NOT LISTED FOR SALE

Estimated Value: $298,000 - $387,000

4 Beds
1 Bath
1,698 Sq Ft
$202/Sq Ft Est. Value

Last Sold April 25, 2023

Last sale price $254,000 $150 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $2,186/month

About This Home

As of April 2023

Attention Investors! Incredible high cash-flow investment opportunity in Central Bakersfield. Two large units with long-term tenant in the back unit. Front unit is 2-bed, 1-bath; Back unit is 1-bed; 1-bath with a bonus room. Both units have separate LARGE yards. Conveniently located within walking distance to schools, shopping, and employment. Great rental area with VERY LOW vacancy rate. Both units have rental rate upside. Professionally managed. Please do not disturb tenants in the back unit. This one is the perfect Cash-cow to add to your portfolio!

Last Agent to Sell the Property

Tara Alvarez

Miramar International-Riverwal License #01274779 Listed on: 10/07/2022

Last Buyer's Agent

Yamilet Alamillo Sanchez

Open Door Real Estate License #02038177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,285

Year Built

  • Built in 1925

Lot Details

  • 0.33 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • 1,698 Sq Ft Home
  • 1-Story Property

Parking

  • 1 Car Garage
  • Carport

Schools

  • Hills Elementary School

Listing and Financial Details

  • Assessor Parcel Number 00207112

Community Details

Overview

  • 2 Units
  • Homaker Park Subdivision

Building Details

  • Gross Income $17,340
  • Net Operating Income $12,862

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,285

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1925
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1698.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 2.00
  • Parking Features: Garage, Carport
  • Garages: 1

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

  • High School: Other-Outlying
  • Middle Or Junior School: Other-Outlying

Lot Info

  • Lot Size Sq Ft: 14526.00
  • Parcel #: 00207112

Multi Family

  • Total Annual Expense: 3000.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 17340.00
  • Property Net Operating Income: 12862.00

MLS Schools

  • Elementary School: Hills, Stella

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2022
Sold by
Kern County Real Estate Inc
Bought by
Gutierrez Efrain Lopez
Current Estimated Value
$343,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,399
Interest Rate
6.73%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 23, 2009
Sold by
Castillo Elizabeth R and Castillo Luis
Bought by
Us Bank National Association and Gsamp Trust 2006-He6 Mortgage Pass Throu
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
Gutierrez Efrain Lopez $254,000 All California Title
Us Bank National Association $83,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Efrain Lopez $249,399
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $254,000 0.0% $150 / Sq Ft
10/18/2022 10/18/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $254,000 +167.4% $150 / Sq Ft
01/07/2014 01/07/14 Sold $95,000 -5.0% $56 / Sq Ft
12/08/2013 12/08/13 Pending -- -- --
12/06/2013 12/06/13 For Sale $100,000 -- $59 / 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 $4,285 $264,261 $46,818 $217,443
2024 $4,285 $259,080 $45,900 $213,180
2023 $2,535 $113,693 $23,560 $90,133
2022 $2,451 $111,465 $23,099 $88,366
2021 $2,265 $109,281 $22,647 $86,634
2020 $2,199 $108,161 $22,415 $85,746
2019 $2,157 $108,161 $22,415 $85,746
2018 $2,112 $103,963 $21,546 $82,417
2017 $2,095 $101,925 $21,124 $80,801
2016 $2,742 $99,927 $20,710 $79,217
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202211086

Bakersfield Association of REALTORS® / GEMLS

APN: 002-071-12-00-7