NOT LISTED FOR SALE

Estimated Value: $647,112 - $684,000

8 Beds
4 Baths
3,264 Sq Ft
$204/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $630,000 $193 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,314/month

14 Days on Market

About This Home

As of March 2024

An opportunity to expand your real estate portfolio. Here is a 4unit apartment complex, all of the units have been recently renovated. All of the units are 2 bedroom , 1 bath. The property is gated and each tenant has its own parking. All of the units are occupied ! Call, if you have any questions.

Last Agent to Sell the Property

Michael Melendez

Central Valley Property Adviso License #02139374 Listed on: 02/26/2024

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Javier Hernandez

Home Base Realty & Investments License #01222599

Home Base Realty & Investments

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,264

Year Built

  • Built in 1991

Lot Details

  • 6,534

Parking

  • Carport

Home Design

  • Composition Roof

Interior Spaces

  • 3,264 Sq Ft Home
  • 2-Story Property

Schools

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

Additional Features

  • 6,534 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 44017111

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $64,800
  • Net Operating Income $42,025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,264

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1991
  • Building Stories: 2
  • Deposit Amount Required: 7000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.1500
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3264.00

Exterior Features

  • Roof: Composition
  • Disclosures: Call Listing Agent, None of the Above

Garage/Parking

  • Parking Features: Carport, Other

Utilities

  • Heatcool: Central AC, Central Heat

Schools

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

Lot Info

  • Zoning Description: R-3
  • Lot Size Sq Ft: 6534.00
  • Parcel #: 44017111

Multi Family

  • Total Annual Expense: 20831.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 64800.00
  • Property Net Operating Income: 42025.00

MLS Schools

  • Elementary School: Stine

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Mar 12, 2024
Sold by
Citygate Investment Properties Llc
Bought by
Merland Llc
Seller's Agent
Michael Melendez
Central Valley Property Adviso
Buyer's Agent
Javier Hernandez
Home Base Realty & Investments
List Price
$669,999
Sold Price
$630,000
Premium/Discount to List
-$39,999
-5.97%
Views
30
Current Estimated Value
$665,278

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,278
Avg. Annual Appreciation
4.51%

Purchase Details

Listed on
Oct 27, 2022
Closed on
Dec 5, 2022
Sold by
Myint Andy Kyaw and Wei Lan
Bought by
Citygate Investment Properties Llc
Seller's Agent
Daniel Castaneda
Unknown Broker
Buyer's Agent
Karin Munoz
Berkshire Hathaway Homeservice
List Price
$500,000
Sold Price
$470,000
Premium/Discount to List
-$30,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.40%

Purchase Details

Listed on
Sep 27, 2018
Closed on
Feb 14, 2019
Sold by
Warr Russell G
Bought by
Myint Andy Kyaw and Mo Wei Lan
Seller's Agent
Jaime Leal
Power House Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$358,950
Sold Price
$350,000
Premium/Discount to List
-$8,950
-2.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%
Original Mortgage
$262,500
Interest Rate
4.3%

Purchase Details

Listed on
Jan 29, 2016
Closed on
Mar 3, 2016
Sold by
Lanza Joseph M and The Joseph M Lanza Revocable T
Bought by
Warr Russell G
Seller's Agent
Alfonso Gomez Sanchez
People Realty, Inc.
Buyer's Agent
Esmeralda De La Rosa
People Realty, Inc.
List Price
$305,000
Sold Price
$295,000
Premium/Discount to List
-$10,000
-3.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$221,250
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2012
Closed on
Oct 31, 2012
Sold by
Maws Inc
Bought by
Lanza Joseph M and The Joseph M Lanza Revocable T
Seller's Agent
Brigitte Strizak
Falcon Realty Group
Buyer's Agent
Diana McCombs
Unknown Broker
List Price
$219,000
Sold Price
$200,000
Premium/Discount to List
-$19,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.82%

Purchase Details

Listed on
Apr 21, 2012
Closed on
May 24, 2012
Sold by
Aurora Loan Services Llc
Bought by
Maws Incorporated
Seller's Agent
Linda Banales
Watson Realty
Buyer's Agent
Shanti Brinsfield
Watson Realty
List Price
$119,900
Sold Price
$130,000
Premium/Discount to List
$10,100
8.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
201.79%

Purchase Details

Closed on
Aug 26, 2011
Sold by
Lukich Mirjana
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Jan 2, 2004
Sold by
Horsey Phillip and Horsey Monica
Bought by
Lukich Mirjana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2001
Sold by
Padilla Patrick A
Bought by
Horsey Phillip and Horsey Monica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,210
Interest Rate
10.99%

Purchase Details

Closed on
Apr 23, 2001
Sold by
Hayes Emma
Bought by
Jones Lorraine L and Jones James H

Purchase Details

Closed on
Jan 23, 2001
Sold by
Padilla Irene M
Bought by
Padilla Patrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,547
Interest Rate
6.98%

Purchase Details

Closed on
Jan 16, 2001
Sold by
Jones Lorraine L and Jones James H
Bought by
Padilla Patrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,547
Interest Rate
6.98%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Merland Llc $630,000 Ticor Title Company
Citygate Investment Properties Llc $470,000 Corinthian Title
Myint Andy Kyaw $350,000 Placer Title Er
Warr Russell G $295,000 Placer Title Company
Lanza Joseph M $200,000 Stewart Title Of Ca Inc
Maws Incorporated $130,000 Lsi Title Company
Aurora Loan Services Llc $346,013 Accommodation
Lukich Mirjana $300,000 Fidelity Title
Horsey Phillip $137,000 Commonwealth Land Title Co
Jones Lorraine L -- --
Padilla Patrick A -- Commonwealth Land Title Co
Padilla Patrick A $95,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myint Andy Kyaw $262,500
Previous Owner Warr Russell G $221,250
Previous Owner Lukich Mirjana $51,000
Previous Owner Lukich Mirjana $332,500
Previous Owner Lukich Mirjana $210,000
Previous Owner Horsey Phillip $156,000
Previous Owner Horsey Phillip $123,210
Previous Owner Padilla Patrick A $12,275
Previous Owner Padilla Patrick A $76,547
Closed Padilla Patrick A $18,500
Closed Horsey Phillip $13,690
Closed Lukich Mirjana $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $630,000 -6.0% $193 / Sq Ft
03/11/2024 03/11/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $669,999 +42.6% $205 / Sq Ft
01/06/2023 01/06/23 Sold $470,000 -6.0% $144 / Sq Ft
12/07/2022 12/07/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $500,000 +42.9% $153 / Sq Ft
04/02/2019 04/02/19 Sold $350,000 -2.5% $107 / Sq Ft
03/03/2019 03/03/19 Pending -- -- --
09/27/2018 09/27/18 For Sale $358,950 +21.7% $110 / Sq Ft
04/27/2016 04/27/16 Sold $295,000 -3.3% $90 / Sq Ft
03/28/2016 03/28/16 Pending -- -- --
01/29/2016 01/29/16 For Sale $305,000 +52.5% $93 / Sq Ft
11/02/2012 11/02/12 Sold $200,000 -8.7% $61 / Sq Ft
10/27/2012 10/27/12 For Sale $219,000 +68.5% $67 / Sq Ft
06/13/2012 06/13/12 Sold $130,000 +8.4% $40 / Sq Ft
05/14/2012 05/14/12 Pending -- -- --
04/21/2012 04/21/12 For Sale $119,900 -- $37 / 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 $8,264 $642,600 $127,500 $515,100
2024 $8,264 $479,400 $127,500 $351,900
2023 $6,965 $375,267 $80,413 $294,854
2022 $7,174 $367,910 $78,837 $289,073
2021 $6,276 $360,697 $77,292 $283,405
2020 $6,276 $357,000 $76,500 $280,500
2019 $5,579 $319,315 $54,121 $265,194
2018 $5,361 $306,918 $52,020 $254,898
2017 $5,283 $300,900 $51,000 $249,900
2016 $4,021 $208,044 $36,406 $171,638
2015 $3,972 $204,920 $35,860 $169,060
2014 $3,872 $200,907 $35,158 $165,749
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202401819

Bakersfield Association of REALTORS® / GEMLS

APN: 440-171-11-00-7