NOT LISTED FOR SALE
2 Beds
1 Bath
2,286 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: June 20, 2024

Last sale price $370,000 $162 Per Sq Ft

1 Day on Market

Highlights

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

About This Home

As of June 2024

715 Eye Street in Bakersfield, CA, is a multi-family property listed for $500,000, comprising three 2-bedroom/1-bath units and one studio. The building, constructed in two phases in 1898 and 1948, spans approximately 2,286 square feet. With a CAP rate of 5.68%, this property generates a gross scheduled income of $47,488 annually, presenting an investment opportunity with a balance of historical charm and functional rental spaces

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/20/2024

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/20/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1898

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 2,286 Sq Ft Home
  • 1-Story Property
  • Heated Floors

Schools

  • Roosevelt Bak Elementary School
  • Emerson Middle School
  • Bakersfield High School

Utilities

  • Central Heating and Cooling System
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 00925105

Community Details

Overview

  • 4 Units
  • Lowell Addition Subdivision

Building Details

  • Gross Income $47,844
  • Net Operating Income $28,408

Property Details

Home Type

Multi-Family

Year Built

Built in 1898

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1898
  • Building Stories: 1
  • Deposit Amount Required: 7500.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.1900
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2286.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

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

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Zoning Description: R3
  • Lot Size Sq Ft: 8276.00
  • Parcel #: 00925105

Multi Family

  • Total Annual Expense: 18000.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 47844.00
  • Property Net Operating Income: 28408.00

MLS Schools

  • Elementary School: Roosevelt_Bak

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2024
Closed on
Jun 1, 2024
Sold by
715 Eye Street Trust and Khachikyan Nelli
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$500,000
Sold Price
$370,000
Premium/Discount to List
-$130,000
-26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Outstanding Balance
$1,614,318
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2009
Sold by
Fdic
Bought by
Imb Reo Llc

Purchase Details

Closed on
Apr 22, 2009
Sold by
Murphy James V
Bought by
Indymac Federal Bank Fsb

Purchase Details

Closed on
Sep 4, 2007
Sold by
Murphy Connie
Bought by
Murphy James V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
9.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2007
Sold by
Siripane Khamphou
Bought by
Murphy James V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
9.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2004
Sold by
Siripane Luz M
Bought by
Siripane Khamphou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2003
Sold by
The Bank Of New York
Bought by
Siripane Khamphou

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,444
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 4, 2003
Sold by
Duran Marissa
Bought by
The Bank Of New York and Eqcc Trust 2001-2

Purchase Details

Closed on
Feb 22, 2000
Sold by
Duran Juan V
Bought by
Duran Marissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,420
Interest Rate
8.26%

Purchase Details

Closed on
Oct 1, 1996
Sold by
Dix Eddie L
Bought by
Duran Marissa and Duran Juan V
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$370,000 Placer Title
Imb Reo Llc -- Chicago Title Insurance Co
Khachikyan Nelli $77,000 Chicago Title Insurance Co
Indymac Federal Bank Fsb $156,050 None Available
Murphy James V -- Alliance Title Company
Murphy James V $400,000 Alliance Title Company
Siripane Khamphou -- Stewart Title
Siripane Khamphou $93,500 First American Title
The Bank Of New York $56,365 First American Title
Duran Marissa -- Fidelity National Title Co
Duran Marissa $46,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,650,000
Previous Owner Khachlkyan Nelli $250,000
Previous Owner Murphy James V $320,000
Previous Owner Siripane Khamphou $265,000
Previous Owner Siripane Khamphou $75,000
Previous Owner Siripane Khamphou $140,000
Previous Owner Siripane Khamphou $101,444
Previous Owner Duran Marissa $73,420
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/20/2024 06/20/24 Sold $370,000 -26.0% $162 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $500,000 -- $219 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,760 $384,948 $72,828 $312,120
2025 $3,437 $377,400 $71,400 $306,000
2024 $3,341 $97,431 $25,303 $72,128
2023 $3,341 $95,521 $24,807 $70,714
2022 $3,366 $93,649 $24,321 $69,328
2021 $3,010 $91,814 $23,845 $67,969
2020 $2,879 $90,874 $23,601 $67,273
2019 $2,826 $90,874 $23,601 $67,273
2018 $2,775 $87,347 $22,686 $64,661
2017 $2,746 $85,636 $22,242 $63,394
2016 $2,625 $83,957 $21,806 $62,151
2015 $2,589 $82,697 $21,479 $61,218
2014 $2,511 $81,078 $21,059 $60,019
Source: Public Records

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202404956

Bakersfield Association of REALTORS® / GEMLS

APN: 009-251-05

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