NOT LISTED FOR SALE

6512 Mohawk St Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $566,765 - $693,000

9 Beds
5 Baths
3,260 Sq Ft
$194/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $500,000 $153 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,119/month

24 Days on Market

About This Home

As of December 2022

This fourplex is in NW Bakersfield is less than 10 minutes from the new industrial parks that house Amazon and other major employers. The property features a 3 bedroom / 1.75 bath unit, and 3 - 2 bedroom / 1 bath units that were built in 1982. The property includes a laundry room, 1 garage and plenty of uncovered parking spaces at the rear of the property. 3 of the 4 units are occupied by long term residents, which offer immediate upside in rents. Rents range from $625 - $1095 for a gross scheduled rent of $39,840. The Bakersfield multifamily market has strong fundamentals with only 1.78% vacancy rate and a 3rd quarter rent growth of 3.15%.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 11/22/2022

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 11/22/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 7,840 Sq Ft Lot

Interior Spaces

  • 3,260 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Car Garage
  • Uncovered Parking

Schools

  • San Lauren Elementary School
  • Beardsley Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 36419005

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $39,840
  • Net Operating Income $23,444

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1982
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3260.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Uncovered
  • Garages: 1

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 7840.00
  • Parcel #: 36419005

Multi Family

  • Total Annual Expense: 15200.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Annual Gross Income: 39840.00
  • Property Net Operating Income: 23444.00

MLS Schools

  • Elementary School: San Lauren

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2022
Closed on
Dec 5, 2022
Sold by
Kevin L Edwards Jr Trust and Edwards Kevin L
Bought by
Interstate 2010-1 Llc
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$633,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,191
Avg. Annual Appreciation
8.08%

Purchase Details

Listed on
Nov 2, 2018
Closed on
Jan 3, 2019
Sold by
Quint Matthew F and Quint Carla
Bought by
Edwards Kevin L and Edwards Maria
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Paul Robles
Unknown Broker
List Price
$350,000
Sold Price
$345,000
Premium/Discount to List
-$5,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%

Purchase Details

Closed on
Jan 28, 2011
Sold by
Quint Matthew F and Quint Carla
Bought by
Quint Matthew F and Quint Carla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Quint Matthew F and Quint Carla S

Purchase Details

Closed on
Oct 21, 2009
Sold by
Coronado Edward
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 20, 2006
Sold by
Coronado Emelina
Bought by
Coronado Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,820
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 2006
Sold by
Coronado Maria
Bought by
Coronado Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,820
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Coronado Mercedes
Bought by
Coronado Emelina

Purchase Details

Closed on
Mar 11, 2004
Sold by
Coronado Jorge
Bought by
Coronado Mercedes

Purchase Details

Closed on
Jan 9, 2004
Sold by
Leeson Mary L and Murphy William A
Bought by
Coronado Mercedes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 14, 1999
Sold by
Leeson Mary L
Bought by
Murphy William A and Murphy Debbra E

Purchase Details

Closed on
Aug 10, 1999
Sold by
Murphy William A and Murphy Debbra E
Bought by
Leeson Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,102
Interest Rate
7%

Purchase Details

Closed on
Mar 22, 1999
Sold by
Home Svgs Of America Fsb
Bought by
Murphy William A and Murphy Debbra E

Purchase Details

Closed on
Feb 19, 1998
Sold by
Litke Clifford
Bought by
Home Svgs Of America Fsb
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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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
Interstate 2010-1 Llc $500,000 Placer Title
Edwards Kevin L $345,000 Placer Title Co
Quint Matthew F -- First American Title
Quint Matthew F $169,000 Ticor Title Redlands
Federal Home Loan Mortgage Corporation $215,000 Servicelink
Coronado Edward $440,000 Fidelity Title Company
Coronado Edward -- Fidelty National Title
Coronado Emelina -- --
Coronado Mercedes -- Fidelity Title
Coronado Mercedes $293,000 Fidelity Title
Murphy William A $51,000 --
Leeson Mary L $110,500 Chicago Title Co
Murphy William A $73,000 Chicago Title Co
Home Svgs Of America Fsb $85,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Quint Matthew F $99,750
Previous Owner Coronado Edward $326,820
Previous Owner Coronado Edward $25,100
Previous Owner Coronado Mercedes $234,000
Previous Owner Leeson Mary L $88,102
Closed Coronado Mercedes $29,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2022 12/16/22 Sold $500,000 -4.8% $153 / Sq Ft
11/22/2022 11/22/22 For Sale $525,000 +52.2% $161 / Sq Ft
01/11/2019 01/11/19 Sold $345,000 -1.4% $106 / Sq Ft View Prior Sale
12/12/2018 12/12/18 Pending -- -- --
11/02/2018 11/02/18 For Sale $350,000 -- $107 / 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 $9,610 $520,200 $156,060 $364,140
2024 $9,610 $510,000 $153,000 $357,000
2023 $9,361 $500,000 $150,000 $350,000
2022 $7,379 $362,655 $78,837 $283,818
2021 $7,032 $355,545 $77,292 $278,253
2020 $7,032 $351,900 $76,500 $275,400
2019 $4,852 $199,460 $47,208 $152,252
2018 $4,678 $191,717 $45,376 $146,341
2017 $4,578 $187,959 $44,487 $143,472
2016 $4,393 $184,274 $43,615 $140,659
2015 $4,285 $181,507 $42,960 $138,547
2014 $4,196 $177,953 $42,119 $135,834
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2022

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    1 in this area

    87 Total Sales

    Marc Thurston
    Section Image

  • P

    Buyer's Agent in 2019

    Paul Robles

    Unknown Broker

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202212502

Bakersfield Association of REALTORS® / GEMLS

APN: 364-190-05-00-4

California Kern County Bakersfield 93308 Olive Drive Area

6512 Mohawk St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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