NOT LISTED FOR SALE
-- Beds
-- Baths
18,715 Sq Ft
2.61 Acre Lot

Sale Details

Date Sold: November 22, 2022

Last sale price $1,400,000 $75 Per Sq Ft

96 Days on Market

About This Home

As of November 2022

We are pleased to have been chosen to exclusively present for sale this rare opportunity to acquire a mixed-use multi-family/commercial property. Consisting of 22 apartment units, 16 mobile home spaces & 2 commercial buildings, the offering has 18, 715 Sq. Ft. of rentable square footage and sits on almost 3 acres of land. There is tremendous upside in this property with a majority of the apartment units being vacant, this allows a savvy investor to go in and rehab the units that are vacant without the headaches of dealing with evictions and handing over cash for keys.

Last Agent to Sell the Property

Eric Van Denk

Central Valley Property Adviso License #02071696 Listed on: 07/19/2022

Last Buyer's Agent

Elvia Alvarez

RE/MAX Golden Empire License #1781024

RE/MAX Golden Empire
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 2.61 Acre Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 18,715 Sq Ft Home
  • 1-Story Property

Schools

  • Beardsley Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 11424037

Community Details

Overview

  • 41 Units
  • James Arp Subdivision

Building Details

  • Gross Income $603,000
  • Net Operating Income $332,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

2.61 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1952
  • Building Stories: 1
  • Property Sub Type: Other
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 18715.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Other

Schools

  • High School: North
  • Middle Or Junior School: Beardsley

Lot Info

  • Lot Size Sq Ft: 113691.00
  • Parcel #: 11424037

Multi Family

  • Total Annual Expense: 271000.00
  • Vacancy Factor: 10.00
  • Number Of Units Total: 41
  • Annual Gross Income: 603000.00
  • Property Net Operating Income: 332000.00

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,400,000 Chicago Title
South Main Manor Llc $920,000 North American Title
Jubilant Venture Llc -- None Available
Liang Tariq $885,000 Old Republic Title Company
Kaur Ramandeep -- None Available
Kaur Ramandeep -- None Available
Sangha Ajmail Singh -- --
Sangha Ajmail Singh -- Chicago Title
Sangha Ajmail Singh $750,000 Chicago Title
California Baptist Foundation -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $899,000
Closed -- $280,000
Previous Owner South Main Manor Llc $620,000
Previous Owner Liang Tariq $650,000
Previous Owner Sangha Ajmail Singh $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/22/2022 11/22/22 Sold $1,400,000 0.0% $75 / Sq Ft
10/23/2022 10/23/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $1,400,000 -- $75 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $29,673 $1,195,979 $233,465 $962,514
2025 $29,673 $1,172,530 $228,888 $943,642
2024 $28,631 $1,149,540 $224,400 $925,140
2023 $27,845 $1,127,000 $220,000 $907,000
2022 $24,584 $891,439 $234,969 $656,470
2021 $23,281 $873,961 $230,362 $643,599
2020 $23,281 $865,000 $228,000 $637,000
2019 $23,727 $997,341 $94,420 $902,921
2018 $23,365 $958,614 $90,754 $867,860
2017 $25,258 $939,819 $88,975 $850,844
2016 $19,994 $921,392 $87,231 $834,161
2015 $19,478 $907,553 $85,921 $821,632
2014 $19,053 $889,776 $84,238 $805,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202207846

Bakersfield Association of REALTORS® / GEMLS
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