NOT LISTED FOR SALE

Estimated Value: $565,000 - $722,000

8 Beds
2 Baths
3,964 Sq Ft
$163/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $637,500 $161 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,146/month

93 Days on Market

About This Home

As of March 2024

Great investment potential on this 4-Plex property! Located in Bakersfield's 'secret' 4-plex community - consisting of three units with 2 bedrooms, 1.5 baths. Fourth unit is a 2 bedroom 2 bath with attached 2-car garage. Close to restaurants, shopping, schools andparks. Don't miss this great opportunity!

Last Agent to Sell the Property

Lawrence Fleischman

RE/MAX of Valencia License #02051299 Listed on: 11/16/2023

RE/MAX of Valencia

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

  • $7,554

Year Built

  • Built in 1979

Lot Details

  • 10,454

Home Design

  • Composition Roof

Interior Spaces

  • 3,964 Sq Ft Home
  • 2-Story Property

Schools

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

Additional Features

  • 10,454 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 11917204

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $52,680
  • Net Operating Income $46,770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,554

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1979
  • Building Stories: 2
  • Deposit Amount Required: 3964.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.2400
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3964.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Other

Utilities

  • Heatcool: Central AC, Central Heat

Schools

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

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 10454.00
  • Parcel #: 11917204

Multi Family

  • Total Annual Expense: 5910.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 52680.00
  • Property Net Operating Income: 46770.00

MLS Schools

  • Elementary School: Hills, Stella

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 22, 2024
Sold by
Villa Alberto Jason and Tatlow James
Bought by
Carrera Property Management
Seller's Agent
Lawrence Fleischman
RE/MAX of Valencia
Buyer's Agent
Javier Hernandez
Home Base Realty & Investments
List Price
$650,000
Sold Price
$637,500
Premium/Discount to List
-$12,500
-1.92%
Views
201
Current Estimated Value
$646,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,062
Avg. Annual Appreciation
-0.80%
Original Mortgage
$637,500
Outstanding Balance
$628,233
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$1,714

Purchase Details

Closed on
Jul 15, 2020
Sold by
Vt Investments Llc
Bought by
Villa Alberto Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2018
Sold by
Villa Alberto Jason
Bought by
Vt Invetmnts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,625
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2018
Sold by
Villa Shayla Rebecca
Bought by
Villa Alberto Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,625
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2003
Sold by
Patterson Holdings Llc
Bought by
Sarkissian Hamlet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2002
Sold by
Patterson Edward Gene and Patterson Sharlyn
Bought by
Patterson Holdings Llc

Purchase Details

Closed on
Aug 12, 2001
Sold by
Pursel Janis G and The Douglas H Pursel Exempt Ma
Bought by
Patterson Edward Gene and Patterson Sharlyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.05%

Purchase Details

Closed on
Apr 24, 2001
Sold by
Pursel Janis G and The Pursel Family Revocable Tr
Bought by
Pursel Janis G and The Douglas H Pursel Exempt Ma
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Carrera Property Management $637,500 Ticor Title
Villa Alberto Jason $146,500 Pacific Coast Title Company
Vt Invetmnts Llc $158,500 None Available
Villa Alberto Jason -- Ticor Title Co
Villa Alberto Jason $395,500 Ticor Title Co
Sarkissian Hamlet $300,000 Chicago Title
Patterson Holdings Llc -- --
Patterson Edward Gene $145,000 First American Title Co
Pursel Janis G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carrera Property Management $637,500
Previous Owner Villa Alberto Jason $292,500
Previous Owner Villa Alberto Jason $296,625
Previous Owner Sarkissian Hamlet $100,000
Previous Owner Sarkissian Hamlet $45,000
Previous Owner Sarkissian Hamlet $225,000
Previous Owner Patterson Edward Gene $108,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $637,500 -1.9% $161 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
11/15/2023 11/15/23 For Sale $650,000 -- $164 / 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 $7,554 $649,740 $102,000 $547,740
2024 $7,554 $431,986 $82,021 $349,965
2023 $7,381 $423,516 $80,413 $343,103
2022 $7,182 $415,213 $78,837 $336,376
2021 $6,786 $407,073 $77,292 $329,781
2020 $6,649 $402,900 $76,500 $326,400
2019 $6,519 $402,900 $76,500 $326,400
2018 $6,000 $356,000 $71,000 $285,000
2017 $5,569 $317,000 $63,000 $254,000
2016 $5,041 $300,000 $60,000 $240,000
2015 $4,791 $277,000 $42,000 $235,000
2014 $3,862 $202,000 $50,000 $152,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202311708

Bakersfield Association of REALTORS® / GEMLS

APN: 119-172-04-00-1