NOT LISTED FOR SALE

Estimated Value: $256,000 - $495,000

3 Beds
2 Baths
1,260 Sq Ft
$332/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $75,000 $60 Per Sq Ft

Est. 458% increase in value since last sale

Current estimated payment $2,866/month

2 Days on Market

About This Home

As of December 2021

FIRE DAMAGE - This property is located in Central Bakersfield just across the street from a beautiful elementary school and just down the street from Kern County Museum and Memorial Hospital! Previously 2 Units. One x 1 bed 1 bath unit. One x 2 bed 1 bath unit. There is also a storage unit at the back of the property which can be converted to another 1 bed 1 bath unit, bringing the total to 3 units. The market rents for all 3 units are close to $2500/month! Purchase the neighboring lot for additional parking or space for even more units as well! Don't miss out on this deal! Call or text for more information! Pictures of the property are shown prior to fire damage condition. Multiple Offers - Offers Due 11/19/21 @ 12 PM.

Last Agent to Sell the Property

Sanjeev Advani

Sanjeev Advani, Broker License #01869863 Listed on: 11/15/2021

Last Buyer's Agent

Ben Amey

Miramar International Calloway License #02086914

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,911

Year Built

  • Built in 1949

Lot Details

  • 5,215 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 1,260 Sq Ft Home
  • 1-Story Property

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 12015004

Community Details

Overview

  • 2 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $30,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,911

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1949
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1260.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered, Other

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

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

Lot Info

  • Lot Size Sq Ft: 5215.00
  • Parcel #: 12015004

Multi Family

  • Total Annual Expense: 6000.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 30000.00
  • Property Net Operating Income: 24000.00

MLS Schools

  • Elementary School: Hills, Stella

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2023
Sold by
Kern Legacy Investments Llc
Bought by
Ruiz Victor A and Mendoza Letisia
Current Estimated Value
$418,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$324,800
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$98,097
Source: Public Records

Range of Values:

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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
Ruiz Victor A $445,000 Lennar Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Victor A $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $75,000 +89.9% $60 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $39,500 -67.5% $31 / Sq Ft
05/20/2019 05/20/19 Sold $121,500 -10.0% $96 / Sq Ft
04/20/2019 04/20/19 Pending -- -- --
03/07/2019 03/07/19 For Sale $135,000 -- $107 / 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 $6,911 $453,900 $45,900 $408,000
2024 $6,911 $445,000 $45,000 $400,000
2023 $3,529 $183,500 $30,600 $152,900
2022 $2,019 $75,000 $30,000 $45,000
2021 $2,438 $123,668 $30,917 $92,751
2020 $2,438 $122,400 $30,600 $91,800
2019 $1,645 $64,944 $21,648 $43,296
2018 $1,614 $62,424 $20,808 $41,616
2017 $1,599 $61,200 $20,400 $40,800
2016 $1,383 $62,969 $20,983 $41,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202112153

Bakersfield Association of REALTORS® / GEMLS

APN: 120-150-04-00-1