Seller's Agent in 2025
Omar Ortiz
My Realty Company, Inc.
(805) 249-0131
2 in this area
100 Total Sales
401 E California Ave Bakersfield, CA 93307
Lakeview Neighborhood
--
Bed
--
Bath
3,924
Sq Ft
9,583
Sq Ft Lot
About This Home
As of November 2025Incredible investment opportunity in a high-visibility corner location. This versatile M1-zoned property features a fully leased mixed-use setup with a commercial storefront, a renovated 3 bed/2 bath home, four 1 bed/1 bath casitas (three recently updated), a garage with office/storage space, and income-producing billboard signage. Most units have been upgraded, and all have separate PG&E meters (six total); water is owner-paid. Strong rental history with solid cash flow and upside potential. Located in an established area near downtown Bakersfield with convenient access to major streets and freeways. Ideal for investors seeking steady income and long-term growth in a mixed-use setting. Do not disturb tenants. Drive by only.
Last Agent to Sell the Property
My Realty Company, Inc. License #02056548 Listed on: 08/01/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1946
Lot Details
- 9,583 Sq Ft Lot
Interior Spaces
- 3,924 Sq Ft Home
- 1-Story Property
- Heated Floors
Parking
- 2 Car Parking Spaces
- Uncovered Parking
Schools
- Owens Elementary School
- Bakersfield High School
Listing and Financial Details
- Assessor Parcel Number 13904201
Community Details
Overview
- 7 Units
- Borgwardt Tr Subdivision
Building Details
- Gross Income $101,340
- Net Operating Income $80,240
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2025
Closed on
Nov 4, 2025
Sold by
Pori Family Llc
Bought by
Excelle Cares
Seller's Agent
Omar Ortiz
My Realty Company, Inc.
Buyer's Agent
Omar Ortiz
My Realty Company, Inc.
List Price
$825,000
Sold Price
$725,000
Premium/Discount to List
-$100,000
-12.12%
Views
67
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.37%
Purchase Details
Closed on
Oct 22, 2024
Sold by
Pori Eric
Bought by
Pori Family Llc
Purchase Details
Listed on
Jul 28, 2023
Closed on
Oct 24, 2023
Sold by
Lei Troy
Bought by
Pori Eric
Seller's Agent
Marshall Sanders
Keller Williams Realty
Buyer's Agent
Omar Ortiz
My Realty Company, Inc.
List Price
$589,950
Sold Price
$590,000
Premium/Discount to List
$50
0.008%
Views
235
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.97%
Original Mortgage
$325,000
Interest Rate
7.18%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 7, 2022
Closed on
Jan 24, 2022
Sold by
Magana Family Trust
Bought by
Lei Troy T
Seller's Agent
Kathrina Blakemore
Coldwell Banker Preferred,RLT
Buyer's Agent
Kathrina Blakemore
Coldwell Banker Preferred,RLT
List Price
$274,900
Sold Price
$275,000
Premium/Discount to List
$100
0.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.30%
Original Mortgage
$325,000
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $725,000 | Placer Title | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $590,000 | Chicago Title Company | |
| Grant Deed | $275,000 | Placer Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $325,000 | New Conventional | |
| Previous Owner | $325,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/12/2025 11/12/25 | Sold | $725,000 | -9.4% | $185 / Sq Ft | |
| 10/16/2025 10/16/25 | Price Changed | $799,999 | +6.7% | $204 / Sq Ft | |
| 10/16/2025 10/16/25 | Price Changed | $750,000 | -6.2% | $191 / Sq Ft | |
| 08/25/2025 08/25/25 | Price Changed | $799,900 | -3.0% | $204 / Sq Ft | |
| 08/01/2025 08/01/25 | For Sale | $825,000 | +39.8% | $210 / Sq Ft | |
| 10/31/2023 10/31/23 | Sold | $590,000 | 0.0% | -- | View Prior Sale |
| 10/24/2023 10/24/23 | Pending | -- | -- | -- | |
| 07/28/2023 07/28/23 | For Sale | $589,950 | +114.5% | -- | |
| 01/28/2022 01/28/22 | Sold | $275,000 | 0.0% | -- | View Prior Sale |
| 01/07/2022 01/07/22 | For Sale | $274,900 | -- | -- |
Source: Bakersfield Association of REALTORS® / GEMLS
Tax History Compared to Growth
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 | $7,364 | $601,800 | $117,300 | $484,500 |
| 2024 | $7,364 | $590,000 | $115,000 | $475,000 |
| 2023 | $3,713 | $280,500 | $96,900 | $183,600 |
| 2022 | $962 | $48,822 | $13,274 | $35,548 |
| 2021 | $1,433 | $47,865 | $13,014 | $34,851 |
| 2020 | $1,433 | $47,375 | $12,881 | $34,494 |
| 2019 | $1,398 | $47,375 | $12,881 | $34,494 |
| 2018 | $1,384 | $45,537 | $12,382 | $33,155 |
| 2017 | $1,382 | $44,645 | $12,140 | $32,505 |
| 2016 | $1,327 | $43,770 | $11,902 | $31,868 |
| 2015 | $1,309 | $43,114 | $11,724 | $31,390 |
| 2014 | $1,275 | $42,271 | $11,495 | $30,776 |
Source: Public Records
Agents Affiliated with this Home
-
Omar Ortiz
-
M
Seller's Agent in 2023
Marshall Sanders
Keller Williams Realty
-
Kathrina Blakemore
K
Seller's Agent in 2022
Kathrina Blakemore
Coldwell Banker Preferred,RLT
(661) 327-2121
1 in this area
42 Total Sales
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202508691
APN: 139-042-01-00-0
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Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.
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