NOT LISTED FOR SALE

622 Lincoln Ave Bakersfield, CA 93308

Estimated Value: $266,000 - $382,000

3 Beds
3 Baths
2,208 Sq Ft
$159/Sq Ft Est. Value

Sale Details

Date Sold: March 25, 2025

Last sale price $382,000 $173 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,210 / mo

60 Days on Market

About This Home

As of March 2025

What to do with your hard earned money? Buy a rental income property! And look no further, this one is it. Rare gem in the heart of Oildale offers premium rents of $3,400 a month, and premium looks, perfect for new or seasoned investor. Featuring three 2 bedroom 1 bath units, updated recently with fresh paint and tile flooring throughout the home. All units have their own laundry hookups, and decent size private yard area. All units have had cosmetic updates in the past year or so. With a handsome rental income coming in, you do not want to lose the opportunity to invest and reap the benefits of the owner's hard work they've put in for years, to make this piece of real estate ever so desirable and profitable. Call your favorite realtor now and make an offer!

Last Agent to Sell the Property

Moiz Lakdawala

Keller Williams Realty License #01881688 Listed on: 01/13/2025

Keller Williams Realty

Last Buyer's Agent

Moiz Lakdawala

Keller Williams Realty License #01881688 Listed on: 01/13/2025

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,208 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Schools

  • Wingland Elementary School
  • Standard Middle School
  • North High School

Utilities

  • Central Heating and Cooling System
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 11309124

Community Details

Overview

  • 3 Units
  • Homecrest Subdivision

Building Details

  • Gross Income $40,800
  • Net Operating Income $33,250

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1946
  • Building Stories: 2
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.0900
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2208.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered, Other

Utilities

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

Schools

  • High School: North
  • Middle Or Junior School: Standard

Lot Info

  • Zoning Description: R1 - TRIPLEX OR 3 LIV UN ON 1 PARC
  • Lot Size Sq Ft: 3920.00
  • Parcel #: 11309124

Multi Family

  • Total Annual Expense: 7550.00
  • Vacancy Factor: 0.02
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 40800.00
  • Property Net Operating Income: 33250.00

MLS Schools

  • Elementary School: Wingland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2025
Closed on
Mar 3, 2025
Sold by
H & S 26 Llc
Bought by
Lucky Jade Capital Llc
Seller's Agent
Moiz Lakdawala
Keller Williams Realty
Buyer's Agent
Moiz Lakdawala
Keller Williams Realty
List Price
$399,000
Sold Price
$382,000
Premium/Discount to List
-$17,000
-4.26%
Views
82
Current Estimated Value
$350,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,813
Avg. Annual Appreciation
-7.67%
Original Mortgage
$305,600
Outstanding Balance
$304,042
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$46,145

Purchase Details

Listed on
Jun 12, 2019
Closed on
Jun 28, 2019
Sold by
Wells Fargo Bank National Association
Bought by
H & S 26 Llc
Seller's Agent
Edward Paine
Unknown Broker
Buyer's Agent
Moiz Lakdawala
Keller Williams Realty
List Price
$114,900
Sold Price
$118,000
Premium/Discount to List
$3,100
2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.93%

Purchase Details

Closed on
Aug 9, 2018
Sold by
Sampson Steve and Sampson Alecia
Bought by
Us Bank National Association

Purchase Details

Closed on
Mar 4, 2005
Sold by
White James E and White Georgia A
Bought by
Sampson Steve and Sampson Alecia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,900
Interest Rate
5.92%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 14, 1999
Sold by
White James E
Bought by
White James E and White Georgia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
7.51%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lucky Jade Capital Llc $382,000 Placer Title
H & S 26 Llc $118,000 Service Link
Us Bank National Association $149,760 Accommodation
Sampson Steve -- Alliance Title
White James E -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lucky Jade Capital Llc $305,600
Previous Owner Sampson Steve $158,900
Previous Owner White James E $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2025 03/25/25 Sold $382,000 -4.3% $173 / Sq Ft
03/14/2025 03/14/25 Pending -- -- --
01/13/2025 01/13/25 For Sale $399,000 +238.1% $181 / Sq Ft
07/19/2019 07/19/19 Sold $118,000 +2.7% $53 / Sq Ft View Prior Sale
06/19/2019 06/19/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $114,900 -- $52 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $4,238 $129,046 $32,807 $96,239
2024 $4,238 $126,516 $32,164 $94,352
2023 $4,068 $124,036 $31,534 $92,502
2022 $3,771 $121,605 $30,916 $90,689
2021 $3,509 $119,221 $30,310 $88,911
2020 $3,319 $118,000 $30,000 $88,000
2019 $3,651 $148,920 $30,600 $118,320
2018 $2,193 $34,673 $5,567 $29,106
2017 $2,143 $33,994 $5,458 $28,536
2016 $2,071 $33,328 $5,351 $27,977
2015 $2,050 $32,828 $5,271 $27,557
2014 $2,015 $32,186 $5,168 $27,018
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Moiz Lakdawala

    Keller Williams Realty

    (661) 343-9719

    38 Total Sales

    Moiz Lakdawala
    Section Image

  • E

    Seller's Agent in 2019

    Edward Paine

    Unknown Broker

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202500345

Bakersfield Association of REALTORS® / GEMLS

APN: 113-091-24-00-7

California Kern County Bakersfield 93308

622 Lincoln Ave, Bakersfield, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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