$350,000
SOLD OCT 25, 2024

765 2nd St Mc Farland, CA 93250

-- Bed
-- Bath
2,094 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$167 Per Sq Ft

4 Days on Market

About This Home

As of October 2024

For sale at $350,000, 765 2nd Street in McFarland, CA, features three separate 2-bedroom, 1-bath units, each priced at just $116,667. Built in 1967, the property spans approximately 2,094 square feet, offering a gross scheduled income of $28,188 annually. With potential for rental income growth, this multifamily property provides a solid investment opportunity with upside potential

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 09/14/2024

Last Buyer's Agent

Sherri Camargo

Majestic Palm Realty License #01324532

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,196

Year Built

  • Built in 1967

Parking

  • Uncovered Parking

Home Design

  • Composition Roof

Interior Spaces

  • 2,094 Sq Ft Home
  • 1-Story Property

Schools

  • Kern Avenue Elementary School
  • Mcfarland Middle School
  • Mcfarland High School

Additional Features

  • 6,098 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 20104002

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $28,188
  • Net Operating Income $14,742

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,196

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1967
  • Building Stories: 1
  • Deposit Amount Required: 5000.00
  • Property Sub Type: 3 Units
  • Lot Size Acres: 0.1400
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2094.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: McFarland
  • Middle Or Junior School: McFarland

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 6098.00
  • Parcel #: 20104002

Multi Family

  • Total Annual Expense: 12600.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 3
  • Existing Lease Type: Net
  • Annual Gross Income: 28188.00
  • Property Net Operating Income: 14742.00

MLS Schools

  • Elementary School: Kern Avenue

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2024
Closed on
Oct 23, 2024
Sold by
Lilani Farzana
Bought by
Lilani Hyder Ali
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Sherri Camargo
Majestic Palm Realty
List Price
$350,000
Sold Price
$350,000
Views
4
Current Estimated Value
$361,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,039
Avg. Annual Appreciation
4.29%
Original Mortgage
$262,500
Outstanding Balance
$260,189
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$100,850

Purchase Details

Listed on
Sep 14, 2024
Closed on
Oct 3, 2024
Sold by
Delores Louise Kreutzer Living Trust and Smith Traci
Bought by
Lilani Hyder Ali
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Sherri Camargo
Majestic Palm Realty
List Price
$350,000
Sold Price
$350,000
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$260,189
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$100,850

Purchase Details

Closed on
Nov 8, 1994
Sold by
Kreutzer Delores Louise and Delores Louise Kreutzer Living
Bought by
Kreutzer Delores Louise and The Delores Louise Kreutzer Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
8.86%
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed -- Placer Title
Grant Deed $350,000 Placer Title
Interfamily Deed Transfer -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $262,500 New Conventional
Previous Owner $63,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2024 10/25/24 Sold $350,000 0.0% $167 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/14/2024 09/14/24 For Sale $350,000 -- $167 / 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 $1,196 $350,000 $80,000 $270,000
2024 $1,160 $56,489 $4,393 $52,096
2023 $1,160 $55,382 $4,307 $51,075
2022 $1,116 $54,297 $4,223 $50,074
2021 $943 $53,234 $4,141 $49,093
2020 $865 $52,689 $4,099 $48,590
2019 $828 $52,689 $4,099 $48,590
2018 $820 $50,645 $3,941 $46,704
2017 $805 $49,653 $3,864 $45,789
2016 $797 $48,681 $3,789 $44,892
2015 $787 $47,951 $3,733 $44,218
2014 $763 $47,012 $3,660 $43,352
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2024

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    2 in this area

    85 Total Sales

    Marc Thurston
    Section Image
  • Sherri Camargo

    Buyer's Agent in 2024

    Sherri Camargo

    Majestic Palm Realty

    (661) 303-3157

    4 in this area

    86 Total Sales

    Sherri Camargo
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202409415

Bakersfield Association of REALTORS® / GEMLS

APN: 201-040-02-00-3

California Kern County McFarland

765 2nd St, McFarland, CA

This home is located at 765 2nd St, Mc Farland, CA 93250 and is currently priced at $350,000, approximately $167 per square foot. This property was built in 1967. 765 2nd St is a home located in Kern County with nearby schools including McFarland High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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

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