Seller's Agent in 2022
Pete Peralta
Miramar Realty
(661) 805-1053
6 in this area
117 Total Sales
--
Bed
--
Bath
4,831
Sq Ft
0.32
Acre Lot
About This Home
As of September 2022Pride of ownership is shown with this 7 unit apartment complex. Each unit is 1 bed 1 bath with a beautiful and gated central courtyard and each unit has its own designated garage for parking. There is huge upside potential. The property has been professionally managed, all tenants have been throughly pre-screened for qualification prior to occupancy. Just recently, the newest tenant moved in and is paying $1195 per month. The pro forma monthly rental income is $8,365 p/m and $100,380 p/y. Property is in great condition and does not require any immediate repairs.The current location is appealing to local business professionals who work in the Downtown Bakersfield area including attorneys, paralegals and court clerks, within walking distance to the bus station, local businesses, and Bakersfield High School.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1935
Lot Details
- 13,939 Sq Ft Lot
Interior Spaces
- 4,831 Sq Ft Home
- 2-Story Property
Schools
- Roosevelt Bak Elementary School
- Emerson Middle School
- Bakersfield High School
Listing and Financial Details
- Assessor Parcel Number 00929102
Community Details
Overview
- 7 Units
- Lowell Addition Subdivision
Building Details
- Gross Income $100,380
- Net Operating Income $70,266
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 22, 2022
Sold by
Bought by
Purchase Details
Closed on
Jun 8, 2022
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,000
Interest Rate
0.0522%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 10, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
0.039%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 19, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
0.039%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 19, 2018
Closed on
Apr 30, 2018
Sold by
Bought by
Seller's Agent
Jon Busby
Team Busby Real Estate - Cal C
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$425,000
Sold Price
$406,535
Premium/Discount to List
-$18,465
-4.34%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,248
Interest Rate
0.0444%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 7, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,248
Interest Rate
0.0444%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 4, 2003
Sold by
Bought by
Purchase Details
Closed on
Feb 3, 1996
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | Stewart Title Guaranty Company | ||
| $900,000 | Stewart Title | ||
| -- | Stewart Title | ||
| -- | Chicago Title Bakersfield | ||
| $535,000 | Chicago Title Bakersfield | ||
| -- | Placer Title Co | ||
| $407,000 | Placer Title Co | ||
| -- | None Available | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $535,000 | ||
| Previous Owner | $360,000 | ||
| Previous Owner | $264,248 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/27/2022 09/27/22 | Sold | $900,000 | -4.3% | $186 / Sq Ft | |
| 08/28/2022 08/28/22 | Pending | -- | -- | -- | |
| 02/25/2022 02/25/22 | For Sale | $940,000 | +131.2% | $195 / Sq Ft | |
| 05/09/2018 05/09/18 | Sold | $406,535 | -4.3% | $84 / Sq Ft | View Prior Sale |
| 04/09/2018 04/09/18 | Pending | -- | -- | -- | |
| 01/19/2018 01/19/18 | For Sale | $425,000 | -- | $88 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $13,236 | $936,360 | $202,878 | $733,482 |
| 2024 | $13,066 | $918,000 | $198,900 | $719,100 |
| 2023 | $12,787 | $900,000 | $195,000 | $705,000 |
| 2022 | $8,598 | $551,352 | $51,528 | $499,824 |
| 2021 | $8,194 | $540,542 | $50,518 | $490,024 |
| 2020 | $8,058 | $535,000 | $50,000 | $485,000 |
| 2019 | $6,607 | $423,442 | $41,616 | $381,826 |
| 2018 | $5,115 | $293,265 | $57,717 | $235,548 |
| 2017 | $5,104 | $287,516 | $56,586 | $230,930 |
| 2016 | $4,747 | $281,879 | $55,477 | $226,402 |
| 2015 | $4,063 | $220,000 | $40,000 | $180,000 |
| 2014 | $4,001 | $220,000 | $40,000 | $180,000 |
Source: Public Records
Agents Affiliated with this Home
-
Pete Peralta
-
Susan Blanza
Buyer's Agent in 2022
Susan Blanza
Watson Realty
(661) 387-5835
2 in this area
86 Total Sales
-
Jon Busby
Seller's Agent in 2018
Jon Busby
Team Busby Real Estate - Cal C
(661) 301-0584
17 in this area
587 Total Sales
-
N
Buyer's Agent in 2018
Non-Member Non-Member
Non-Member Office
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202201963
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.
Information is deemed reliable but not guaranteed.
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