$645,000
SOLD DEC 31, 2024
-- Bed
-- Bath
3,129 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$206 Per Sq Ft

4% Below List Price

124 Days on Market

About This Home

As of December 2024

Excellent opportunity to start investing or add to your current portfolio. This is a fully occupied 4-plex currently operating at a 6% cap rate. Centrally located in Bakersfield and close to all major freeways, shopping, public transportation and schools.

Last Agent to Sell the Property

Mark Clemmer

Clemmer and Company Real Estat License #01994471 Listed on: 07/10/2024

Last Buyer's Agent

Michael McCracken

MM and Associates License #01723243

MM and Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,120

Year Built

  • Built in 1971

Parking

  • 3 Car Garage

Interior Spaces

  • 3,129 Sq Ft Home
  • 2-Story Property

Schools

  • Stine Elementary School
  • Thompson Middle School
  • West High School

Additional Features

  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 44017203

Community Details

Overview

  • 4 Units
  • 2924 City/Bakersfield Subdivision

Building Details

  • Gross Income $56,940
  • Net Operating Income $41,008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,120

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1971
  • Building Stories: 2
  • Deposit Amount Required: 6000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.1700
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3129.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Number Of Garages: 3
  • Parking Features: Garage, Other

Utilities

  • Heatcool: Central AC, Central Heat

Schools

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

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 7405.00
  • Parcel #: 44017203

Multi Family

  • Total Annual Expense: 15932.00
  • Vacancy Factor: 0.10
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 56940.00
  • Property Net Operating Income: 41008.00

MLS Schools

  • Elementary School: Stine

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2024
Closed on
Nov 26, 2024
Sold by
Weber Kenneth A and Weber Amy L
Bought by
Klinkhammer Tyler
Seller's Agent
Mark Clemmer
Clemmer and Company Real Estat
Buyer's Agent
Michael McCracken
MM and Associates
List Price
$675,000
Sold Price
$645,000
Premium/Discount to List
-$30,000
-4.44%
Total Days on Market
124
Views
21
Current Estimated Value
$655,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,160
Avg. Annual Appreciation
3.89%
Original Mortgage
$483,750
Outstanding Balance
$482,080
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$173,080
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $645,000 Placer Title
Grant Deed $645,000 Placer Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $483,750 New Conventional
Closed $483,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2024 12/31/24 Sold $645,000 -4.4% $206 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $675,000 +24.8% $216 / Sq Ft
03/09/2022 03/09/22 Sold $541,000 +3.0% $173 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $525,000 +81.0% $168 / Sq Ft
07/21/2017 07/21/17 Sold $290,000 +0.3% $93 / Sq Ft
06/21/2017 06/21/17 Pending -- -- --
03/01/2017 03/01/17 For Sale $289,000 -- $92 / 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
2024 $9,120 $562,856 $130,050 $432,806
2023 $9,120 $551,820 $127,500 $424,320
2022 $5,984 $310,936 $53,609 $257,327
2021 $5,600 $304,840 $52,558 $252,282
2020 $5,600 $301,716 $52,020 $249,696
2019 $5,368 $301,716 $52,020 $249,696
2018 $5,161 $290,000 $50,000 $240,000
2017 $4,969 $274,533 $56,151 $218,382
2016 $4,706 $269,150 $55,050 $214,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202406711

Bakersfield Association of REALTORS® / GEMLS

APN: 440-172-03-00-1