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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

Agents Affiliated with this Home

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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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