NOT LISTED FOR SALE

520 Olive St Bakersfield, CA 93304

Oleander-Sunset Neighborhood

Estimated Value: $590,000 - $796,000

3 Beds
2 Baths
4,238 Sq Ft
$162/Sq Ft Est. Value

Last Sold January 20, 2015

Last sale price $340,000 $80 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $4,124/month

32 Days on Market

About This Home

As of January 2015

Nice 4-Plex building modern-built in 1983, and now features brand new roof and exterior paint! Looks great! Each unit is 3 bedrooms and 2 bathrooms with over 1050 SF. Long-time owner has kept these units rented unusually low due to being out of the area and not wanting any turnover. Current rents are in the $650-700 range, but market rents for 3/2 units like these are easily in the $850-900 Range. Due to area desirability, you will always have a good quality pool of tenants in line. This area is known as the Sunset Oleander Area and is in fairly high demand by those tenants seeking a central location with Tree-lined Streets close to Downtown amenities. Shopping, schools and parks are all within walking distance.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 11/19/2014

Keller Williams Realty

Last Buyer's Agent

Nik Boone

Ascend Real Estate and Propert License #01892266

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 7,580 Sq Ft Lot

Interior Spaces

  • 4,238 Sq Ft Home
  • 2-Story Property

Parking

  • Carport
  • 6 Car Parking Spaces
  • Uncovered Parking

Schools

  • Penn Elementary School
  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00739103

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $32,700
  • Net Operating Income $18,683

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

7,580 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1983
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4238.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 6.00
  • Parking Features: Carport, Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 7580.00
  • Parcel #: 00739103

Multi Family

  • Total Annual Expense: 11882.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 32700.00
  • Property Net Operating Income: 18683.00

MLS Schools

  • Elementary School: Penn, William

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 22, 2015
Sold by
Tepman Ernest
Bought by
Handel Avenue Llc
Current Estimated Value
$686,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Outstanding Balance
$182,950
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$503,369

Purchase Details

Closed on
Apr 3, 2015
Sold by
Tepman Victoriya
Bought by
Tepman Ernest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Outstanding Balance
$182,950
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$503,369

Purchase Details

Listed on
Nov 19, 2014
Closed on
Jan 6, 2015
Sold by
Garthwaite Family Trust
Bought by
Tepman Ernest and Tepman Victoriya
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Nik Boone
Ascend Real Estate and Propert
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$238,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2008
Sold by
Wagner Steven A and Wagner Earlene M
Bought by
Garthwaite Robin and Garthwaite Charlene H

Purchase Details

Closed on
Apr 10, 2008
Sold by
Garthwaite Robin and Garthwaite Charlene H
Bought by
Garthwaite Robin and Garthwaite Charlene H

Purchase Details

Closed on
Feb 28, 1994
Sold by
Garthwaite Robin and Garthwaite Charlene H
Bought by
Garthwaite Robin and Garthwaite Charlene H
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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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
Handel Avenue Llc -- None Available
Tepman Ernest -- Western Resources Title Co
Tepman Ernest $340,000 Chicago Title Company
Garthwaite Robin $121,000 None Available
Garthwaite Robin -- None Available
Garthwaite Robin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tepman Ernest $238,000
Previous Owner Tepman Ernest $238,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2015 01/20/15 Sold $340,000 -5.6% $80 / Sq Ft
12/21/2014 12/21/14 Pending -- -- --
11/19/2014 11/19/14 For Sale $360,000 -- $85 / 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 $7,185 $408,619 $42,059 $366,560
2024 $7,018 $400,608 $41,235 $359,373
2023 $7,018 $392,754 $40,427 $352,327
2022 $6,824 $385,054 $39,635 $345,419
2021 $6,432 $377,505 $38,858 $338,647
2020 $6,295 $373,635 $38,460 $335,175
2019 $6,173 $373,635 $38,460 $335,175
2018 $6,037 $359,127 $36,967 $322,160
2017 $5,998 $352,087 $36,243 $315,844
2016 $5,546 $345,184 $35,533 $309,651
2015 $3,714 $182,000 $30,000 $152,000
2014 -- $182,000 $30,000 $152,000
Source: Public Records

Agents Affiliated with this Home

  • Philip Jordan

    Seller's Agent in 2015

    Philip Jordan

    Keller Williams Realty

    (805) 453-8353

    17 in this area

    132 Total Sales

    Philip Jordan
    Section Image
  • Nik Boone

    Buyer's Agent in 2015

    Nik Boone

    Ascend Real Estate and Propert

    (661) 554-4531

    106 Total Sales

    Nik Boone
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21412340

Bakersfield Association of REALTORS® / GEMLS

APN: 007-391-03-00-9

California Kern County Bakersfield 93304 Oleander-Sunset

520 Olive St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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.

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