NOT LISTED FOR SALE

513 Lincoln Ave Bakersfield, CA 93308

Estimated Value: $354,388 - $382,000

6 Beds
3 Baths
2,340 Sq Ft
$157/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $225,000 $96 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,199/month

14 Days on Market

About This Home

As of November 2019

Three cash flowing units at a great price! Located in Oildale near the new Amazon Distribution center and newly developing Industrial Business Parks. This location is getting more desirable by the day. All units rented between $675 - $725/month. Room for rent increases. All units are 2/1. Each unit has laundry hookups and individual patios. 2 of the 3 leases are month to month.

Last Agent to Sell the Property

Sanjeev Advani

Sanjeev Advani, Broker License #01869863 Listed on: 09/18/2019

Last Buyer's Agent

Sanjeev Advani

Sanjeev Advani, Broker License #01869863 Listed on: 09/18/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,887 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,340 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 11309406

Community Details

Overview

  • 3 Units
  • Homecrest Subdivision

Building Details

  • Gross Income $26,100
  • Net Operating Income $20,880

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1980
  • Building Stories: 1
  • Property Sub Type: 3 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2340.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 6887.00
  • Parcel #: 11309406

Multi Family

  • Total Annual Expense: 3915.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 3
  • Annual Gross Income: 26100.00
  • Property Net Operating Income: 20880.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2019
Closed on
Oct 29, 2019
Sold by
Ortiz Ramon Olmos
Bought by
Renganathan Sri M and Tripuraneni Vinaya L
Seller's Agent
Sanjeev Advani
Sanjeev Advani, Broker
Buyer's Agent
Sanjeev Advani
Sanjeev Advani, Broker
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Current Estimated Value
$330,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,920
Avg. Annual Appreciation
8.28%

Purchase Details

Listed on
Dec 26, 2017
Closed on
Feb 9, 2018
Sold by
Yanez Olmos Brenda
Bought by
Ortiz Ramon Olmos
Seller's Agent
Paul Shusterman
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$200,000
Sold Price
$197,000
Premium/Discount to List
-$3,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$14,750
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 26, 2017
Closed on
Feb 6, 2018
Sold by
Jweish Community Foundation Of Jweish Fe
Bought by
Ortiz Ramon Omos
Seller's Agent
Paul Shusterman
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$200,000
Sold Price
$197,000
Premium/Discount to List
-$3,000
-1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,750
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2016
Sold by
Pacific West Management
Bought by
Jewish Community Foundation Of The Jewis

Purchase Details

Closed on
Nov 24, 2014
Sold by
Latham Ridge Llc
Bought by
Pacific West Management

Purchase Details

Listed on
Jul 8, 2014
Closed on
Aug 16, 2014
Sold by
Calderon Marvin O
Bought by
Latham Ridge Llc
Seller's Agent
Jerry Morales
Keller Williams Silicon Beach
Buyer's Agent
Jerry Morales
Keller Williams Silicon Beach
List Price
$1,600,000
Sold Price
$140,000
Premium/Discount to List
-$1,460,000
-91.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.88%

Purchase Details

Listed on
Jan 21, 2012
Closed on
Nov 26, 2012
Sold by
Warren Bruce J
Bought by
Calderon Marvin O
Seller's Agent
Bruce Warren
Best Realty
Buyer's Agent
Guillermo Serafin
Serve First Realty
List Price
$150,000
Sold Price
$130,000
Premium/Discount to List
-$20,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.62%
Original Mortgage
$127,645
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 28, 2005
Sold by
Warren Bruce J
Bought by
Romero Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
5.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 19, 2002
Sold by
Warren Bruce J
Bought by
Warren Bruce J and The Bruce J Warren 2002 Revocable Trust

Purchase Details

Closed on
Feb 5, 2002
Sold by
Washington Mutual Bank Fa
Bought by
Warren Bruce J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
7.12%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 16, 2001
Sold by
Johnston George R and Johnston Ardith Gail
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
Oct 31, 2000
Sold by
Johnston Family Tr and George Rodney
Bought by
Hiler Danny Leon
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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Purchase History

Date Buyer Sale Price Title Company
Renganathan Sri M $225,000 Chicago Title Company
Ortiz Ramon Olmos -- Chicago Title Co
Ortiz Ramon Omos $197,000 Chicago Title Co
Jewish Community Foundation Of The Jewis -- Accommodation
Pacific West Management $3,926,000 None Available
Latham Ridge Llc $140,000 Ticor Title Company
Calderon Marvin O $130,000 Ticor Title Company Of Ca
Romero Oscar $272,000 Fidelity Title
Warren Bruce J -- --
Warren Bruce J $68,000 --
Washington Mutual Bank Fa $59,548 First American Title Ins Co
Hiler Danny Leon -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ortiz Ramon Olmos $14,750
Previous Owner Calderon Marvin O $127,645
Previous Owner Romero Oscar $229,500
Previous Owner Warren Bruce J $54,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2019 11/01/19 Sold $225,000 -2.2% $96 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/18/2019 09/18/19 For Sale $230,000 +16.8% $98 / Sq Ft
02/13/2018 02/13/18 Sold $197,000 -1.5% $84 / Sq Ft View Prior Sale
01/14/2018 01/14/18 Pending -- -- --
12/26/2017 12/26/17 For Sale $200,000 +42.9% $85 / Sq Ft
09/04/2014 09/04/14 Sold $140,000 -91.3% $60 / Sq Ft View Prior Sale
08/04/2014 08/04/14 Pending -- -- --
07/08/2014 07/08/14 For Sale $1,600,000 +1130.8% $684 / Sq Ft
01/14/2013 01/14/13 Sold $130,000 0.0% $56 / Sq Ft View Prior Sale
01/14/2013 01/14/13 Sold $130,000 -13.3% $56 / Sq Ft View Prior Sale
12/15/2012 12/15/12 Pending -- -- --
11/18/2012 11/18/12 Pending -- -- --
01/21/2012 01/21/12 For Sale $150,000 +15.4% $64 / Sq Ft
11/11/2011 11/11/11 For Sale $130,000 -- $56 / 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 $5,620 $246,066 $32,807 $213,259
2024 $5,620 $241,242 $32,164 $209,078
2023 $5,414 $236,513 $31,534 $204,979
2022 $5,111 $231,876 $30,916 $200,960
2021 $4,850 $227,330 $30,310 $197,020
2020 $4,628 $225,000 $30,000 $195,000
2019 $4,329 $204,958 $31,212 $173,746
2018 $3,718 $160,140 $45,900 $114,240
2017 $3,675 $157,000 $45,000 $112,000
2016 $3,275 $139,088 $35,533 $103,555
2015 $3,233 $137,000 $35,000 $102,000
2014 $3,128 $130,590 $30,136 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Sanjeev Advani

    Seller's Agent in 2019

    Sanjeev Advani

    Sanjeev Advani, Broker

    (661) 770-7382

    39 Total Sales

    Sanjeev Advani
    Section Image

  • P

    Seller's Agent in 2018

    Paul Shusterman

    Unknown Broker

  • N

    Buyer's Agent in 2018

    Non-Member Non-Member

    Non-Member Office

  • J

    Seller's Agent in 2014

    Jerry Morales

    Keller Williams Silicon Beach

    Section Image

  • B

    Seller's Agent in 2013

    Bruce Warren

    Best Realty

  • G

    Buyer's Agent in 2013

    Guillermo Serafin

    Serve First Realty

    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21911115

Bakersfield Association of REALTORS® / GEMLS

APN: 113-094-06-00-6

California Kern County Bakersfield 93308

513 Lincoln Ave, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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