NOT LISTED FOR SALE

332 Mccord Ave Bakersfield, CA 93308

-- Bed
-- Bath
-- Sq Ft
27,878 Sq Ft

Last Sold May 24, 2018

Last sale price $515,000

167 Days on Market

About This Home

As of May 2018

The 8 units at 332 - 334 McCord Ave show pride of ownership. The property features 2 detached homes in front and 3 duplex buildings to the rear. Very clean, quiet, private community. The residents share an on-site laundry room and have about 20 open spaces for parking. The site is 27,878 SF. Most tenants have been long-term. Very stable tenants. The two 2bed/1bath homes pay $700-900 rent range. The other 6 units are 1bed/1bath and they pay $525-600 each. There is room for higher rents. There is also room (50' X 120' area) at back of lot for additional duplex. Seller had approved plans at one time. Some newer windows, Concrete driveways look in great shape. All units have their own metered gas and electric. Owner pays water FIXED RATE at only $33/month per unit. Positive net income. Good curb appeal. Great offering.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 11/08/2017

Keller Williams Realty

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1932

Lot Details

  • 0.64

Parking

  • 16 Car Parking Spaces
  • Uncovered Parking

Additional Features

  • 1-Story Property
  • 0.64 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 11424033

Community Details

Overview

  • 8 Units

Building Details

  • Gross Income $61,500
  • Net Operating Income $41,266

Property Details

Home Type

Multi-Family

Year Built

Built in 1932

Lot Details

0.64 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1932
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 16.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 27878.00
  • Parcel #: 11424033

Multi Family

  • Total Annual Expense: 21734.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 8
  • Annual Gross Income: 61500.00
  • Property Net Operating Income: 41266.00
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Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2018 05/24/18 Sold $515,000 -1.9% --
04/24/2018 04/24/18 Pending -- -- --
11/08/2017 11/08/17 For Sale $525,000 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

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 $13,512 $585,977 $51,200 $534,777
2024 $13,512 $574,489 $50,197 $524,292
2023 $13,101 $563,225 $49,213 $514,012
2022 $12,473 $552,183 $48,249 $503,934
2021 $11,861 $541,356 $47,303 $494,053
2020 $11,376 $535,806 $46,818 $488,988
2019 $11,268 $535,806 $46,818 $488,988
2018 $9,541 $300,000 $54,000 $246,000
2017 $9,214 $300,000 $54,000 $246,000
2016 $4,919 $217,000 $32,550 $184,450
2015 $4,755 $210,000 $70,000 $140,000
2014 $4,702 $210,000 $70,000 $140,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21712938

Bakersfield Association of REALTORS® / GEMLS
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