NOT LISTED FOR SALE

3605 Micheli Ct Bakersfield, CA 93309

Southwest Bakersfield Neighborhood
2 Beds
1 Bath
4,064 Sq Ft
0.27 Acres

Last Sold November 08, 2024

Last sale price $640,000 $157 Per Sq Ft

15 Days on Market

About This Home

As of November 2024

3605 Micheli Ct in Bakersfield, CA, is a prime investment opportunity listed for $640,000. Built in 1974, the property features five 2-bed, 1-bath units across approximately 4,064 square feet. With a gross rent multiplier of 10.2 and a gross scheduled income of $62,760, this multi-family complex offers solid cash flow with room for rent growth. The asking rents present potential upside for investors seeking to maximize returns.

Last Agent to Sell the Property

Marc Thurston

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

Last Buyer's Agent

Marc Thurston

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

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1974

Lot Details

  • 0.27

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 4,064 Sq Ft Home
  • 2-Story Property

Schools

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

Additional Features

  • 0.27 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 44115124

Community Details

Overview

  • 5 Units

Building Details

  • Gross Income $62,760
  • Net Operating Income $35,877

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: 5 - 10 Units
  • Lot Size Acres: 0.2700
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4064.00

Exterior Features

  • Roof: Composition
  • 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: 11761.00
  • Parcel #: 44115124

Multi Family

  • Total Annual Expense: 25000.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 5
  • Existing Lease Type: Net
  • Annual Gross Income: 62760.00
  • Property Net Operating Income: 35877.00

MLS Schools

  • Elementary School: Seibert, Amy B.

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $640,000 0.0% $157 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/19/2024 09/19/24 Price Changed $640,000 -2.9% $157 / Sq Ft
09/10/2024 09/10/24 For Sale $659,000 -- $162 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

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 $4,112 $640,000 $50,000 $590,000
2024 $4,112 $206,519 $27,147 $179,372
2023 $4,022 $202,470 $26,615 $175,855
2022 $3,849 $198,501 $26,094 $172,407
2021 $3,584 $194,610 $25,583 $169,027
2020 $3,478 $192,615 $25,321 $167,294
2019 $3,450 $192,615 $25,321 $167,294
2018 $3,333 $185,138 $24,339 $160,799
2017 $3,301 $181,509 $23,862 $157,647
2016 $3,136 $177,951 $23,395 $154,556
2015 $3,107 $175,279 $23,044 $152,235
2014 $3,042 $171,846 $22,593 $149,253
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2024

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    12 in this area

    87 Total Sales

    Marc Thurston
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409227

Bakersfield Association of REALTORS® / GEMLS
California Kern County Bakersfield 93309 Southwest Bakersfield

3605 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. 2025.

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