Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
124 Total Sales
331 Haybert Ct Bakersfield, CA 93304
Southgate Neighborhood
12
Beds
11
Baths
5,439
Sq Ft
13,504
Sq Ft Lot
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
- Entry on the 1st floor
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 | $11,063 | $975,000 | $85,000 | $890,000 |
| 2024 | $11,063 | $775,200 | $81,600 | $693,600 |
| 2023 | $4,641 | $235,722 | $49,623 | $186,099 |
| 2022 | $4,504 | $231,100 | $48,650 | $182,450 |
| 2021 | $4,188 | $226,570 | $47,697 | $178,873 |
| 2020 | $4,077 | $224,247 | $47,208 | $177,039 |
| 2019 | $4,022 | $224,247 | $47,208 | $177,039 |
| 2018 | $3,955 | $215,541 | $45,376 | $170,165 |
| 2017 | $3,946 | $211,316 | $44,487 | $166,829 |
| 2016 | $3,684 | $207,173 | $43,615 | $163,558 |
| 2015 | $3,658 | $204,062 | $42,960 | $161,102 |
| 2014 | $3,558 | $200,066 | $42,119 | $157,947 |
Source: Public Records
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
88 Total Sales
-
S
Buyer's Agent in 2023
Stephanie Mazza
Unknown Broker
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24213601
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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