NOT LISTED FOR SALE

516 W Valley Blvd Tehachapi, CA 93561

-- Bed
-- Bath
6,320 Sq Ft
14,810 Sq Ft

Last Sold March 31, 2022

Last sale price $965,000 $153 Per Sq Ft

181 Days on Market

About This Home

As of March 2022

CVPA is proud to announce for sale this exquisite eight (8) unit multi-family property located in the heart of Tehachapi Ca. Featuring eight (8) two, (2) bedroom, one (1) bathroom units. There are individual garages for the tenants for convenient parking or storage space. The offering is fully occupied with zero balances due from tenants that are not paying rent. This property is located within the vicinity of national eateries and is perfect for any savvy investor looking for excellent cashflow in a steady rental market!!

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 09/01/2021

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 0.34 Acre Lot

Interior Spaces

  • 6,320 Sq Ft Home
  • 2-Story Property

Schools

  • Tompkins Elementary School
  • Jacobsen Middle School
  • Tehachapi High School

Listing and Financial Details

  • Assessor Parcel Number 41641409

Community Details

Overview

  • 8 Units

Building Details

  • Gross Income $84,000
  • Net Operating Income $54,857

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0.34 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1987
  • Building Stories: 2
  • Property Sub Type: 5 - 10 Units
  • Co List Office Mls Id: 11174
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 6320.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

  • High School: Tehachapi
  • Middle Or Junior School: Jacobsen

Lot Info

  • Lot Size Sq Ft: 14810.00
  • Parcel #: 41641409

Multi Family

  • Total Annual Expense: 29144.00
  • Vacancy Factor: 0.10
  • Number Of Units Total: 8
  • Annual Gross Income: 84000.00
  • Property Net Operating Income: 54857.00

MLS Schools

  • Elementary School: Tompkins
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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
03/31/2022 03/31/22 Sold $965,000 -1.0% $153 / Sq Ft
03/01/2022 03/01/22 Pending -- -- --
09/01/2021 09/01/21 For Sale $975,000 -- $154 / 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 $12,815 $1,024,065 $63,672 $960,393
2024 $12,815 $1,003,986 $62,424 $941,562
2023 $12,350 $984,300 $61,200 $923,100
2022 $4,732 $320,023 $83,515 $236,508
2021 $4,406 $313,749 $81,878 $231,871
2020 $4,406 $310,533 $81,039 $229,494
2019 $4,304 $310,533 $81,039 $229,494
2018 $4,168 $298,477 $77,893 $220,584
2017 $4,163 $292,625 $76,366 $216,259
2016 $4,063 $286,888 $74,869 $212,019
2015 $3,886 $282,580 $73,745 $208,835
2014 $3,849 $277,046 $72,301 $204,745
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202109538

Bakersfield Association of REALTORS® / GEMLS
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