NOT LISTED FOR SALE

8505 Grandy St Bakersfield, CA 93308

Estimated Value: $578,475 - $685,000

-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Last Sold June 21, 2024

Last sale price $600,000

Est. 5% increase in value since last sale

Current estimated payment $3,804/month

20 Days on Market

Highlights

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

About This Home

As of June 2024

We are thrilled to present a unique offering of this brand new duplex representing the epitome of Class A real estate in North West Bakersfield. Boasting an attractive unit mix of three (3) and two (2) 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: 03/11/2024

Co-Listed By

Eric Van Denk

Central Valley Property Adviso License #02071696

Last Buyer's Agent

Suzanne Munger

Scott Rivera Real Estate Team License #01788677

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024

Lot Details

  • 6,534

Home Design

  • Duplex
  • Tile Roof

Additional Features

  • 1-Story Property
  • 6,534 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number NEW OR UNDER CONSTRUCTION

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $48,900
  • Net Operating Income $36,675

Property Details

Home Type

Multi-Family

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2024
  • Building Stories: 1
  • Deposit Amount Required: 10000.00
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.1500
  • Co List Office Mls Id: 11174
  • Special Features: NewHome
  • Stories: 1

Exterior Features

  • Roof: Tile
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heatcool: Central AC, Central Heat

Lot Info

  • Zoning Description: R1
  • Lot Size Sq Ft: 6534.00
  • Parcel #: NEW OR UNDER CONSTRUCTION

Multi Family

  • Total Annual Expense: 12225.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Annual Gross Income: 48900.00
  • Property Net Operating Income: 36675.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2024
Sold by
Jeremy Willer Construction Inc
Bought by
Chao Koemheng and Yin Seav Inh
Current Estimated Value
$632,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Chao Koemheng $600,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chao Koemheng $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $600,000 -2.4% --
04/01/2024 04/01/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $615,000 -- --
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 $612,000 $153,000 $459,000
2024 $5,996 $314,288 $40,288 $274,000
2023 $1,318 $39,499 $39,499 --
Source: Public Records

Agents Affiliated with this Home

  • Esteban Contreras

    Seller's Agent in 2024

    Esteban Contreras

    Watson Realty

    (661) 617-0074

    148 Total Sales

    Esteban Contreras
    Section Image
  • Eric Van Denk

    Seller Co-Listing Agent in 2024

    Eric Van Denk

    Central Valley Property Adviso

    (419) 206-7117

    258 Total Sales

    Eric Van Denk
    Section Image
  • Suzanne Munger

    Buyer's Agent in 2024

    Suzanne Munger

    Scott Rivera Real Estate Team

    (661) 332-7367

    158 Total Sales

    Suzanne Munger
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202402345

Bakersfield Association of REALTORS® / GEMLS

APN: 492-561-02-00-3

California Kern County Bakersfield 93308

8505 Grandy St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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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