S
Landlord's Agent in 2016
Shawn Barton
Advanced Realty
518 Union Ave Bakersfield, CA 93307
Lakeview Neighborhood
13
Beds
18
Baths
5,114
Sq Ft
6,098
Sq Ft Lot
About This Home
As of April 2016GREAT investment opportunity! This property has been newly remodeled with new electrical wiring, new paint, and new tile flooring! The potential monthly income is at $9,300.00. 520 Union Ave includes the Church building with 4,000 sqft, 2 AC units, Men/Women's restrooms, and office with private bathroom. Three apartments up stairs including 1= 1bed 1bath with 900 sqft and 2=3bed 2ba with 1,500sqft. 518 Union Ave includes the restaurant with 2000 sqft, 4 studio apartments with 1000 sqft, 600 sqft, 700 sqft, and 500 sqft. There is also a detached duplex that includes 1=1bed 1bath with 600 sqft and 1 studio with 600 sqft. Church $3,000.00 month Restaurant $1,800.00 month Commercial Office $ 650.00 month commercial office $ 550.00 month A $650 B $600 C $850 D $850 E $750 F $750 G $550 Pro-forma rental income total $11,000.00 per month.
Last Agent to Rent the Property
Shawn Barton
Advanced Realty License #01878646 Listed on: 11/16/2015
Last Renter's Agent
Shawn Barton
Advanced Realty License #01878646 Listed on: 11/16/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,311
Year Built
- Built in 1946
Lot Details
- 6,098 Sq Ft Lot
Parking
- Parking Available
Home Design
- 5,114 Sq Ft Home
Bedrooms and Bathrooms
- 13 Bedrooms
Listing and Financial Details
- 12-Month Minimum Lease Term
- Assessor Parcel Number 1392510300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 31, 2019
Sold by
Hariri Taraneh
Bought by
Union 18 Llc
Purchase Details
Closed on
Sep 1, 2017
Sold by
Hariri Taraneh
Bought by
Hariri Taraneh and The Taraneh T Hariri Revocable Trust
Purchase Details
Closed on
Feb 8, 2017
Sold by
Hariri Parviz
Bought by
Hariri Taraneh
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.12%
Mortgage Type
Commercial
Purchase Details
Listed on
Nov 16, 2015
Closed on
Mar 17, 2016
Sold by
Morris Melvin
Bought by
Hariri Taraneh and Hariri Parviz
Seller's Agent
Shawn Barton
Advanced Realty
Buyer's Agent
Shawn Barton
Advanced Realty
Sold Price
$650,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.65%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Aug 10, 2012
Sold by
Broadway Federal Bank Fsb
Bought by
Morris Melvin
Purchase Details
Closed on
Jun 8, 2012
Sold by
Fruit Of The Vine Ministries
Bought by
Broadway Federal Bank Fsb
Purchase Details
Closed on
Aug 20, 2008
Sold by
Vinesman Ponderosa Charitable Remainder
Bought by
Fruit Of The Vine Ministries
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.37%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 6, 2006
Sold by
Gary Gibson Lillie Mae
Bought by
The Vinesman Ponderosa Charitable Remain
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.46%
Mortgage Type
Commercial
Purchase Details
Closed on
May 29, 2002
Sold by
Gibson Lillie Mae Gary
Bought by
Vinesman Ponderosa Charitable Remainder
Purchase Details
Closed on
May 7, 2001
Sold by
Gibson John Lincoln
Bought by
Gary Gibson Lillie Mae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.06%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 16, 2001
Sold by
Nicholson Daryl C and Nicholson Victoria M
Bought by
Gary Gibson Lillie Mae
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.06%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 4, 1996
Sold by
Rogers Herman and Rogers Constance J
Bought by
Twyman Fred and Lee James N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.25%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Union 18 Llc | -- | None Available | |
| Hariri Taraneh | -- | None Available | |
| Hariri Taraneh | -- | Chicago Title Company | |
| Hariri Taraneh | $650,000 | Chicago Title Company | |
| Morris Melvin | $275,000 | Lawyers Title | |
| Broadway Federal Bank Fsb | $398,914 | Pacific Coast Title | |
| Fruit Of The Vine Ministries | -- | Fidelity National Title | |
| The Vinesman Ponderosa Charitable Remain | -- | None Available | |
| Gibson Lillie M | -- | Orange Coast Title Company | |
| Vinesman Ponderosa Charitable Remainder | -- | -- | |
| Gary Gibson Lillie Mae | -- | Fidelity National Title Co | |
| Gary Gibson Lillie Mae | $139,500 | Fidelity National Title Co | |
| Twyman Fred | $126,000 | First American Title Ins Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Union 18 Llc | $605,000 | |
| Previous Owner | Hariri Taraneh | $450,000 | |
| Previous Owner | Hariri Taraneh | $450,000 | |
| Previous Owner | Fruit Of The Vine Ministries | $700,000 | |
| Previous Owner | Gibson Lillie M | $350,000 | |
| Previous Owner | Gary Gibson Lillie Mae | $139,500 | |
| Previous Owner | Twyman Fred | $126,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2016 04/01/16 | Rented | $650,000 | 0.0% | -- |
| 02/26/2016 02/26/16 | Under Contract | -- | -- | -- |
| 11/16/2015 11/16/15 | For Rent | $650,000 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $5,311 | $417,872 | $40,245 | $377,627 |
| 2024 | $5,311 | $409,679 | $39,456 | $370,223 |
| 2023 | $5,211 | $401,647 | $38,683 | $362,964 |
| 2022 | $5,124 | $393,773 | $37,925 | $355,848 |
| 2021 | $5,177 | $386,053 | $37,182 | $348,871 |
| 2020 | $5,063 | $382,095 | $36,801 | $345,294 |
| 2019 | $4,970 | $382,095 | $36,801 | $345,294 |
| 2018 | $4,856 | $367,260 | $35,373 | $331,887 |
| 2017 | $4,755 | $353,000 | $34,000 | $319,000 |
| 2016 | $2,250 | $161,234 | $31,726 | $129,508 |
| 2015 | $2,239 | $158,813 | $31,250 | $127,563 |
| 2014 | $2,170 | $155,703 | $30,638 | $125,065 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI1063251
APN: 139-251-03-00-0
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