NOT LISTED FOR SALE
5 Beds
3 Baths
36,880 Sq Ft
80,150 Sq Ft Lot

Sale Details

Date Sold: April 1, 2019

Last sale price $3,350,000 $91 Per Sq Ft

115 Days on Market

Highlights

  • Gated Community
  • Neighborhood Views
  • Wrought Iron Fence
  • 1.84 Acre Lot
  • Laundry Room

About This Home

As of April 2019

Pacheco Townhomes (331 Pacheco Road) is a thirty two-unit multi-family property ideally located in Bakersfield, CA, in Kern County. Built in 2007, the property features 16 x 2 bedroom / 1.5 bath apartments and 16 x 3 bedroom / 2 bath apartments on approximately 80,150 SF parcel of land. Recently upgraded, the property offers a gated community with covered parking. Amenities include energy efficient A/C, ceiling fans, granite counter tops, tile in bathrooms and access to high speed internet. Easy ingress to the property is available via Pacheco Road.

Last Agent to Sell the Property

Mark Domeyer

Lee & Associates Investment Se License #02044919 Listed on: 08/13/2018

Last Buyer's Agent

Mark Domeyer

Lee & Associates Investment Se License #02044919 Listed on: 08/13/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2007

Lot Details

  • 1.84 Acre Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Parking

  • 80 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 36,880 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 3617
  • Assessor Parcel Number 4120103400

Community Details

Overview

  • 8 Buildings
  • 32 Units

Building Details

  • 32 Leased Units
  • 32 Separate Electric Meters
  • 32 Separate Gas Meters
  • 32 Separate Water Meters
  • Electric Expense $7,855
  • Fuel Expense $7,855
  • Insurance Expense $8,230
  • Other Expense $35,400
  • Professional Management Expense $28,305
  • Trash Expense $7,855
  • New Taxes Expense $42,775
  • Operating Expense $138,275
  • Gross Income $346,174
  • Net Operating Income $207,898

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 2007

Lot Details

1.84 Acres

Parking

80

Listing Details

  • Professional Management Expense: 28305.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Gated Community
  • View: Yes
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 4120103400
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 90.84

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 80.00
  • Total Parking Spaces: 80.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Trash Expense: 7855.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 80150.00
  • Lot Size Acres: 1.8400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 7855.00
  • Fuel Expense: 7855.00
  • Gross Income: 346174.00
  • Gross Scheduled Income: 356880.00
  • Insurance Expense: 8230.00
  • Lot Size Area: 80150.0000 Square Feet
  • Net Operating Income: 207898.00
  • Number Of Separate Electric Meters: 32
  • Number Of Separate Gas Meters: 32
  • Number Of Separate Water Meters: 32
  • Number Of Units Leased: 32
  • Number Of Units Total: 32
  • Operating Expense: 138275.00
  • Other Expense: 35400.00
  • Other Expense Description: Bldg Op
  • Rent Control: No
  • Total Actual Rent: 356880.00
  • Total Expenses: 138275.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 42775.00
  • Tax Census Tract: 31.22
  • Tax Lot: 1
  • Tax Tract Number: 3617
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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
04/01/2019 04/01/19 Sold $3,350,000 -6.9% $91 / Sq Ft
12/06/2018 12/06/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $3,600,000 -- $98 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR18196536

California Regional Multiple Listing Service (CRMLS)
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