ft
Source: Southern Sierra MLS

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 $3,206 $223,099 $27,886 $195,213
2024 $3,206 $218,726 $27,340 $191,386
2023 $3,113 $214,438 $26,804 $187,634
2022 $3,012 $210,234 $26,279 $183,955
2021 $2,780 $206,113 $25,764 $180,349
2020 $2,662 $204,000 $25,500 $178,500
2019 $1,101 $63,548 $13,233 $50,315
2018 $863 $61,082 $12,720 $48,362
2017 $856 $59,885 $12,471 $47,414
2016 $811 $58,712 $12,227 $46,485
2015 $805 $57,831 $12,044 $45,787
2014 $793 $56,700 $11,809 $44,891
Source: Public Records

Agents Affiliated with this Home

  • Matt Freeman

    Seller's Agent in 2019

    Matt Freeman

    Freeman's Lakeside Realty

    (760) 223-0880

    30 in this area

    105 Total Sales

    Matt Freeman
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Map

Source: Southern Sierra MLS

MLS Number: 2216326

APN: 263-144-01-00-9

California Kern County Lake Isabella 93240

2924 Claire St, Lake Isabella, CA

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