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

Sale Details

Date Sold: July 8, 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

1.31 Acres

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.

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

Listed on
May 9, 2022
Closed on
Jun 15, 2022
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$3,000,000
Sold Price
$2,720,000
Premium/Discount to List
-$280,000
-9.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,632,000
Interest Rate
0.051%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2021
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2020
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
$1,150,000
Interest Rate
0.035%
Mortgage Type
Small Business Administration

Purchase Details

Closed on
Oct 1, 2019
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$2,720,000 Placer Title
-- Accommodation
-- Accommodation
$2,000,000 Placer Title Company
-- None Available
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 $1,632,000
Previous Owner $1,150,000
Previous Owner $485,000
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
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

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
2025 $31,697 $2,187,288 $249,350 $1,937,938
2024 $31,697 $2,144,401 $244,461 $1,899,940
2023 $30,996 $2,102,355 $239,668 $1,862,687
2022 $30,327 $2,061,133 $234,969 $1,826,164
2021 $29,115 $2,020,719 $230,362 $1,790,357
2020 $29,115 $1,157,208 $126,803 $1,030,405
2019 $18,250 $1,157,208 $126,803 $1,030,405
2018 $17,905 $1,112,274 $121,880 $990,394
2017 $17,860 $1,090,466 $119,491 $970,975
2016 $16,506 $1,069,086 $117,149 $951,937
2015 $16,415 $1,053,029 $115,390 $937,639
2014 $15,941 $1,032,402 $113,130 $919,272
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
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