NOT LISTED FOR SALE
-- Bed
-- Bath
4,866 Sq Ft
0.6 Acres

Last Sold February 17, 2022

Last sale price $1,100,000 $226 Per Sq Ft

Highlights

  • 26,136 Sq Ft lot
  • 1-Story Property
  • 4-minute walk to Beale Park

About This Home

As of February 2022

We are pleased to present for sale this GREAT opportunity to acquire a RARE multi-family property located in the highly desirable Downtown Bakersfield. Comprised of a two (2) bedroom, one (1) bathroom home, two (2) one (1) bedroom, one (1) bathroom cottages, and two (2) duplexes each consisting of one (1) bedroom, one (1) bathroom units, the offering is situated on over half an acre of land and has a gross rentable square footage of 4,866 sq.ft.. This unique offering allows a savvy investor the opportunity to capitalize on a property for sale in an area with low turn-over and low vacancy rates. In addition to being in a great area, this turn-key, recently remodeled property that is grossing over $100k/Yr comes with low operating expenses, and would be ideal for anyone looking to expand their portfolio in one of California's hottest real estate markets!

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 10/26/2021

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Eric Van Denk

Central Valley Property Adviso License #02071696

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.6 Acre Lot

Interior Spaces

  • 4,866 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Car Garage
  • Uncovered Parking

Schools

  • Roosevelt Bak Elementary School
  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00818213

Community Details

Overview

  • 7 Units
  • Chester Tract Subdivision

Building Details

  • Gross Income $100,176
  • Net Operating Income $67,113

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4866.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Garage, Uncovered
  • Garages: 3

Utilities

  • Heatcool: Floor/Wall Heater,Other

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 26136.00
  • Parcel #: 00818213

Multi Family

  • Total Annual Expense: 14839.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 7
  • Annual Gross Income: 100176.00
  • Property Net Operating Income: 67113.00

MLS Schools

  • Elementary School: Roosevelt_Bak

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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/17/2022 02/17/22 Sold $1,100,000 -2.2% $226 / Sq Ft
01/18/2022 01/18/22 Pending -- -- --
10/26/2021 10/26/21 For Sale $1,125,000 +78.1% $231 / Sq Ft
10/07/2020 10/07/20 Sold $631,500 +2.0% $130 / Sq Ft View Prior Sale
09/07/2020 09/07/20 Pending -- -- --
07/28/2020 07/28/20 For Sale $619,000 +31.7% $127 / Sq Ft
10/31/2014 10/31/14 Sold $470,000 -1.1% $97 / Sq Ft View Prior Sale
10/01/2014 10/01/14 Pending -- -- --
01/31/2014 01/31/14 For Sale $475,000 -- $98 / 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: 202111653

Bakersfield Association of REALTORS® / GEMLS