NOT LISTED FOR SALE

Estimated Value: $642,000 - $715,000

9 Beds
5 Baths
3,260 Sq Ft
$206/Sq Ft Est. Value

Last Sold October 11, 2022

Last sale price $585,000 $179 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,349/month

21 Days on Market

About This Home

As of October 2022

Fully occupied 4-plex in Olive Dr./N.W. area. Front unit is 3 bed, 2 bath with attached garage. All units have been recently updated with new flooring and granite countertops. 2 units have newer water heaters. Exterior has been painted in the last 5 years and several interior upgrades on all units. Close to restaurants, churches, shopping and parks. Turn key and ready for new owner. All units have good tenants at market rents. Sellers are asking for highest and best by Friday 2pm.

Last Agent to Sell the Property

Royce Jennings

Watson Realty License #01959264 Listed on: 09/20/2022

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 7,884

Interior Spaces

  • 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 3641900

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $51,300
  • Net Operating Income $46,467

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

7,884 Sq Ft Lot

Listing Details

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

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Garage, Uncovered
  • Garages: 1

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Parcel #: 3641900

Multi Family

  • Total Annual Expense: 4833.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 4
  • Annual Gross Income: 51300.00
  • Property Net Operating Income: 46467.00

MLS Schools

  • Elementary School: San Lauren

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2024
Sold by
Alvarado Pedro and Alcala Virginia A
Bought by
Rosas Fernando
Current Estimated Value
$672,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$655,000
Outstanding Balance
$647,237
Interest Rate
7.03%
Mortgage Type
VA
Estimated Equity
$25,076

Purchase Details

Listed on
Sep 20, 2022
Closed on
Oct 5, 2022
Sold by
Eli Properties Llc
Bought by
Alvarado Pedro and Alcala Virginia A
Seller's Agent
Royce Jennings
Watson Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$585,000
Sold Price
$585,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.24%

Purchase Details

Closed on
Mar 8, 2021
Sold by
Castellon Lopez Yelba and Lopez Ronald
Bought by
Eli Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2019
Closed on
Dec 30, 2019
Sold by
Lopez Ronald Oswaldo and Lopez Yelba M Castellon
Bought by
Eli Properties Llc
Seller's Agent
Kevin Peters
Coldwell Banker Preferred,RLT
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$425,000
Sold Price
$410,500
Premium/Discount to List
-$14,500
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Listed on
Sep 25, 2019
Closed on
Oct 23, 2019
Sold by
Miller Dustin and Miller Karen E
Bought by
Lopez Ronald Oswaldo and Lopez Yelba M Castellon
Seller's Agent
Kevin Peters
Coldwell Banker Preferred,RLT
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$425,000
Sold Price
$410,500
Premium/Discount to List
-$14,500
-3.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,875
Interest Rate
3.5%

Purchase Details

Closed on
Aug 3, 2016
Sold by
Miller Karen E and Leal Karen E
Bought by
Miller Dustin and Miller Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Leal Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2009
Sold by
Valdez Olga and Valdez Marc Anthony
Bought by
Deutsche Bank National Trust Company and Bcap Llc 2007-Aa3

Purchase Details

Closed on
Dec 14, 2006
Sold by
Bauer Enterprises Llc
Bought by
Valdez Mark Anthony and Valdez Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2005
Sold by
Bauer Charles M and Bauer Rose I
Bought by
Bauer Enterprises Llc

Purchase Details

Closed on
Jun 2, 2005
Sold by
Goff Sonia M
Bought by
Bauer Charles M and Bauer Rose I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 29, 2004
Sold by
Patterson Holdings Llc
Bought by
Goff Sonia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,100
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2002
Sold by
Patterson Eddie G
Bought by
Patterson Holdings Llc

Purchase Details

Closed on
Nov 8, 2001
Sold by
Tramel Cory L and Tramel Cari A
Bought by
Patterson Eddie G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,600
Interest Rate
6.51%

Purchase Details

Closed on
Jan 4, 1999
Sold by
Washington Mutual Bank Fa
Bought by
Patterson Eddie G and Tramel Cory L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
6.77%

Purchase Details

Closed on
Aug 10, 1998
Sold by
Litke Clifford and Litke Carolyn
Bought by
Home Svgs Bank Of America Fsb

Purchase Details

Closed on
Jan 12, 1994
Sold by
Chen Kwan Abel Shiu Hung and Chen Kwan Santina Le
Bought by
Litke Clifford and Litke Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rosas Fernando $655,000 Timios Title
Alvarado Pedro $585,000 Chicago Title
Eli Properties Llc -- Timios Title A Ca Corp
Castellon Lopez Yelba -- Timios Title A Ca Corp
Eli Properties Llc -- None Available
Lopez Ronald Oswaldo $415,000 Ticor Title Company
Miller Dustin -- First American Title Company
Leal Karen E $200,000 First American Title Company
Deutsche Bank National Trust Company $190,000 Accommodation
Valdez Mark Anthony $410,000 Chicago Title Company
Bauer Enterprises Llc -- --
Bauer Charles M $390,000 Ticor Title
Goff Sonia M $295,000 Chicago Title
Patterson Holdings Llc -- --
Patterson Eddie G $500 Stewart Title
Patterson Eddie G $86,000 First American Title Co
Home Svgs Bank Of America Fsb $95,000 Fidelity National Title Ins
Litke Clifford $135,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosas Fernando $655,000
Previous Owner Castellon Lopez Yelba $321,000
Previous Owner Lopez Ronald Oswaldo $307,875
Previous Owner Miller Dustin $220,500
Previous Owner Leal Karen E $150,000
Previous Owner Valdez Mark Anthony $328,000
Previous Owner Bauer Charles M $312,000
Previous Owner Goff Sonia M $205,100
Previous Owner Patterson Eddie G $81,600
Previous Owner Patterson Eddie G $77,400
Previous Owner Litke Clifford $108,000
Closed Litke Clifford $13,500
Closed Goff Sonia M $58,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/11/2022 10/11/22 Sold $585,000 0.0% $179 / Sq Ft
09/20/2022 09/20/22 For Sale $585,000 +42.5% $179 / Sq Ft
11/21/2019 11/21/19 Sold $410,500 -3.4% $126 / Sq Ft View Prior Sale
10/22/2019 10/22/19 Pending -- -- --
09/25/2019 09/25/19 For Sale $425,000 -- $130 / 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 $10,634 $655,000 $130,000 $525,000
2024 $10,634 $596,700 $127,500 $469,200
2023 $10,372 $585,000 $125,000 $460,000
2022 $9,013 $498,780 $153,000 $345,780
2021 $7,750 $414,247 $75,777 $338,470
2020 $7,465 $410,000 $75,000 $335,000
2019 $5,294 $236,047 $53,107 $182,940
2018 $5,108 $226,883 $51,046 $175,837
2017 $5,003 $222,436 $50,046 $172,390
2016 $4,788 $218,075 $49,065 $169,010
2015 $4,667 $214,800 $48,328 $166,472
2014 $4,322 $189,000 $30,000 $159,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202210477

Bakersfield Association of REALTORS® / GEMLS

APN: 364-190-02-00-5

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