NOT LISTED FOR SALE
-- Beds
-- Baths
7,270 Sq Ft
0.48 Acre Lot

Sale Details

Date Sold: June 11, 2024

Last sale price $832,500 $115 Per Sq Ft

7 Days on Market

About This Home

As of June 2024

***Seller Financing Available*** This is your opportunity to purchase 13 units in Bakersfield. The property is centrally located near the downtown area and Northern Bakersfield. The units are mix use and include a mix of 1 bedroom, 1 bath and studios. The units are located near area shopping centers, downtown area, local parks.

Last Agent to Sell the Property

Michael Freedman

American Real Estate License #01212171 Listed on: 04/25/2024

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 20,908 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 7,270 Sq Ft Home
  • 1-Story Property

Schools

  • Hills Elementary School
  • Emerson Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 12014027

Community Details

Overview

  • 13 Units
  • The Palo Verde Tract Subdivision

Building Details

  • Gross Income $141,180
  • Net Operating Income $122,658

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0.48 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1957
  • Building Stories: 1
  • Deposit Amount Required: 25000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 0.4800
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 7270.00

Exterior Features

  • Roof: Composition
  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Other

Schools

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

Lot Info

  • Zoning Description: R-2
  • Lot Size Sq Ft: 20908.00
  • Parcel #: 12014027

Multi Family

  • Total Annual Expense: 18521.51
  • Vacancy Factor: 0.01
  • Number Of Units Total: 13
  • Existing Lease Type: Net
  • Annual Gross Income: 141180.00
  • Property Net Operating Income: 122658.40

MLS Schools

  • Elementary School: Hills, Stella

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
Aug 26, 2024
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
$25,000,000
Outstanding Balance
$24,495,533
Interest Rate
6.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 25, 2024
Closed on
Jun 2, 2024
Sold by
Bought by
Seller's Agent
Michael Freedman
American Real Estate
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$980,000
Sold Price
$832,500
Premium/Discount to List
-$147,500
-15.05%
Views
16

Purchase Details

Listed on
Feb 17, 2020
Closed on
Aug 23, 2020
Sold by
Bought by
Seller's Agent
Michael Freedman
American Real Estate
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$864,000
Sold Price
$760,000
Premium/Discount to List
-$104,000
-12.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.44%

Purchase Details

Closed on
Jun 26, 2017
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
$357,500
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 2017
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
$357,500
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
May 2, 2017
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
$357,500
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2003
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
$6,000
Interest Rate
5.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 11, 2002
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
$219,000
Interest Rate
5.86%
Mortgage Type
Commercial

Purchase Details

Closed on
May 30, 2001
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
$115,000
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 6, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Ticor Title
$837,500 Ticor Title
$760,000 Ticor Title Company
-- Chicago Title Company
-- Chicago Title Company
-- Chicago Title Bakersfield
$550,000 Chicago Title Company
$445,000 Chicago Title Company
$400,000 Chicago Title
$210,000 Fidelity
$110,000 Chicago Title Co
-- --
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 $25,000,000
Previous Owner $505,000
Previous Owner $357,500
Previous Owner $6,000
Previous Owner $280,000
Previous Owner $219,000
Previous Owner $58,000
Previous Owner $115,000
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
06/11/2024 06/11/24 Sold $832,500 -15.1% $115 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/25/2024 04/25/24 For Sale $980,000 +28.9% $135 / Sq Ft
09/01/2020 09/01/20 Sold $760,000 -12.0% $105 / Sq Ft View Prior Sale
08/02/2020 08/02/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $864,000 -- $119 / 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 $16,532 $866,132 $217,443 $648,689
2025 $14,267 $849,150 $213,180 $635,970
2024 $14,267 $754,739 $66,855 $687,884
2023 $13,895 $739,942 $65,545 $674,397
2022 $16,804 $775,200 $64,260 $710,940
2021 $13,269 $760,000 $63,000 $697,000
2020 $10,950 $583,663 $58,366 $525,297
2019 $10,808 $583,663 $58,366 $525,297
2018 $10,633 $561,000 $56,100 $504,900
2017 $9,229 $436,766 $51,159 $385,607
2016 $8,687 $428,203 $50,156 $378,047
2015 $8,613 $421,772 $49,403 $372,369
2014 $8,386 $413,511 $48,436 $365,075
Source: Public Records

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202404016

Bakersfield Association of REALTORS® / GEMLS
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