NOT LISTED FOR SALE

8404 Frankie Lou St Bakersfield, CA 93314

Estimated Value: $599,000 - $713,000

-- Bed
-- Bath
-- Sq Ft
1 Acres

Last Sold April 29, 2024

Last sale price $1,170,000

Est. 46% decrease in value since last sale

Current estimated payment $3,987/month

4 Days on Market

Highlights

  • Central Heating and Cooling System
  • Centennial High School Rated A-
  • 1-Story Property

About This Home

As of April 2024

We are thrilled to present a unique offering of four brand new duplexes representing the epitome of Class A real estate in Northwest Bakersfield. Boasting an attractive unit mix of two and three bedrooms, this investment promises outstanding returns and caters to a diverse tenant base, making it perfect for any type of investor. Thoughtfully designed to exude modern luxury and functionality, these duplexes offer an unparalleled living experience for families, professionals, and individuals alike. Located in a prime part of Bakersfield, this offering guarantees high demand and consistent occupancy rates, ensuring a steady income stream.

Last Agent to Sell the Property

Esteban Contreras

Watson Realty License #01975384 Listed on: 02/22/2024

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,996

Year Built

  • Built in 2023

Lot Details

  • 1

Parking

  • Uncovered Parking

Home Design

  • Tile Roof

Additional Features

  • 1-Story Property
  • 1 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number NEW OR UNDER CONSTRUCTION

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $97,200
  • Net Operating Income $72,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,996

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2023
  • Building Stories: 1
  • Deposit Amount Required: 30000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 1.0000
  • Co List Office Mls Id: 11174
  • Special Features: NewHome
  • Stories: 1

Exterior Features

  • Roof: Tile
  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Lot Info

  • Zoning Description: R1
  • Lot Size Sq Ft: 43560.00
  • Parcel #: NEW OR UNDER CONSTRUCTION
  • ResoLotSizeUnits: Acres

Multi Family

  • Total Annual Expense: 24300.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 97200.00
  • Property Net Operating Income: 72900.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2024
Closed on
Mar 23, 2024
Sold by
Zarrabi-Jorsher Vahid
Bought by
Saeideh Razafshar
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$1,200,000
Sold Price
$1,170,000
Premium/Discount to List
-$30,000
-2.5%
Views
10
Current Estimated Value
$631,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$538,644
Avg. Annual Appreciation
-38.43%
Original Mortgage
$160,850
Outstanding Balance
$158,685
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$476,304
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Saeideh Razafshar -- Ticor Title Company
Saeideh Razafshar $585,000 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saeideh Razafshar $160,850
Previous Owner Jeremy Willer Construction Inc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2024 04/29/24 Sold $1,170,000 -2.5% --
02/23/2024 02/23/24 Pending -- -- --
02/19/2024 02/19/24 For Sale $1,200,000 -- --
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 $5,996 $596,700 $153,000 $443,700
2024 $5,996 $314,290 $40,290 $274,000
2023 $1,319 $39,500 $39,500 --
Source: Public Records

Agents Affiliated with this Home

  • Esteban Contreras

    Seller's Agent in 2024

    Esteban Contreras

    Watson Realty

    (661) 206-2447

    151 Total Sales

    Section Image
  • Eric Van Denk

    Seller Co-Listing Agent in 2024

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    248 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202401693

Bakersfield Association of REALTORS® / GEMLS

APN: 492-552-04-00-3

California Kern County Bakersfield 93308

8404 Frankie Lou St, Bakersfield, CA

This home is located at 8404 Frankie Lou St, Bakersfield, CA 93314 since 22 February 2024 and is currently estimated at $634,681. This property was built in 2023. 8404 Frankie Lou St is a home located in Kern County with nearby schools including Olive Drive Elementary School, Norris Middle School, and Centennial 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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