Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
111 Total Sales
331 Haybert Ct Bakersfield, CA 93304
Southgate Neighborhood
12
Beds
11
Baths
5,439
Sq Ft
0.31
Acres
About This Home
As of November 2024We are pleased to exclusively offer for sale 331 Haybert Court, a rare find in the heart of the Bakersfield rental market. This meticulously maintained multi-family property features a charming 2-Bedroom/1-Bathroom single story cottage alongside five spacious 2-Bedroom/1.5-Bathroom Townhouse style units. The 2 bedroom cottage was built in 1946 and the (5) townhome units were built in 1978. Showcasing exceptional pride of ownership, the property is highlighted by modernized renovations throughout such as new flooring, kitchens, bathrooms and more, making it a turnkey investment. With a current Gross Rent Multiplier (GRM) of 9.56 and an impressive Cap Rate of 7.76%, this asset offers one of the highest returns available in the market. Each unit is equipped with individual washer/dryer hookups and utilizes a Ratio Utility Billing System (RUBS) for streamlined utility management, minimizing expenses for the owner. Tenants also appreciate private backyards, providing added privacy. Additionally, the extra space on the lot presents an opportunity for an Accessory Dwelling Unit (ADU)—buyer to verify with the proper city authorities. Don’t miss the chance to acquire a well-performing asset with significant growth potential.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 10/15/2024
Last Buyer's Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 10/15/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 0.31 Acre Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
Interior Spaces
- 5,439 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 12 Bedrooms
- 11 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 6 Open Parking Spaces
- 11 Parking Spaces
- 5 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for all utilities
- Legal Lot and Block 18 / C
- Tax Tract Number 112
- Assessor Parcel Number 01111218009
- $1,860 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $1,200
- Insurance Expense $5,650
- Maintenance Expense $4,500
- Other Expense $900
- New Taxes Expense $11,557
- Operating Expense $23,807
- Gross Income $104,100
- Net Operating Income $77,170
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
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/27/2024 11/27/24 | Sold | $975,000 | -2.0% | $179 / Sq Ft |
| 10/31/2024 10/31/24 | Pending | -- | -- | -- |
| 10/15/2024 10/15/24 | For Sale | $995,000 | +30.9% | $183 / Sq Ft |
| 06/28/2023 06/28/23 | Sold | $760,000 | -1.2% | $140 / Sq Ft |
| 05/29/2023 05/29/23 | Pending | -- | -- | -- |
| 02/24/2023 02/24/23 | For Sale | $769,000 | -- | $141 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Kristopher German
-
Marc Thurston
Seller's Agent in 2023
Marc Thurston
ASU Commercial
(661) 862-5454
1 in this area
87 Total Sales
-
S
Buyer's Agent in 2023
Stephanie Mazza
Unknown Broker
(661) 564-8409
1 in this area
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24213601
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