NOT LISTED FOR SALE

Estimated Value: $430,907 - $464,000

4 Beds
2 Baths
1,710 Sq Ft
$260/Sq Ft Est. Value

Last Sold April 09, 2024

Last sale price $415,000 $243 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,808/month

32 Days on Market

Highlights

  • Laundry Room
  • Fenced
  • 1-Story Property
  • Central Air
  • Carpet
  • 2-minute walk to North Highland Park

About This Home

As of April 2024

Embrace the allure of investment potential in North Bakersfield with this duplex, strategically positioned mere minutes away from the airport and Hwy 99. The property boasts an excellent unit mix featuring two-bedroom, two-bathroom units, catering to diverse tenant needs and enhancing its overall desirability. Investors will find promising opportunities for increased returns, thanks to the current market conditions signaling potential rental appreciation. Affordability takes center stage, offering an attractive entry point into real estate investment without compromising on potential gains. The stability of long-term tenants adds a layer of security, ensuring a steady income stream and minimizing turnover costs. This duplex, with its bite-sized investment appeal, is a smart choice for those looking to navigate the real estate market with manageable commitments. Seize the opportunity to capitalize on this well-located property, where convenience, affordability, and upside potential meet

Last Agent to Sell the Property

Esteban Contreras

Watson Realty Brokerage Phone: 661-617-0074 License #01975384 Listed on: 02/16/2024

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,197

Year Built

  • Built in 1979

Lot Details

  • 7,456 Sq Ft Lot
  • 1 Common Wall
  • Fenced
  • Stucco Fence
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,710 Sq Ft Home
  • 1-Story Property
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Utilities

  • Central Air

Listing and Financial Details

  • Tax Lot 13
  • Tax Tract Number 3966
  • Assessor Parcel Number 48311208001
  • $1,778 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $11,208
  • Gross Income $28,020
  • Net Operating Income $16,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,197

Year Built

Built in 1979

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 199975
  • Property Attached: Yes
  • Zoning: R-2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 48311208001
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: FRONT
  • Common Walls: 1 Common Wall
  • Flooring: Carpet
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 242.69
  • Room Type: All Bedrooms Down

Exterior Features

  • Fence: Yes
  • Fencing: Stucco Wall
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7456.00
  • Lot Size Acres: 0.1712

Multi Family

  • Gross Income: 28020.00
  • Gross Scheduled Income: 28020.00
  • Lot Size Area: 7456.0000 Square Feet
  • Net Operating Income: 16812.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 11208.00
  • Rent Control: Yes
  • Total Expenses: 11208.00

Tax Info

  • Tax Census Tract: 1.04
  • Tax Lot: 13
  • Tax Tract Number: 3966
  • TaxOtherAnnualAssessmentAmount: 1778.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
Mar 12, 2024
Sold by
Valley Paradise Llc
Bought by
Escamilla Ilda and Escamilla Antonio
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$399,950
Sold Price
$415,000
Premium/Discount to List
$15,050
3.76%
Views
71
Current Estimated Value
$444,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,977
Avg. Annual Appreciation
5.65%
Original Mortgage
$311,250
Outstanding Balance
$307,775
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$137,202

Purchase Details

Closed on
Aug 25, 2014
Sold by
Azouz David
Bought by
Valley Paradise Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2014
Sold by
Azouz Caroline
Bought by
Azouz David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2014
Sold by
Hawker Investments Llc
Bought by
Valley Paradise Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2011
Sold by
Meaders Michael L and Meaders Idonna L
Bought by
Hawker Investments Llc

Purchase Details

Closed on
Aug 29, 2006
Sold by
Frank Rodney
Bought by
Meaders Michael L and Meaders Idonna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.53%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Escamilla Ilda $415,000 Wfg National Title
Valley Paradise Llc -- Accommodation
Azouz David -- Fidelity National Title Co
Azouz David -- Fidelity National Title
Valley Paradise Llc $175,000 Chicago Title Company
Hawker Investments Llc -- Chicago Title Insurance
Meaders Michael L $275,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Escamilla Ilda $311,250
Previous Owner Azouz David $104,000
Previous Owner Azouz David $104,000
Previous Owner Hawker Investments Llc $273,000
Previous Owner Meaders Michael L $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $415,000 +3.8% $243 / Sq Ft
02/16/2024 02/16/24 For Sale $399,950 -- $234 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2024 $4,197 $206,190 $41,235 $164,955
2023 $4,197 $202,148 $40,427 $161,721
2022 $3,991 $198,185 $39,635 $158,550
2021 $3,815 $194,300 $38,858 $155,442
2020 $3,654 $192,309 $38,460 $153,849
2019 $3,609 $192,309 $38,460 $153,849
2018 $3,484 $184,843 $36,967 $147,876
2017 $3,458 $181,220 $36,243 $144,977
2016 $3,201 $177,668 $35,533 $142,135
2015 $3,156 $175,000 $35,000 $140,000
2014 $2,146 $88,835 $20,902 $67,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MD24033428

California Regional Multiple Listing Service (CRMLS)

APN: 483-112-08-00-1