NOT LISTED FOR SALE

514 Lucard St Taft, CA 93268

Estimated Value: $163,000 - $217,595

3 Beds
3 Baths
1,132 Sq Ft
$159/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $130,000 $115 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,186/month

About This Home

As of November 2021

Your New Investment Property! Value add 2 homes 1 lot. This property features a large 2 bed 1.5 bath front house and 1 bed 1 bath rear unit. Both units need rehab. After rehab this project has the potential to bring a very solid cash on cash return with excess equity in the property as well. This property is centrally located just blocks from an abundance of amenities, for example: Black Gold Brewing Company, many other local restaurants, gas stations, schools, parks, banks, etc. Come invest in Taft! This town may have started as an oil town, but in todays environment, many people are being priced out of the larger Bakersfield to the North. Located only around 30 minutes from Bakersfield, Taft makes a great short commute to work if need be. Not to mention the many different places to work in the growing Taft community as well. Call or Text today for more information!

Last Agent to Sell the Property

Sanjeev Advani

Sanjeev Advani, Broker License #01869863 Listed on: 08/23/2021

Last Buyer's Agent

Miguel A. Hernandez

Diamond Realty Group License #01904653

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,892

Year Built

  • Built in 1963

Lot Details

  • 4,850 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 1,132 Sq Ft Home
  • 1-Story Property

Schools

  • Taft Elementary School
  • Lincoln Middle School
  • Taft High School

Listing and Financial Details

  • Assessor Parcel Number 03127032

Community Details

Overview

  • 2 Units
  • Southern Pacific La Subdivision

Building Details

  • Gross Income $18,600
  • Net Operating Income $13,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,892

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1963
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1132.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered, Other

Utilities

  • Heatcool: Other

Schools

  • High School: Taft
  • Middle Or Junior School: Lincoln

Lot Info

  • Lot Size Sq Ft: 4850.00
  • Parcel #: 03127032

Multi Family

  • Total Annual Expense: 4650.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 18600.00
  • Property Net Operating Income: 13950.00

MLS Schools

  • Elementary School: Taft

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2025
Sold by
Lopez Cruz Faustino
Bought by
Lopez Erica Gonzalez
Current Estimated Value
$180,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Outstanding Balance
$79,931
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$100,218

Purchase Details

Listed on
Aug 23, 2021
Closed on
Nov 9, 2021
Sold by
Williams Scott G and Williams Alexsandra E
Bought by
Cruz Faustino Lopez and Lopez Erica Gonzalez
Seller's Agent
Sanjeev Advani
Sanjeev Advani, Broker
Buyer's Agent
Miguel A. Hernandez
Diamond Realty Group
List Price
$135,900
Sold Price
$130,000
Premium/Discount to List
-$5,900
-4.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%
Original Mortgage
$80,000
Interest Rate
3.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2015
Sold by
Sutt Gerald Dean Sutton and Sutt Wanda Margaret
Bought by
Williams Family Trust
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
Lopez Erica Gonzalez $40,000 Ticor Title Company
Cruz Faustino Lopez $130,000 Placer Title Company
Williams Family Trust $70,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Erica Gonzalez $80,000
Previous Owner Cruz Faustino Lopez $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2021 11/16/21 Sold $130,000 -4.3% $115 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $135,900 -- $120 / 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 $2,892 $137,956 $21,224 $116,732
2024 $2,892 $135,252 $20,808 $114,444
2023 $2,687 $132,600 $20,400 $112,200
2022 $2,549 $130,000 $20,000 $110,000
2021 $2,444 $127,953 $21,872 $106,081
2020 $2,444 $126,642 $21,648 $104,994
2019 $2,179 $126,642 $21,648 $104,994
2018 $2,143 $121,726 $20,808 $100,918
2017 $2,087 $119,340 $20,400 $98,940
2016 $2,139 $117,000 $20,000 $97,000
2015 $1,034 $32,997 $3,978 $29,019
2014 -- $32,352 $3,901 $28,451
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202109196

Bakersfield Association of REALTORS® / GEMLS

APN: 031-270-32-00-8