NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold November 20, 2024

Last sale price $1,160,000

About This Home

As of November 2024

The offering features 4 units with layouts of three (3) bedroom, two (2) bathroom units & two (2) bedroom, two (2) bathroom units. These duplexes are thoughtfully designed to accommodate a diverse tenant base, offering an attractive unit mix that appeals to families, professionals, and individuals alike. Embrace the future of sustainable living with paid solar panels for each duplex, reducing utility costs for both you and your tenants. Additionally, the implementation of Ratio Utility Billing System (RUBS) for all utilities, including common area PGE, ensures maximum earnings and streamlined operations. Don't miss the opportunity to add this exceptional property to your portfolio, as it seeks to be the highest earning asset you've ever owned.

Last Agent to Sell the Property

Eric Van Denk

Central Valley Property Adviso License #02071696 Listed on: 02/19/2024

Last Buyer's Agent

Gurjit Singh

Singh Properties License #02061009

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 8,276

Home Design

  • Tile Roof

Schools

  • Harding Elementary School
  • Compton Middle School
  • East High School

Additional Features

  • 1-Story Property
  • 8,276 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number NEW OR UNDER CONSTRUCTION

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $972,000
  • Net Operating Income $72,900

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2023
  • Building Stories: 1
  • Deposit Amount Required: 30000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.1900
  • Special Features: NewHome
  • Stories: 1

Exterior Features

  • Roof: Tile
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: East
  • Middle Or Junior School: Compton

Lot Info

  • Zoning Description: R1
  • Lot Size Sq Ft: 8276.00
  • Parcel #: NEW OR UNDER CONSTRUCTION

Multi Family

  • Total Annual Expense: 24300.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 972000.00
  • Property Net Operating Income: 72900.00

MLS Schools

  • Elementary School: Harding, Ruth
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2024 11/20/24 Sold $1,160,000 0.0% --
02/19/2024 02/19/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $1,160,000 -- --
Source: Bakersfield Association of REALTORS® / GEMLS

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202411928

Bakersfield Association of REALTORS® / GEMLS