NOT LISTED FOR SALE

701 Knotts St Bakersfield, CA 93305

East Bakersfield Neighborhood
-- Bed
-- Bath
9,900 Sq Ft
0.48 Acres

Last Sold August 12, 2022

Last sale price $1,300,000 $131 Per Sq Ft

21 Days on Market

Highlights

  • 20,908 Sq Ft lot
  • Central Air
  • 5-minute walk to Jefferson Park

About This Home

As of August 2022

14 Units For Sale! Units have Hvac! Now Stabilized with a unit mix of (6) 2 bedroom / 1 bathroom units and (8) 1 bedroom / 1 bathroom units. Gated complex with a large courtyard, and on-site laundry. Built in 1964.

Last Agent to Sell the Property

Alfonso Gomez Sanchez

People Realty, Inc. License #01337220 Listed on: 07/22/2022

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.48

Interior Spaces

  • 9,900 Sq Ft Home
  • 2-Story Property

Schools

  • Noble Elementary School
  • Washington Middle School
  • Highland School

Additional Features

  • 0.48 Acre Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 12532013

Community Details

Overview

  • 14 Units
  • Keith Addition Subdivision

Building Details

  • Gross Income $128,275
  • Net Operating Income $90,113

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1964
  • Building Stories: 2
  • Property Sub Type: 11 Plus
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 9900.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Central AC

Schools

  • High School: Highland
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size Sq Ft: 20908.00
  • Parcel #: 12532013

Multi Family

  • Total Annual Expense: 38161.13
  • Vacancy Factor: 7.14
  • Number Of Units Total: 14
  • Annual Gross Income: 128275.00
  • Property Net Operating Income: 90113.13

MLS Schools

  • Elementary School: Noble, Myra A.

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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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 Prior Sale
08/12/2022 08/12/22 Sold $1,300,000 0.0% $131 / Sq Ft
07/22/2022 07/22/22 For Sale $1,300,000 +62.5% $131 / Sq Ft
01/10/2018 01/10/18 Sold $800,000 -4.3% $81 / Sq Ft View Prior Sale
12/11/2017 12/11/17 Pending -- -- --
10/23/2017 10/23/17 For Sale $836,000 -- $84 / 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 $27,146 $1,352,520 $161,262 $1,191,258
2024 $27,146 $1,326,000 $158,100 $1,167,900
2023 $26,318 $1,300,000 $155,000 $1,145,000
2022 $20,200 $857,760 $58,970 $798,790
2021 $19,071 $840,942 $57,814 $783,128
2020 $19,071 $832,320 $57,222 $775,098
2019 $17,960 $832,320 $57,222 $775,098
2018 $15,311 $432,901 $54,112 $378,789
2017 $14,715 $424,413 $53,051 $371,362
2016 $7,494 $416,092 $52,011 $364,081
2015 $7,488 $409,843 $51,230 $358,613
2014 $7,282 $401,816 $50,227 $351,589
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alfonso Gomez Sanchez

    People Realty, Inc.

    (661) 371-5008

    5 in this area

    31 Total Sales

    Alfonso Gomez Sanchez
    Section Image
  • Marc Thurston

    Buyer's Agent in 2022

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    9 in this area

    87 Total Sales

    Marc Thurston
    Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202208342

Bakersfield Association of REALTORS® / GEMLS
California Kern County Bakersfield 93305 East Bakersfield

701 Knotts St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

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