NOT LISTED FOR SALE

602 Washington Ave Bakersfield, CA 93308

Estimated Value: $432,112 - $599,000

8 Beds
6 Baths
3,400 Sq Ft
$142/Sq Ft Est. Value

Last Sold December 20, 2017

Last sale price $235,000 $69 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,088/month

13 Days on Market

About This Home

As of December 2017

Wow!! Talk about a great Investment and ROI! Hurry this one won't last! This 4 unit townhouse style units have 2 bed 1.5 Bath each! is perfect for a owner occupied who can live for free! or for an investor for a great positive cash flow! The opportunity to invest in your future is now...The units rent for about $700 each! So Hurry!! and jump on this great deal!

Last Agent to Sell the Property

Ramon Rascon

RE/MAX One License #01157350 Listed on: 11/24/2017

RE/MAX One

Last Buyer's Agent

Ramon Rascon

RE/MAX One License #01157350 Listed on: 11/24/2017

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1981

Lot Details

  • 6,121 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Suburban Location

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 9
  • Assessor Parcel Number 1130831500

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • New Taxes Expense $3,000
  • Gross Income $2,800
  • Net Operating Income $1,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Zoning: R-3
  • Property Type: Residential Income
  • Parcel Number: 1130831500
  • Year Built: 1981
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 69.12

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6121.00

Multi Family

  • Gross Income: 2800.00
  • Gross Scheduled Income: 2800.00
  • Net Operating Income: 1500.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 700.00
  • Rent Control: Yes

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Census Tract: 2.00
  • Tax Lot: 23
  • Tax Tract Number: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2021
Sold by
Walker Eric
Bought by
Irc Group Llc
Current Estimated Value
$484,278

Purchase Details

Closed on
Jan 26, 2021
Sold by
Croft Stephanie
Bought by
Walker Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2018
Sold by
Walker Eric
Bought by
Walker Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,200
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 24, 2017
Closed on
Dec 7, 2017
Sold by
Ramirez Emilia M
Bought by
Walker Eric
Seller's Agent
Ramon Rascon
RE/MAX One
Buyer's Agent
Ramon Rascon
RE/MAX One
List Price
$240,000
Sold Price
$235,000
Premium/Discount to List
-$5,000
-2.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.40%

Purchase Details

Closed on
Feb 26, 2017
Sold by
Camacho Miguel A
Bought by
Ramirez Emilia M

Purchase Details

Closed on
Nov 2, 2004
Sold by
Pifer Pete J and Pifer Lucinda D
Bought by
Ramirez Emilia M and Camacho Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2001
Sold by
Edmiaston Mayrene H and The Mayrene H Edmiaston Revoca
Bought by
Pifer Pete J and Pifer Lucinda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.21%

Purchase Details

Closed on
May 9, 2000
Sold by
Edmiaston Mayrene
Bought by
Edmiaston Mayrene H and Mayrene H Edmiaston Revocable

Purchase Details

Closed on
Jun 21, 1999
Sold by
Bilyeu Robert F and Bilyeu Ruth Annette
Bought by
Bonner David B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
7.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 9, 1994
Sold by
Geer John H and Geer Helen
Bought by
Edmiaston Mayrene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
8.53%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Irc Group Llc -- None Available
Walker Eric -- First Integrity Title Co
Walker Eric -- Stewart Title
Walker Eric $240,000 Pacific Coast Title
Ramirez Emilia M $80,000 None Available
Ramirez Emilia M $320,000 Stewart Title
Pifer Pete J $110,000 Stewart Title
Edmiaston Mayrene H -- --
Bonner David B $235,000 First American Title Co
Edmiaston Mayrene $95,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walker Eric $283,500
Previous Owner Walker Eric $186,200
Previous Owner Ramirez Emilia M $256,000
Previous Owner Pifer Pete J $99,000
Previous Owner Bonner David B $215,000
Previous Owner Edmiaston Mayrene $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2017 12/20/17 Sold $235,000 -2.1% $69 / Sq Ft
12/07/2017 12/07/17 Pending -- -- --
11/24/2017 11/24/17 For Sale $240,000 -- $71 / 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 $6,670 $262,143 $55,774 $206,369
2024 $6,670 $257,004 $54,681 $202,323
2023 $6,417 $251,965 $53,609 $198,356
2022 $6,018 $381,480 $76,500 $304,980
2021 $5,671 $242,182 $51,528 $190,654
2020 $5,394 $239,700 $51,000 $188,700
2019 $5,327 $239,700 $51,000 $188,700
2018 $5,181 $235,000 $50,000 $185,000
2017 $5,494 $260,000 $52,000 $208,000
2016 $5,181 $260,000 $52,000 $208,000
2015 $4,521 $204,000 $31,000 $173,000
2014 $3,821 $146,000 $37,000 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR17263455

California Regional Multiple Listing Service (CRMLS)

APN: 113-083-15-00-2