Seller's Agent in 2025
Philip Jordan
Keller Williams Realty
(805) 453-8353
129 Total Sales
404 Covey Ave Bakersfield, CA 93308
Estimated Value: $633,869 - $649,000
Studio
--
Bath
--
Sq Ft
0.31
Acres Lot
About This Home
As of June 2025Major price modification! 3 unit property newly built in Fall 2024, with LOW LOW expenses. NO RENT CONTROL !...as per state law exemption. Each unit is a detached dwelling with 3 bedrooms/1.5 bathrooms renting from $1550-1700, all on 1-year leases, with their own laundry room and dedicated parking for 2 cars next to their home. Solid tenants on leases. Tile roofs. PAID solar means tenants get power credit and very low electric bills. Tenants PAY WATER. Granite countertops, central island, and built-in MW, stove, DW in kitchen. Builder used DURABLE materials for LOW maintenance. Faux wood ceramic tile flooring throughout. IMAGINE having almost no repairs/maintenance calls for years to come. IMAGINE tenants that will never leave because they have a beautifully finished home with everything brand new, and have tiny electric bill and tiny water bill ($36/mth fixed rate!!) IMAGINE 6.5% cap rate on almost brand-new building: 404 Covey: best property in your portfolio. Each unit is 1058 SF.
Last Agent to Sell the Property
Keller Williams Realty License #00966411 Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2024
Lot Details
- 0.31
Parking
- 6 Car Parking Spaces
- Uncovered Parking
Schools
- Beardsley Elementary And Middle School
- North High School
Additional Features
- 1-Story Property
- 13,503 Sq Ft Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 11418213
Community Details
Overview
- 3 Units
- Covey Acres Subdivision
Building Details
- Gross Income $58,200
- Net Operating Income $41,499
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2025
Closed on
May 26, 2025
Sold by
J & J Acquisition Partners Inc
Bought by
Zakian Raffi
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Kameryn Gomez
People Realty, Inc.
List Price
$674,900
Sold Price
$639,000
Premium/Discount to List
-$35,900
-5.32%
Views
56
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,435
Avg. Annual Appreciation
0.43%
Original Mortgage
$479,250
Outstanding Balance
$475,459
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$165,976
Purchase Details
Closed on
Jul 13, 2023
Sold by
Chenu Frederic and Chenu Celest Frederick
Bought by
J & J Acquisition Partners Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.96%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 22, 2007
Sold by
Chenu Frederic and Chenu Fred
Bought by
Chenu Frederic
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
8%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 30, 2006
Sold by
Chenu Sheila Annette
Bought by
Chenu Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 15, 2006
Sold by
Thind Mohan Singh and Gill Jaswinder K
Bought by
Chenu Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 21, 2004
Sold by
Williford Richard and Williford Teressa
Bought by
Gill Jarnail S and Mohan Thind S
Purchase Details
Closed on
Jun 1, 1999
Sold by
Reynolds Doyle and Reynolds Anna
Bought by
Williford Richard and Williford Teressa
Purchase Details
Closed on
Mar 5, 1998
Sold by
Barr Robert R and Barr Stella M
Bought by
Reynolds Doyle and Reynolds Anna M
Purchase Details
Closed on
Apr 4, 1996
Sold by
A D S I Inc
Bought by
Hawaiian Leisure Travel Club Ltd
Purchase Details
Closed on
Oct 19, 1995
Sold by
Oliver Thomas H
Bought by
Dutcher Leslie Emerson and Plonske William Joseph
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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 |
|---|---|---|---|
| Zakian Raffi | $639,000 | Ticor Title Company | |
| J & J Acquisition Partners Inc | $15,000 | Lawyers Title Company | |
| Chenu Frederic | -- | Chicago Title Company | |
| Chenu Fred | -- | Stewart Title Of Ca Inc | |
| Chenu Fred | $107,500 | Stewart Title Of Ca Inc | |
| Thind Mohan Singh | -- | Stewart Title Of Ca Inc | |
| Thind Mohan Singh | -- | Stewart Title Of Ca Inc | |
| Gill Jarnail S | $70,100 | -- | |
| Williford Richard | $1,500 | -- | |
| Reynolds Doyle | $62,212 | First American Title Ins Co | |
| Hawaiian Leisure Travel Club Ltd | -- | -- | |
| A D S I Inc | -- | -- | |
| Dutcher Leslie Emerson | -- | Chicago Title Co |
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 | Zakian Raffi | $479,250 | |
| Previous Owner | J & J Acquisition Partners Inc | $60,000 | |
| Previous Owner | Chenu Frederic | $78,000 | |
| Previous Owner | Chenu Fred | $75,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Sold | $639,000 | 0.0% | -- |
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 05/08/2025 05/08/25 | Price Changed | $639,000 | -3.0% | -- |
| 04/26/2025 04/26/25 | Price Changed | $659,000 | -2.4% | -- |
| 03/13/2025 03/13/25 | For Sale | $674,900 | -- | -- |
Source: Bakersfield Association of REALTORS® / GEMLS
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 | $1,800 | $552,360 | $69,360 | $483,000 |
| 2024 | $1,800 | $68,000 | $68,000 | -- |
| 2023 | $732 | $60,000 | $60,000 | $0 |
| 2022 | $522 | $42,000 | $42,000 | $0 |
| 2021 | $532 | $42,000 | $42,000 | $0 |
| 2020 | $530 | $42,000 | $42,000 | $0 |
| 2019 | $536 | $42,000 | $42,000 | $0 |
| 2018 | $509 | $40,000 | $40,000 | $0 |
| 2017 | $464 | $36,000 | $36,000 | $0 |
| 2016 | $433 | $36,000 | $36,000 | $0 |
| 2015 | $402 | $34,000 | $34,000 | $0 |
| 2014 | $582 | $50,000 | $50,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Jordan
-
Kameryn Gomez
K
Buyer's Agent in 2025
Kameryn Gomez
People Realty, Inc.
20 Total Sales
-
Savannah Gomez
S
Buyer Co-Listing Agent in 2025
Savannah Gomez
People Realty, Inc.
7 Total Sales
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202502977
APN: 114-182-13-00-5
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.
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