NOT LISTED FOR SALE

Estimated Value: $655,272 - $769,000

-- Bed
-- Bath
4,525 Sq Ft
$159/Sq Ft Est. Value

Last Sold May 21, 2024

Last sale price $655,000 $145 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,636/month

4 Days on Market

About This Home

As of May 2024

5712 Stockdale Highway- This fourplex is in the heart of Southwest Bakersfield about a quarter mile west of the California Ave / Stockdale Hwy intersection. California Avenue is major office hub and located 2 miles from California State University Bakersfield. Built in 1969, this building consists of 2 2-bedroom / 1 bath units and 1 3-bedroom / 1.75 bath unit and a 1 bedroom / 1 bath unit. The property has a laundry room and covered parking. Three of the four units are currently being rehabilitated, so the financials are being projected.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 02/26/2024

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,562

Year Built

  • Built in 1969

Lot Details

  • 0.25

Parking

  • Carport

Home Design

  • Flat Roof Shape
  • Composition Roof

Interior Spaces

  • 4,525 Sq Ft Home
  • 2-Story Property

Schools

  • Van Horn Elementary School
  • Actis Middle School
  • Bakersfield High School

Additional Features

  • 0.25 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 33110031

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $60,453
  • Net Operating Income $37,639

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,562

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1969
  • Building Stories: 2
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.2500
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4525.00

Exterior Features

  • Roof: Composition, Flat
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heatcool: Central AC, Central Heat, Other

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Actis, O. J.

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 10890.00
  • Parcel #: 33110031

Multi Family

  • Total Annual Expense: 21000.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 60453.00
  • Property Net Operating Income: 37639.00

MLS Schools

  • Elementary School: Van Horn, Wayne

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2024
Closed on
Apr 1, 2024
Sold by
Edwards Investments Llc
Bought by
Garay Adan
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$685,000
Sold Price
$655,000
Premium/Discount to List
-$30,000
-4.38%
Views
14
Current Estimated Value
$719,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,818
Avg. Annual Appreciation
7.71%
Original Mortgage
$589,500
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2021
Sold by
Handen Tracy
Bought by
Edwards Invest Llc

Purchase Details

Closed on
Nov 8, 2010
Sold by
Williams Thomas J and Thomas Williams Living Trust
Bought by
Williams Thomas J and Handen Tracy

Purchase Details

Closed on
Feb 29, 2008
Sold by
Williams Thomas J
Bought by
Williams Thomas J and The Thomas Williams Living Tru
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
Garay Adan $655,000 Placer Title
Edwards Invest Llc $475,000 Placer Title Company
Williams Thomas J -- None Available
Williams Thomas J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garay Adan $589,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2024 05/21/24 Sold $655,000 -4.4% $145 / Sq Ft
03/01/2024 03/01/24 Pending -- -- --
02/26/2024 02/26/24 For Sale $685,000 -- $151 / 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 $8,562 $668,100 $168,300 $499,800
2024 $8,562 $504,073 $106,120 $397,953
2023 $8,417 $494,190 $104,040 $390,150
2022 $8,066 $484,500 $102,000 $382,500
2021 $4,763 $235,683 $28,147 $207,536
2020 $4,612 $233,267 $27,859 $205,408
2019 $4,548 $233,267 $27,859 $205,408
2018 $4,382 $224,211 $26,778 $197,433
2017 $4,318 $219,815 $26,253 $193,562
2016 $4,105 $215,506 $25,739 $189,767
2015 $4,055 $212,270 $25,353 $186,917
2014 $3,953 $208,113 $24,857 $183,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202401802

Bakersfield Association of REALTORS® / GEMLS

APN: 331-100-31-00-2