NOT LISTED FOR SALE

Estimated Value: $754,843 - $870,000

8 Beds
5 Baths
4,548 Sq Ft
$176/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $450,000 $99 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,042/month

25 Days on Market

About This Home

As of September 2018

This fourplex property offers a rare unit mix of one, two and three bedroom units in the desirable Stockdale Hwy/California Ave Office Corridor--a highly visible location that provides plenty of opportunity to capture new residents. Rent upside potential as well. The large, 3-bedroom front unit includes a fireplace, while all tenants enjoy carports and uncovered parking, coin operated laundry service and a small yard.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 08/13/2018

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 08/13/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,418

Year Built

  • Built in 1966

Lot Details

  • 10,577 Sq Ft Lot

Interior Spaces

  • 4,548 Sq Ft Home
  • 2-Story Property

Parking

  • Carport
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 33109015

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $37,140
  • Net Operating Income $21,283

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,418

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1966
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4548.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport, Uncovered

Utilities

  • Heatcool: Central AC,Other

Lot Info

  • Lot Size Sq Ft: 10577.00
  • Parcel #: 33109015

Multi Family

  • Total Annual Expense: 14000.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 37140.00
  • Property Net Operating Income: 21283.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2018
Closed on
Aug 27, 2018
Sold by
Chen Chun Hsing and Tanabe Trisha
Bought by
Okhovat Michael
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$479,999
Sold Price
$450,000
Premium/Discount to List
-$29,999
-6.25%
Current Estimated Value
$802,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,711
Avg. Annual Appreciation
8.87%

Purchase Details

Listed on
Nov 22, 2013
Closed on
Jan 3, 2014
Sold by
Rasson Maurice Elie and Rasson Suzi J
Bought by
Chen Chun Hsing and Tanabe Trisha
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Jeffrey Andrew
Unknown Broker
List Price
$385,000
Sold Price
$395,000
Premium/Discount to List
$10,000
2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.83%
Original Mortgage
$292,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2006
Sold by
Rasson Maurice and Rasson Suzi
Bought by
Rasson Maurice Elie and Rasson Suzi J

Purchase Details

Closed on
Mar 9, 2005
Sold by
Johnston Douglas Leroy and Johnston Barbara Jean
Bought by
Rasson Maurice and Rasson Suzi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
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
Okhovat Michael $450,000 Placer Title Co
Chen Chun Hsing $395,000 Chicago Title Company
Rasson Maurice Elie -- None Available
Rasson Maurice $440,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chen Chun $285,000
Previous Owner Chen Chun Hsing $292,500
Previous Owner Rasson Maurice $278,000
Previous Owner Johnston Douglas Leroy $190,000
Previous Owner Johnston Douglas Leroy $14,529
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $450,000 -6.2% $99 / Sq Ft
08/13/2018 08/13/18 For Sale $479,999 +21.5% $106 / Sq Ft
01/06/2014 01/06/14 Sold $395,000 +2.6% $87 / Sq Ft
12/07/2013 12/07/13 Pending -- -- --
11/22/2013 11/22/13 For Sale $385,000 -- $85 / 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 $8,418 $501,979 $111,550 $390,429
2024 $8,418 $492,137 $109,363 $382,774
2023 $8,274 $482,488 $107,219 $375,269
2022 $7,929 $473,028 $105,117 $367,911
2021 $7,524 $463,754 $103,056 $360,698
2020 $7,351 $459,000 $102,000 $357,000
2019 $7,255 $459,000 $102,000 $357,000
2018 $6,766 $425,559 $53,867 $371,692
2017 $6,668 $417,215 $52,811 $364,404
2016 $6,276 $409,035 $51,776 $357,259
2015 $6,215 $402,892 $50,999 $351,893
2014 $5,103 $310,000 $60,000 $250,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21808536

Bakersfield Association of REALTORS® / GEMLS

APN: 331-090-15-00-4