NOT LISTED FOR SALE
-- Bed
-- Bath
6,020 Sq Ft
0.32 Acres

Last Sold September 08, 2017

Last sale price $550,000 $91 Per Sq Ft

20 Days on Market

Highlights

  • Heated Floors
  • Central Heating and Cooling System
  • 1-Story Property
  • 0.32 Acre Lot

About This Home

As of September 2017

Bread and Butter units the owner has owned them a long time and wants to retire. Owner says new roofs in 2010-2012. Owner wants to sell as is, but will finance with 10% to 20% down at 6% interest amortized over 30 years and all due in 5 years. This is a great opportunity to begin or add to your real estate investment portfolio. The income and expense information is actual, but the rents seem low and I think could be raised maybe By $675.00 per month.

Last Agent to Sell the Property

John Willingham

New Concept Realty, Inc. License #00556588 Listed on: 08/17/2017

Co-Listed By

Wesley Willingham

New Concept Realty, Inc. License #1258053

Last Buyer's Agent

John Willingham

New Concept Realty, Inc. License #00556588 Listed on: 08/17/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.32 Acre Lot

Interior Spaces

  • 6,020 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Utilities

  • Central Heating and Cooling System
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 00928108

Community Details

Overview

  • 10 Units
  • Lowell Add Bakersfi Subdivision

Building Details

  • Gross Income $51,300
  • Net Operating Income $32,921

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1953
  • Building Stories: 1
  • Property Sub Type: 5 - 10 Units
  • Lot Size Acres: 0.3208
  • Co List Office Mls Id: 6264
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 6020.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat, Evaporative, Floor/Wall Heater

Lot Info

  • Zoning Description: Medium Density Residential
  • Lot Size Sq Ft: 13972.00
  • Parcel #: 00928108

Multi Family

  • Total Annual Expense: 16840.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 10
  • Existing Lease Type: Net
  • Annual Gross Income: 51300.00
  • Property Net Operating Income: 32921.00

Range of Values:

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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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2017 09/08/17 Sold $550,000 0.0% $91 / Sq Ft
08/17/2017 08/17/17 For Sale $549,950 -- $91 / 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 $17,354 $1,224,000 $158,100 $1,065,900
2024 $17,354 $1,200,000 $155,000 $1,045,000
2023 $12,610 $806,309 $101,959 $704,350
2022 $12,822 $790,500 $99,960 $690,540
2021 $9,381 $578,146 $58,865 $519,281
2020 $9,191 $572,219 $58,262 $513,957
2019 $9,051 $572,219 $58,262 $513,957
2018 $8,880 $550,000 $56,000 $494,000
2017 $5,741 $283,802 $44,803 $238,999
2016 $5,388 $278,238 $43,925 $234,313
2015 $5,347 $274,060 $43,266 $230,794
2014 $5,206 $268,693 $42,419 $226,274
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21709724

Bakersfield Association of REALTORS® / GEMLS