NOT LISTED FOR SALE

Estimated Value: $397,000 - $803,301

6 Beds
3 Baths
2,230 Sq Ft
$231/Sq Ft Est. Value

Last Sold April 08, 2021

Last sale price $282,500 $127 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,122/month

6 Days on Market

About This Home

As of April 2021

Built in 1985, these units are 2 bed/1 bath each renting in $695 range. Upside on rents is easily 10- 20%! All have Central AC/Heating units and interior washer/dryer hookups. Property is clean and well managed. Landscaping is low maintenance. Gated parking front and rear. Owner pays water. Gas and electric are separately metered: tenants pay their own. These triplexes are on their own separate individual parcels. Seller has preference for buyer that purchases 921 triplex next door concurrently, also on the market at $278,000. This is the area where City of Bakersfield is expanding its downtown sphere of influence...The cherished Mill Creek river walk is just on the other side of California Ave. The property is also within a couple blocks from Maya Cinemas, Starbucks, Rabobank Arena, community pool, and ice rink recreation facilities. Lots of city development close by. The very popular E. Chester downtown neighborhood is very close by: Restaurants, bars, eateries. Area is trending up!

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 03/03/2021

Keller Williams Realty

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 03/03/2021

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,230 Sq Ft Home
  • 2-Story Property

Schools

  • Downtown Elementary School
  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00915110

Community Details

Overview

  • 3 Units
  • Lowell Add Subdivision

Building Details

  • Gross Income $48,900
  • Net Operating Income $37,681

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1985
  • Building Stories: 2
  • Property Sub Type: 3 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2230.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 3920.00
  • Parcel #: 00915110

Multi Family

  • Total Annual Expense: 10730.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 3
  • Annual Gross Income: 48900.00
  • Property Net Operating Income: 37681.00

MLS Schools

  • Elementary School: Downtown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2021
Closed on
Mar 16, 2021
Sold by
Duran Victor Manuel and Duran Monica L
Bought by
Interstate 2010-1 Llc
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$278,000
Sold Price
$282,500
Premium/Discount to List
$4,500
1.62%
Current Estimated Value
$515,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,575
Avg. Annual Appreciation
13.36%
Original Mortgage
$423,750
Outstanding Balance
$379,449
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$135,626

Purchase Details

Listed on
Apr 24, 2020
Closed on
May 11, 2020
Sold by
Kern County Real Estate Inc
Bought by
Duran Victor Manuel and Duran Monica L
Seller's Agent
Dan Shanyfelt
Miramar International
Buyer's Agent
adam garcia
SearchKern.com
List Price
$235,000
Sold Price
$240,000
Premium/Discount to List
$5,000
2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.42%
Original Mortgage
$192,000
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2012
Sold by
Kern County Real Estate Inc
Bought by
Kern County Real Estate Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.36%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 7, 2011
Sold by
U S Bank N A
Bought by
Kern County Real Estate Llc

Purchase Details

Closed on
Nov 16, 2010
Sold by
Barajas Alcantar Erasto and Barajas Alcantar Maria G
Bought by
U S Bank National Association

Purchase Details

Closed on
Jan 2, 2008
Sold by
Alcantar Maria Guadalupe
Bought by
Alacantar Erasto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,500
Interest Rate
10%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2003
Sold by
Alcantar Erasto
Bought by
Alcantar Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2003
Sold by
Gonzalez Luis R and Gonzalez Maribel
Bought by
Alcantar Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Interstate 2010-1 Llc $565,000 Chicago Title
Duran Victor Manuel $240,000 Placer Title Company
Kern County Real Estate Inc -- Chicago Title Company
Kern County Real Estate Llc $68,500 Ticor Title Company Of Ca
U S Bank N A -- Ticor Title Company Of Ca
U S Bank National Association $74,700 Lawyers Title
Alacantar Erasto -- First American Title
Alcantar Maria Guadalupe -- First American Title
Alcantar Maria Guadalupe $115,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Interstate 2010-1 Llc $423,750
Previous Owner Duran Victor Manuel $192,000
Previous Owner Kern County Real Estate Inc $80,000
Previous Owner Alacantar Erasto $234,500
Previous Owner Alcantar Maria Guadalupe $92,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2021 04/08/21 Sold $282,500 +1.6% $127 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
03/03/2021 03/03/21 For Sale $278,000 +15.8% $125 / Sq Ft
06/05/2020 06/05/20 Sold $240,000 +2.1% $108 / Sq Ft View Prior Sale
05/06/2020 05/06/20 Pending -- -- --
04/24/2020 04/24/20 For Sale $235,000 -- $105 / 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 $5,381 $305,786 $18,942 $286,844
2024 $5,381 $299,791 $18,571 $281,220
2023 $5,256 $293,913 $18,207 $275,706
2022 $5,111 $288,150 $17,850 $270,300
2021 $4,338 $242,485 $30,310 $212,175
2020 $2,465 $93,449 $22,516 $70,933
2019 $2,419 $93,449 $22,516 $70,933
2018 $2,374 $89,823 $21,643 $68,180
2017 $2,351 $88,063 $21,219 $66,844
2016 $2,231 $86,337 $20,803 $65,534
2015 $2,203 $85,041 $20,491 $64,550
2014 $2,136 $83,376 $20,090 $63,286
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202102254

Bakersfield Association of REALTORS® / GEMLS

APN: 009-151-10-00-3