NOT LISTED FOR SALE

3409 Edison Hwy Bakersfield, CA 93307

Oakridge Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.52 Acre Lot

Sale Details

Date Sold: June 24, 2014

Last sale price $295,000

67 Days on Market

About This Home

As of June 2014

$57,163 NET INCOME !!Awsome investment property!!! with a nice Return On Investment approx.14.3% cap rate, 10 units, new roof, and new sewer line. NOT a Short Sale Not an REO.

Last Agent to Sell the Property

Bill Mell

Bill Mell & Associates License #01384776 Listed on: 03/19/2014

Last Buyer's Agent

Dinorah Cordova

Unknown Broker License #01903357

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 0.52

Parking

  • 15 Car Parking Spaces
  • Uncovered Parking

Schools

  • Virginia Avenue Elementary School
  • Fairfax Middle School
  • Foothill High School

Additional Features

  • 1-Story Property
  • 22,571 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 14307005

Community Details

Overview

  • 10 Units

Building Details

  • Gross Income $81,900
  • Net Operating Income $57,163

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

0.52 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1935
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 15.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater,Other

Schools

  • High School: Foothill
  • Middle Or Junior School: Fairfax

Lot Info

  • Lot Size Sq Ft: 22571.00
  • Parcel #: 14307005

Multi Family

  • Total Annual Expense: 24737.00
  • Vacancy Factor: 10.00
  • Number Of Units Total: 10
  • Annual Gross Income: 81900.00
  • Property Net Operating Income: 57163.00

MLS Schools

  • Elementary School: Virginia Avenue

Ownership 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 Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2019
Sold by
Bought by

Purchase Details

Listed on
Mar 19, 2014
Closed on
Jun 5, 2014
Sold by
Bought by
Seller's Agent
Bill Mell
Bill Mell & Associates
Buyer's Agent
Dinorah Cordova
Unknown Broker
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
0.0416%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 16, 2011
Closed on
Mar 12, 2012
Sold by
Bought by
Seller's Agent
Linda Lamb
Coldwell Banker Preferred,RLT
Buyer's Agent
Bill Mell
Bill Mell & Associates
List Price
$295,000
Sold Price
$210,000
Premium/Discount to List
-$85,000
-28.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.38%

Purchase Details

Closed on
Jan 20, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 20, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
0.0613%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 15, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 5, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
0.0584%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 2, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
0.0584%
Mortgage Type
Seller Take Back
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$425,000 Ticor Title Co
$295,000 Placer Title Company
$210,000 Placer Title Company
$468,053 Stewart Title
$520,000 None Available
-- None Available
-- None Available
$230,000 First American Title
$130,000 First American Title
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 $318,750
Previous Owner $245,000
Previous Owner $420,000
Previous Owner $20,000
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 Prior Sale
06/24/2014 06/24/14 Sold $295,000 -1.3% --
05/25/2014 05/25/14 Pending -- -- --
03/19/2014 03/19/14 For Sale $299,000 +42.4% --
03/30/2012 03/30/12 Sold $210,000 -28.8% -- View Prior Sale
02/29/2012 02/29/12 Pending -- -- --
12/16/2011 12/16/11 For Sale $295,000 -- --
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
2025 $12,413 $464,794 $120,298 $344,496
2024 $12,413 $455,682 $117,940 $337,742
2023 $11,936 $446,748 $115,628 $331,120
2022 $11,241 $437,989 $113,361 $324,628
2021 $10,488 $429,402 $111,139 $318,263
2020 $9,979 $425,000 $110,000 $315,000
2019 $8,754 $330,657 $89,668 $240,989
2018 $10,148 $317,819 $86,187 $231,632
2017 $11,173 $311,589 $84,498 $227,091
2016 $6,878 $305,481 $82,842 $222,639
2015 $6,822 $300,893 $81,598 $219,295
2014 $5,833 $215,171 $61,477 $153,694
Source: Public Records

Agents Affiliated with this Home

  • Bill Mell

    Seller's Agent in 2014

    Bill Mell

    Bill Mell & Associates

    (661) 431-8892

    94 Total Sales

    Bill Mell
    Section Image

  • D

    Buyer's Agent in 2014

    Dinorah Cordova

    Unknown Broker

  • Linda Lamb

    Seller's Agent in 2012

    Linda Lamb

    Coldwell Banker Preferred,RLT

    (661) 616-3603

    8 Total Sales

    Linda Lamb
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21402864

Bakersfield Association of REALTORS® / GEMLS
California Kern County Bakersfield 93307 Oakridge

3409 Edison Hwy, Bakersfield, CA

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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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