NOT LISTED FOR SALE

507 Oleander Ave Bakersfield, CA 93304

Oleander-Sunset Neighborhood

Estimated Value: $391,000 - $570,000

5 Beds
2 Baths
2,978 Sq Ft
$157/Sq Ft Est. Value

Sale Details

Date Sold: December 13, 2024

Last sale price $420,000 $141 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,822 / mo

62 Days on Market

Highlights

  • 0.34 Acre Lot
  • 1-Story Property
  • 1-minute walk to Beale Park
  • Central Air

About This Home

As of December 2024

This incredible property features a spacious 5-bedroom, 3-bath main home with a 2-car garage, private yard, and an oversized driveway. In the back, you'll find a duplex with two 1-bedroom, 1-bath units, perfect for additional rental income. All units are on separate meters, and the entire property sits on a generous 14,000 sq. ft. lot. Currently tenant-occupied, this is a fantastic investment opportunity with built-in cash flow. Act now!

Last Agent to Sell the Property

Eric Mora

The Mora Partners Inc. License #01879460 Listed on: 09/20/2024

Last Buyer's Agent

Amber Ranger

Watson Realty License #01722460

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 14,810 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,978 Sq Ft Home
  • 1-Story Property

Schools

  • Penn Elementary School
  • Emerson Middle School
  • Bakersfield High School

Utilities

  • Central Air
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 00733206

Community Details

Overview

  • 3 Units
  • Chester Tract Subdivision

Building Details

  • Gross Income $37,680
  • Net Operating Income $33,912

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0.34 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Building Stories: 1
  • Deposit Amount Required: 3000.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.3400
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2978.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC, Evaporative

Schools

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

Lot Info

  • Zoning Description: R-2
  • Lot Size Sq Ft: 14810.00
  • Parcel #: 00733206

Multi Family

  • Total Annual Expense: 4568.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 37680.00
  • Property Net Operating Income: 33912.00

MLS Schools

  • Elementary School: Penn, William

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Nov 6, 2024
Sold by
Sbe Lp
Bought by
Smith Marcus Duarte and Dyer Eliza
Seller's Agent
Eric Mora
The Mora Partners Inc.
Buyer's Agent
Amber Ranger
Watson Realty
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Views
756
Current Estimated Value
$468,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,117
Avg. Annual Appreciation
8.24%
Original Mortgage
$399,000
Outstanding Balance
$395,456
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$72,661

Purchase Details

Closed on
Jul 29, 2024
Sold by
Johnson Harolyn L
Bought by
Sbe Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Marcus Duarte $450,000 Chicago Title Company
Smith Marcus Duarte $450,000 Chicago Title Company
Sbe Lp $350,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Marcus Duarte $399,000
Closed Smith Marcus Duarte $399,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2024 12/13/24 Sold $420,000 -6.7% $141 / Sq Ft
09/20/2024 09/20/24 For Sale $450,000 -- $151 / Sq Ft
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 $4,287 $420,000 $90,000 $330,000
2024 $4,186 $244,009 $48,788 $195,221
2023 $4,186 $239,226 $47,832 $191,394
2022 $4,072 $234,537 $46,895 $187,642
2021 $3,816 $229,939 $45,976 $183,963
2020 $3,724 $227,582 $45,505 $182,077
2019 $3,653 $227,582 $45,505 $182,077
2018 $3,573 $218,746 $43,739 $175,007
2017 $3,552 $214,458 $42,882 $171,576
2016 $3,278 $210,254 $42,042 $168,212
2015 $3,257 $207,097 $41,411 $165,686
2014 $3,156 $203,041 $40,600 $162,441
Source: Public Records

Agents Affiliated with this Home

  • Eric Mora

    Seller's Agent in 2024

    Eric Mora

    The Mora Partners Inc.

    (661) 463-8186

    27 in this area

    499 Total Sales

    Eric Mora
    Section Image

  • A

    Buyer's Agent in 2024

    Amber Ranger

    Watson Realty

    (661) 703-4482

    3 in this area

    52 Total Sales

    Amber Ranger
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409199

Bakersfield Association of REALTORS® / GEMLS

APN: 007-332-06-00-7

California Kern County Bakersfield 93304 Oleander-Sunset

507 Oleander Ave, Bakersfield, CA

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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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