NOT LISTED FOR SALE

5920 Stockdale Hwy Unit 1 Bakersfield, CA 93309

Quailwood Neighborhood

Estimated Value: $317,000 - $402,000

2 Beds
3 Baths
16,120 Sq Ft
$23/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $1,720,000 $107 Per Sq Ft

Current estimated payment $2,229/month

140 Days on Market

Highlights

  • 0.58 Acre Lot
  • Laundry Room
  • 4-minute walk to Harrington Park

About This Home

As of May 2019

Morgan Skenderian is pleased to offer, The Park Stockdale Townhomes, an exclusive investment opportunity comprised of all townhome style units centrally located in Bakersfield. This investment opportunity features (11) exceptionally large two-story townhomes, each with two bedrooms/two and half bathrooms with a dual master bedroom layout and double-car direct access garages. Park Stockdale Townhomes feature large private patios, central A/C, fireplaces and washer/dryer hookups. Two units have been recently beautifully upgraded with new paint and flooring. This is ideal location is located near major retail shopping, a sought-after residential neighborhood and only a few miles from California State University, Bakersfield. This opportunity features upside in rents, or a new investor could establish an condo HOA and sell off each unit individually for further profit. *11 Individual Condominiums with Separate Parcel Numbers, *Exceptionally Large (1,465 Sq.Ft.) 2BR/2.5BA Townhome Style Units with Dual Master Bedrooms, *Double-Car Direct Access Garages, *Vaulted Ceilings with Fireplaces, *Large Private Patios & Central A/C, * Beautiful Upgraded Interiors with New Flooring & Paint, *Ideal Location Near Major Retail Centers, Sought-After Residential Neighborhood & Cal State Bakersfield

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 11/13/2018

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 11/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,476

Year Built

  • Built in 1983

Lot Details

  • 0.58 Acre Lot
  • No Common Walls
  • Density is 11-15 Units/Acre
  • 331-290-02, 331-290-03, 331-290-04, 331-290-05, 331-290-06, 331-290-07, 331-290-08, 331-290-09, 331-290-10, 331-290-11

Parking

  • 22 Car Garage

Interior Spaces

  • 16,120 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Listing and Financial Details

  • Tax Lot 47
  • Tax Tract Number 2879
  • Assessor Parcel Number 3312900100

Community Details

Overview

  • 3 Buildings
  • 11 Units

Building Details

  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 11 Separate Water Meters
  • Gardener Expense $2,400
  • Insurance Expense $6,917
  • Maintenance Expense $8,244
  • Other Expense $3,337
  • Pest Control $670
  • New Taxes Expense $20,528
  • Operating Expense $42,596
  • Gross Income $133,278
  • Net Operating Income $90,683

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,476

Year Built

Built in 1983

Lot Details

0

Parking

22

Listing Details

  • CapRate: 5.10
  • Other Phone Description: Office Phone
  • Other Phone Number: 949251-8800
  • Property Attached: No
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 3312900100
  • Year Built: 1983
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 106.70

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 22.00
  • Total Parking Spaces: 22.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 670.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 331-290-02, 331-290-03, 331-290-04, 331-290-05, 331-290-06, 331-290-07, 331-290-08, 331-290-09, 331-290-10, 331-290-11
  • Land Lease: No
  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 25380.00
  • Lot Size Acres: 0.5826

Multi Family

  • Gross Multiplier: 12.99
  • Gross Operating Income: 133278.00
  • Gross Scheduled Income: 137400.00
  • Insurance Expense: 6917.00
  • Lot Size Area: 25380.0000 Square Feet
  • Maintenance Expense: 8244.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 90683.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 11
  • Operating Expense: 42596.00
  • Operating Expense Percent: 31.00
  • Other Expense: 3337.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 42596.00
  • Vacancy Allowance: 4112
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 20528.00
  • Tax Census Tract: 18.02
  • Tax Lot: 47
  • Tax Tract Number: 2879

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Stockdale Vista Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2019 05/16/19 Sold $1,720,000 -3.6% $107 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
11/13/2018 11/13/18 For Sale $1,785,000 -- $111 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $2,476 $178,479 $33,464 $145,015
2024 $2,440 $174,980 $32,808 $142,172
2023 $2,440 $171,550 $32,165 $139,385
2022 $2,345 $168,187 $31,535 $136,652
2021 $2,265 $164,890 $30,917 $133,973
2020 $2,227 $163,200 $30,600 $132,600
2019 $2,769 $168,300 $30,600 $137,700
2018 $2,125 $160,000 $30,000 $130,000
2017 $2,051 $153,000 $20,000 $133,000
2016 $2,036 $161,000 $20,000 $141,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18272628

California Regional Multiple Listing Service (CRMLS)

APN: 331-290-01-00-1