B
Seller's Agent in 2023
Bill Sidhu
Heritage Professional Management & Realty
(949) 290-3675
5 in this area
5 Total Sales
600 Hosking Ave Unit 62 Bakersfield, CA 93307
Berkshire Farm NeighborhoodEstimated Value: $889,000 - $1,059,000
5
Beds
4
Baths
4,590
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Spa
- 4 Detached Carport Spaces
- Forced Air Heating and Cooling System
- Laundry Room
About This Home
As of October 2023Ideal for absentee owners!!! Beautiful Fourplex (4 units). Built in 2007, just 16 years old and maintained with pride of ownership. Gated community of individual 4-unit buildings, with beautiful amenities including pools/spa, gym, clubhouse, multiple parks, and more. Walking distance to multiple K-12 schools, easy freeway access, and minutes to existing shopping/retail/restaurants. Exciting new commercial developments and shopping centers approved by the City just down the street from the property, and are forecasted to bring hundreds of construction jobs and more restaurants/retail amenities to this growing neighborhood. Turnkey, well-maintained, and ideal for absentee owners! Property flyer, video tour link, and more information are available via email, please email broker below. Broker is a related party to Seller.
Last Agent to Sell the Property
Heritage Professional Management & Realty License #01272657 Listed on: 08/26/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,932
Year Built
- Built in 2007
Lot Details
- 5,227 Sq Ft Lot
- No Common Walls
- Density is 16-20 Units/Acre
Home Design
- Quadruplex
- Planned Development
Interior Spaces
- 4,590 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 4 Open Parking Spaces
- 8 Parking Spaces
- 4 Detached Carport Spaces
- Parking Available
Pool
- Spa
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Tax Lot 27
- Tax Tract Number 6477
- Assessor Parcel Number 51647036002
- $11,771 per year additional tax assessments
Community Details
Overview
- Property has a Home Owners Association
- 4 Units
Recreation
- Community Pool
- Community Spa
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Insurance Expense $1,244
- Operating Expense $30,295
- Gross Income $80,725
- Net Operating Income $50,428
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2023
Closed on
Oct 12, 2023
Sold by
Luxury Apartments At Hosking Llc
Bought by
Nemani Family Trust and Nemani
Seller's Agent
Bill Sidhu
Heritage Professional Management & Realty
Buyer's Agent
Ashok Patil
Blue Lotus Realty
List Price
$847,000
Sold Price
$847,000
Views
92
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,587
Avg. Annual Appreciation
6.15%
Original Mortgage
$635,250
Outstanding Balance
$624,042
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$325,219
Purchase Details
Closed on
Sep 9, 2014
Sold by
Hosking Avenue Bakersfield Apartments Ll
Bought by
Luxury Apartments At Hosking Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nemani Family Trust | $847,000 | First American Title | |
| Luxury Apartments At Hosking Llc | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nemani Family Trust | $635,250 | |
| Previous Owner | Hosking Ave Bakersfield Apartments Llc | $15,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/12/2023 10/12/23 | Sold | $847,000 | 0.0% | $185 / Sq Ft |
| 09/07/2023 09/07/23 | Pending | -- | -- | -- |
| 08/26/2023 08/26/23 | For Sale | $847,000 | -- | $185 / Sq Ft |
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 | $13,932 | $863,940 | $51,000 | $812,940 |
| 2024 | $11,719 | $847,000 | $50,000 | $797,000 |
| 2023 | $11,719 | $667,933 | $36,682 | $631,251 |
| 2022 | $11,709 | $654,837 | $35,963 | $618,874 |
| 2021 | $9,483 | $510,000 | $102,000 | $408,000 |
| 2020 | $9,432 | $510,000 | $102,000 | $408,000 |
| 2019 | $8,874 | $465,000 | $93,000 | $372,000 |
| 2018 | $8,666 | $465,000 | $93,000 | $372,000 |
| 2017 | $8,506 | $452,000 | $90,000 | $362,000 |
| 2016 | $8,106 | $443,000 | $88,600 | $354,400 |
| 2015 | $8,074 | $443,000 | $66,000 | $377,000 |
| 2014 | $7,610 | $403,000 | $50,000 | $353,000 |
Source: Public Records
Agents Affiliated with this Home
-
Bill Sidhu
-
Ashok Patil
Buyer's Agent in 2023
Ashok Patil
Blue Lotus Realty
(909) 313-2970
1 in this area
46 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW23160145
APN: 516-470-36-00-2
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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