NOT LISTED FOR SALE
-- Bed
-- Bath
37,374 Sq Ft
2.2 Acre Lot

Sale Details

Date Sold: January 28, 2025

Last sale price $5,600,000 $150 Per Sq Ft

About This Home

As of January 2025

Attention all investors: This property comprises a total of 44 units, of which 43 feature a layout of two bedrooms and one bathroom, while one unit offers a one-bedroom, one-bathroom configuration. Each unit includes an assigned carport and a private enclosed patio. The property also boasts an inground pool and provides laundry hookups in each unit for stackable washer and dryer options, in addition to a communal laundry room on-site.

Last Agent to Sell the Property

Eric Van Denk

Central Valley Property Adviso License #02071696 Listed on: 01/01/2025

Co-Listed By

Esteban Contreras

Watson Realty License #01975384

Last Buyer's Agent

Esteban Contreras

Watson Realty License #01975384

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 2.2

Interior Spaces

  • 37,374 Sq Ft Home
  • 2-Story Property

Parking

  • Carport
  • Uncovered Parking

Schools

  • Hills Elementary School
  • Emerson Middle School
  • North High School

Additional Features

  • 2.2 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12018101

Community Details

Overview

  • 44 Units
  • City Bakersfield Subdivision

Building Details

  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

2.2 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1985
  • Building Stories: 2
  • Deposit Amount Required: 80000.00
  • Property Sub Type: 11 Plus
  • Lot Size Acres: 2.2000
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 37374.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: North
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: PUD
  • Lot Size Sq Ft: 95832.00
  • Parcel #: 12018101

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 44
  • Existing Lease Type: Net
  • Annual Gross Income: 1.00
  • Property Net Operating Income: 1.00

MLS Schools

  • Elementary School: Hills, Stella

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
Jan 1, 2025
Closed on
Jan 7, 2025
Sold by
Bought by
Seller's Agent
Eric Van Denk
Central Valley Property Adviso
Buyer's Agent
Esteban Contreras
Watson Realty
List Price
$5,600,000
Sold Price
$5,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,313,000
Outstanding Balance
$2,725,581
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 3, 2015
Closed on
Sep 8, 2015
Sold by
Bought by
Seller's Agent
Marilou Ward
Forward Real Estate
Buyer's Agent
Non Member
Non-member Office
List Price
$3,080,000
Sold Price
$3,000,000
Premium/Discount to List
-$80,000
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$1,950,000
Interest Rate
3.91%

Purchase Details

Closed on
Dec 19, 2013
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
$1,800,000
Interest Rate
4.13%

Purchase Details

Closed on
Aug 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2004
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
$2,156,250
Interest Rate
5.65%

Purchase Details

Closed on
Sep 10, 2002
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 2002
Sold by
Bought by

Purchase Details

Closed on
Apr 7, 1999
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$5,680,000 Ticor Title
$3,000,000 Chicago Title Company
-- North American Title
$100,000 Chicago Title Company
-- Chicago Title
$4,000 Chicago Title
-- Chicago Title
$4,000 Chicago Title
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 $3,313,000
Previous Owner $2,300,000
Previous Owner $1,950,000
Previous Owner $1,800,000
Previous Owner $2,362,500
Previous Owner $2,156,250
Previous Owner $200,000
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
01/28/2025 01/28/25 Sold $5,600,000 0.0% $150 / Sq Ft
01/01/2025 01/01/25 Pending -- -- --
01/01/2025 01/01/25 For Sale $5,600,000 +86.7% $150 / Sq Ft
09/15/2015 09/15/15 Sold $3,000,000 -2.6% $80 / Sq Ft View Prior Sale
07/06/2015 07/06/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $3,080,000 -- $82 / 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
2026 $56,204 $5,793,600 $780,300 $5,013,300
2025 $55,367 $3,551,388 $343,300 $3,208,088
2024 $55,367 $3,481,754 $336,569 $3,145,185
2023 $54,067 $3,413,485 $329,970 $3,083,515
2022 $52,783 $3,346,554 $323,500 $3,023,054
2021 $50,259 $3,280,936 $317,157 $2,963,779
2020 $49,406 $3,247,295 $313,905 $2,933,390
2019 $48,611 $3,247,295 $313,905 $2,933,390
2018 $47,642 $3,121,200 $301,716 $2,819,484
2017 $47,517 $3,060,000 $295,800 $2,764,200
2016 $43,717 $3,000,000 $290,000 $2,710,000
2015 $34,288 $2,141,957 $193,796 $1,948,161
2014 $33,308 $2,100,000 $190,000 $1,910,000
Source: Public Records

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202501169

Bakersfield Association of REALTORS® / GEMLS
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