NOT LISTED FOR SALE
-- Bed
-- Bath
20,730 Sq Ft
1.31 Acres

Last Sold July 08, 2022

Last sale price $2,720,000 $131 Per Sq Ft

30 Days on Market

About This Home

As of July 2022

20-unit building located at the SW corner Dana and Christmas tree lane within 1 block of Bakersfield Jr. College. The property features large 2 bedroom / 2 bath units that were built in 1964. When these units become vacant, they rent quickly due their size and amenities. 90% of the units have been upgraded to granite counter tops in the kitchen and bath. All units feature a unique double wall construction with sound fiber pad in between the walls. Many units also feature laundry hookups, but for those not yet installed there is an onsite laundry room. Onsite amenities include covered parking plus a swimming pool. The current rents range from $850 - $1134

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/09/2022

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 1.31 Acre Lot

Interior Spaces

  • 20,730 Sq Ft Home
  • 1-Story Property

Parking

  • Carport
  • Uncovered Parking

Schools

  • Nichols Elementary School
  • Compton Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 38202005

Community Details

Overview

  • 20 Units

Building Details

  • Gross Income $253,714
  • Net Operating Income $128,699

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1964
  • Building Stories: 1
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 20730.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport, Uncovered

Utilities

  • Heatcool: Central AC,Central Heat,Floor/Wall Heater

Schools

  • High School: East
  • Middle Or Junior School: Compton

Lot Info

  • Lot Size Sq Ft: 57063.00
  • Parcel #: 38202005

Multi Family

  • Total Annual Expense: 118016.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 20
  • Annual Gross Income: 253714.00
  • Property Net Operating Income: 128699.00

MLS Schools

  • Elementary School: Nichols, Col.H.

Range of Values:

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Value Increase
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Percent Increase
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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 Prior Sale
07/08/2022 07/08/22 Sold $2,720,000 -9.3% $131 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $3,000,000 +50.0% $145 / Sq Ft
03/12/2020 03/12/20 Sold $2,000,000 -2.9% $96 / Sq Ft View Prior Sale
02/11/2020 02/11/20 Pending -- -- --
10/08/2019 10/08/19 For Sale $2,060,000 -- $99 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202204892

Bakersfield Association of REALTORS® / GEMLS