$425,000
SOLD SEP 7, 2023
8 Beds
4 Baths
3,540 Sq Ft
6,062 Sq Ft Lot

Recently Sold

$120 Per Sq Ft

1% Above List Price

9 Days on Market

Highlights

  • Fireplace in Bathroom
  • Brick Flooring
  • North Facing Home
  • Fenced Yard
  • Central Heating and Cooling System

About This Home

As of September 2023

Bakersfield California continues to attract investors from up and down the state, across the US and around world. It has become an investors dream come true due to the affordable pricing and increase in rents. We invite you to take a look at this 4plex located in East Bakersfield, CA. This property promises both income potential and long term value. There is ample parking in a gated parking lot, the. building is a 2-story with 4 units, priced with your rate of return in mind this is a great investment opportunity. Current rents are about about $1000 - $1100 per door, one of the units has upside potential in rents. Don't miss out on the chance to expand your investment portfolio.

Last Agent to Sell the Property

Pete Peralta

Miramar International License #01307225 Listed on: 08/10/2023

Co-Listed By

Carlos Villegas

eXp Realty of California Inc License #01775788

eXp Realty of California Inc

Last Buyer's Agent

Carlos Villegas

eXp Realty of California Inc License #01775788

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,472

Year Built

  • Built in 1984

Lot Details

  • 6,062 Sq Ft Lot
  • North Facing Home
  • Fenced Yard
  • Gated Home

Parking

  • Uncovered Parking

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,540 Sq Ft Home
  • 2-Story Property
  • Electric Fireplace
  • Brick Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom

Home Security

  • Security Lights
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 01412022000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,472

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Building Permit: No
  • Living Area: 3540
  • Lot Acreage: 0.1400
  • Stories: 2
  • Year Built: 1984
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace Rooms: Bath, Electric
  • Flooring: Brick
  • Bedrooms: 8
  • Common Walls: Attached
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 118.36

Exterior Features

  • Direction Faces: North
  • Other Structures: None
  • Foundation Details: Slab
  • Paved: Yes
  • Pool: No
  • Roof: Composition
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Uncovered

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated, Exterior Security Lights, Carbon Monoxide Detector(s), Smoke Detector
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Additions Alterations: No
  • Assessed Improvement Percent: 84.91
  • Assessed Improvement Value: 215446
  • Assessed Land Percent: 15.09
  • Assessed Land Value: 38276
  • Total Assessed Value: 253722
  • Assessor Parcel Number: 01412022000
  • Lot Description: Fenced Yard
  • Lot Size Area: 6062

Rental Info

  • Total Actual Rent: 3826.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 9.13
  • Number Of Units: 4
  • Total Annual Expense: 15450
  • Type Of Units: 4
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 30, 2023
Sold by
Unknown
Bought by
Jnn Real Estate Llc
Seller's Agent
Pete Peralta
Miramar International
Buyer's Agent
Carlos Villegas
eXp Realty of California Inc
List Price
$419,000
Sold Price
$425,000
Premium/Discount to List
$6,000
1.43%
Views
419
Current Estimated Value
$478,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,915
Avg. Annual Appreciation
7.38%

Purchase Details

Listed on
Aug 10, 2023
Closed on
Aug 29, 2023
Sold by
Fong Jessica
Bought by
Ruanthong Sitthichai
Seller's Agent
Pete Peralta
Miramar International
Buyer's Agent
Carlos Villegas
eXp Realty of California Inc
List Price
$419,000
Sold Price
$425,000
Premium/Discount to List
$6,000
1.43%
Views
419

Purchase Details

Listed on
Feb 6, 2017
Closed on
Feb 22, 2017
Sold by
Denne Christopher and Riker Amy J
Bought by
Ruanthong Sitthichai
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$235,000
Sold Price
$232,000
Premium/Discount to List
-$3,000
-1.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$174,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 3, 2012
Closed on
Aug 14, 2012
Sold by
Wies Stephen S and Wies Judith A
Bought by
Denne Christopher and Riker Amy J
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$189,000
Sold Price
$188,000
Premium/Discount to List
-$1,000
-0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Original Mortgage
$141,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2011
Sold by
Ortega Martin
Bought by
Wies Stephen S and Wies Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,250
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2007
Sold by
Iverson James Charles
Bought by
Iverson Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2007
Sold by
Iverson Donna
Bought by
Ortega Martin and Ortega Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2003
Sold by
Iverson James
Bought by
Iverson Donna L

Purchase Details

Closed on
Jan 22, 2003
Sold by
Alvarez David A and Alvarez Maria N
Bought by
Iverson Donna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,900
Interest Rate
5.73%

Purchase Details

Closed on
Apr 5, 2001
Sold by
Washington Mutual Bank Fa
Bought by
Alvarez David A and Alvarez Maria N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,800
Interest Rate
7.15%

Purchase Details

Closed on
Jan 29, 2001
Sold by
Schmidt Eno A and Schmidt Lillian Y
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
Jun 5, 2000
Sold by
Schmidt Eno A and Schmidt Lillian Y
Bought by
The Safeguard Group Inc

Purchase Details

Closed on
Oct 17, 1998
Sold by
Schmidt Eno A and Schmidt Lillian Y
Bought by
The Safeguard Group Inc
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 $425,000 Old Republic Title Company
Deed -- Old Republic Title Company
Grant Deed $232,000 Chicago Title Company
Grant Deed $188,000 First American Title Company
Grant Deed $147,000 Ticor Title Co
Interfamily Deed Transfer -- Ticor Title Co
Interfamily Deed Transfer -- Accommodation
Grant Deed $315,000 Lawyers Title Company
Interfamily Deed Transfer -- Commonwealth Title
Grant Deed $154,000 Commonwealth Title
Grant Deed $82,500 First American Title Ins Co
Trustee Deed $80,000 Stewart Title
Grant Deed -- --
Individual Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $174,000 New Conventional
Previous Owner $141,000 New Conventional
Previous Owner $110,250 New Conventional
Previous Owner $252,000 New Conventional
Previous Owner $240,000 Unknown
Previous Owner $153,900 No Value Available
Previous Owner $20,000 Unknown
Previous Owner $63,800 No Value Available
Closed $10,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2023 09/07/23 Sold $425,000 +1.4% $120 / Sq Ft
08/19/2023 08/19/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $419,000 +80.6% $118 / Sq Ft
03/30/2017 03/30/17 Sold $232,000 -1.3% $66 / Sq Ft
02/28/2017 02/28/17 Pending -- -- --
02/06/2017 02/06/17 For Sale $235,000 +25.0% $66 / Sq Ft
09/28/2012 09/28/12 Sold $188,000 -0.5% $53 / Sq Ft
08/29/2012 08/29/12 Pending -- -- --
08/03/2012 08/03/12 For Sale $189,000 -- $53 / Sq Ft
Source: The MLS

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 $7,472 $433,500 $102,000 $331,500
2024 $7,472 $425,000 $100,000 $325,000
2023 $5,437 $258,795 $39,041 $219,754
2022 $5,266 $253,722 $38,276 $215,446
2021 $4,890 $248,748 $37,526 $211,222
2020 $4,755 $246,199 $37,142 $209,057
2019 $4,664 $246,199 $37,142 $209,057
2018 $4,567 $236,640 $35,700 $200,940
2017 $4,135 $199,473 $31,830 $167,643
2016 $3,873 $195,562 $31,206 $164,356
2015 $3,835 $192,626 $30,738 $161,888
2014 $3,715 $188,853 $30,136 $158,717
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-300217

The MLS

APN: 014-120-22-00-0