NOT LISTED FOR SALE

3601 Micheli Ct Bakersfield, CA 93309

Southwest Bakersfield Neighborhood

Estimated Value: $551,000 - $596,000

2 Beds
-- Bath
3,136 Sq Ft
$182/Sq Ft Est. Value

Last Sold January 10, 2025

Last sale price $555,000 $177 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,334/month

57 Days on Market

About This Home

As of January 2025

3601 Micheli Ct in Bakersfield, CA is a multifamily investment property listed for $560,000, offering a strong rental opportunity in a desirable Southwest Bakersfield location. Built in 1974, the property consists of four units, each with 2 bedrooms and 1 bathroom, and spans approximately 3,136 square feet. With a gross scheduled income of $46,920 and a gross rent multiplier of 11.94, the property provides significant upside potential for increasing rental income. This well-positioned asset in a high-demand rental area presents an excellent opportunity for investors looking to maximize returns.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 09/10/2024

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 10,018

Parking

  • Uncovered Parking

Interior Spaces

  • 3,136 Sq Ft Home
  • 2-Story Property

Schools

  • Seibert Elementary School
  • Thompson Middle School
  • West High School

Additional Features

  • 10,018 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 44115125

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $46,920
  • Net Operating Income $26,312

Property Details

Home Type

Multi-Family

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1974
  • Building Stories: 2
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.2300
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3136.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: West
  • Middle Or Junior School: Thompson, F. L.

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 10018.00
  • Parcel #: 44115125

Multi Family

  • Total Annual Expense: 19200.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 46920.00
  • Property Net Operating Income: 26312.00

MLS Schools

  • Elementary School: Seibert, Amy B.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2024
Closed on
Dec 20, 2024
Sold by
Hernandez Guillermina
Bought by
Hernandez Jose G
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$585,000
Sold Price
$555,000
Premium/Discount to List
-$30,000
-5.13%
Views
37
Current Estimated Value
$569,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,239
Avg. Annual Appreciation
2.33%
Original Mortgage
$360,750
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 10, 2024
Closed on
Nov 21, 2024
Sold by
Delores Louise Kreutzer Living Trust and Smith Traci
Bought by
Delores Louise Kreutzer Living Trust and Smith
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$585,000
Sold Price
$555,000
Premium/Discount to List
-$30,000
-5.13%
Views
37

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,750
Interest Rate
6.81%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hernandez Jose G -- Placer Title
Hernandez Jose G -- Placer Title
Delores Louise Kreutzer Living Trust -- Placer Title
Hernandez Jose G $555,000 Placer Title
Delores Louise Kreutzer Living Trust -- Placer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hernandez Jose G $360,750
Previous Owner Delores Louise Kreutzer Living Trust $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $555,000 -0.9% $177 / Sq Ft
11/06/2024 11/06/24 Pending -- -- --
10/22/2024 10/22/24 Price Changed $560,000 -1.8% $179 / Sq Ft
09/19/2024 09/19/24 Price Changed $570,000 -2.6% $182 / Sq Ft
09/10/2024 09/10/24 For Sale $585,000 -- $187 / Sq Ft
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 $4,530 $173,913 $27,689 $146,224
2024 $4,425 $170,504 $27,147 $143,357
2023 $4,425 $167,162 $26,615 $140,547
2022 $4,221 $163,886 $26,094 $137,792
2021 $3,855 $160,674 $25,583 $135,091
2020 $3,711 $159,027 $25,321 $133,706
2019 $3,657 $159,027 $25,321 $133,706
2018 $3,537 $152,854 $24,339 $128,515
2017 $3,485 $149,858 $23,862 $125,996
2016 $3,335 $146,921 $23,395 $123,526
2015 $3,290 $144,715 $23,044 $121,671
2014 $3,206 $141,881 $22,593 $119,288
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2025

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    12 in this area

    89 Total Sales

    Marc Thurston
    Section Image

  • N

    Buyer's Agent in 2025

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409225

Bakersfield Association of REALTORS® / GEMLS

APN: 441-151-25-00-9

California Kern County Bakersfield 93309 Southwest Bakersfield

3601 Micheli Ct, Bakersfield, CA

Not Listed for Sale

MultiFamily

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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