NOT LISTED FOR SALE
3 Beds
-- Baths
700 Sq Ft
1 Acre Lot

Sale Details

Date Sold: May 27, 2025

Last sale price $1,354,000 $1,934 Per Sq Ft

22 Days on Market

Highlights

  • 1 Acre Lot
  • Laundry Facilities
  • 1-Story Property
  • Community Pool

About This Home

As of May 2025

SELLER FINANCING with 35% Down Payment at 5% Interest Only, Due in 8 Years. 721 Oswell Street, Bakersfield, CA (Unincorporated Kern County). A well-maintained mobile home park located in a highly desirable area of Bakersfield, California. The mobile home park features 25 mobile home spaces plus a one-one bedroom/one bathroom cottage. The property also includes two park-owned homes. Tenants are directly billed for gas and electricity while paying a flat monthly fee for water. The owner covers trash expenses through the property tax bill, offering predictable operational costs. The park has public sewer and city water.

Last Agent to Sell the Property

Douglas McCauley

MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 03/19/2025

Last Buyer's Agent

David Covarrubias

MARCUS & MILLICHAP

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Property Details

Home Type

  • Mobile/Manufactured

Year Built

  • Built in 1948

Lot Details

  • 1 Acre Lot
  • No Common Walls

Home Design

  • Manufactured Home With Land
  • Entry on the 1st floor

Interior Spaces

  • 3 Bedrooms
  • 700 Sq Ft Home
  • 1-Story Property

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 11
  • Tax Tract Number 1384
  • Assessor Parcel Number 14306012005
  • $17,495 per year additional tax assessments

Community Details

Recreation

  • Community Pool

Building Details

  • 24 Leased Units
  • 26 Separate Electric Meters
  • 26 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $10,485
  • Gardener Expense $2,400
  • Insurance Expense $4,554
  • Maintenance Expense $7,500
  • Pool Expense $1,255
  • Professional Management Expense $12,000
  • Water Sewer Expense $8,930
  • New Taxes Expense $33,955
  • Operating Expense $86,881
  • Gross Income $167,080
  • Net Operating Income $72,621

Additional Features

  • 26 Units
  • Laundry Facilities

Property Details

Home Type

Mobile/Manufactured

Year Built

Built in 1948

Lot Details

1 Acres

Listing Details

  • CapRate: 4.92
  • Professional Management Expense: 12000.00
  • Property Attached: No
  • Water Sewer Expenses: 8930.00
  • Zoning: C-2
  • Property Sub Type: Manufactured On Land
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 14306012005
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 1934.29

Exterior Features

  • Pool Expense: 1255.00
  • Pool Features: Community
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 43560.00
  • Lot Size Acres: 1.0000

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Electric Expense: 10485.00
  • Gross Income: 167080.00
  • Gross Multiplier: 9.21
  • Gross Operating Income: 159502.00
  • Gross Scheduled Income: 167506.00
  • Insurance Expense: 4554.00
  • Laundry Income: 1900.00
  • Lot Size Area: 43560.0000 Square Feet
  • Maintenance Expense: 7500.00
  • Net Operating Income: 72621.00
  • Number Of Separate Electric Meters: 26
  • Number Of Separate Gas Meters: 26
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 24
  • Number Of Units Total: 26
  • Operating Expense: 86881.00
  • Other Expense Description: 1475
  • Other Income1: 5526.00
  • Rent Control: No
  • Total Expenses: 86881.00
  • Vacancy Allowance Rate: 5.00

Tax Info

  • New Taxes Expense: 33955.00
  • Tax Census Tract: 11.05
  • Tax Lot: 11
  • Tax Tract Number: 1384
  • TaxOtherAnnualAssessmentAmount: 17495.00

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
Mar 19, 2025
Closed on
Apr 23, 2025
Sold by
Bought by
Seller's Agent
Douglas McCauley
MARCUS & MILLICHAP
Buyer's Agent
David Covarrubias
MARCUS & MILLICHAP
List Price
$1,475,000
Sold Price
$1,354,000
Premium/Discount to List
-$121,000
-8.2%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$812,400
Outstanding Balance
$801,987
Interest Rate
6.62%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 13, 2019
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 2007
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
6.14%

Purchase Details

Closed on
Dec 26, 1995
Sold by
Bought by
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
$1,354,000 Upward Title
-- --
-- None Available
$850,000 Fidelity National Title Co
$650,000 First American Title
$4,000 --
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 $812,400
Previous Owner $190,000
Previous Owner $166,500
Previous Owner $100,000
Previous Owner $50,000
Previous Owner $525,000
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
05/27/2025 05/27/25 Sold $1,354,000 -8.2% $1,934 / Sq Ft
03/19/2025 03/19/25 For Sale $1,475,000 -- $2,107 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $1,717 $79,160 $15,000 $64,160
2024 $1,646 $79,160 $15,000 $64,160
2023 $1,568 $35,980 $8,600 $27,380
2022 $1,161 $35,980 $8,600 $27,380
2021 $1,087 $35,980 $8,600 $27,380
2020 $1,031 $23,740 $3,800 $19,940
2019 $975 $23,740 $3,800 $19,940
2018 $944 $23,740 $3,800 $19,940
2017 $795 $23,740 $3,800 $19,940
2016 $795 $23,740 $3,800 $19,940
2015 $1,092 $17,670 $3,000 $14,670
2014 $742 $17,670 $3,000 $14,670
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV25060978

California Regional Multiple Listing Service (CRMLS)
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