NOT LISTED FOR SALE
-- Bed
-- Bath
4,100 Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: July 5, 2022

Last sale price $485,000 $118 Per Sq Ft

5 Days on Market

About This Home

As of July 2022

5-unit building located in the East Bakersfield submarket. This property consists of 5 - 2-bedroom / 1.5 bath units which were built in 1978. The seller has replaced the roof and installed tile floors downstairs during his ownership. The current rents range are $720-$800 for a gross scheduled income of $47,040. There is immediate upside in the asking rents as all the units should be rented in the $950 range. Priced at under $100k/unit. Bakersfield currently has 1.58% citywide vacancy and 3.01% rent growth through the 1st quarter.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/31/2022

Last Buyer's Agent

Maria Soberon

eXp Realty of Southern Cali License #02078996

eXp Realty of Southern Cali
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,405 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 4,100 Sq Ft Home
  • 2-Story Property

Schools

  • Longfellow Elementary School
  • Washington Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 01521005

Community Details

Overview

  • 5 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $47,040
  • Net Operating Income $27,128

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1978
  • Building Stories: 2
  • Property Sub Type: 5 - 10 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4100.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: East
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Parcel #: 01521005

Multi Family

  • Total Annual Expense: 18500.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 5
  • Annual Gross Income: 47040.00
  • Property Net Operating Income: 27128.00

MLS Schools

  • Elementary School: Longfellow

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 14, 2022
Sold by
Bought by

Purchase Details

Listed on
May 31, 2022
Closed on
Jun 28, 2022
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Maria Soberon
eXp Realty of Southern Cali
List Price
$485,000
Sold Price
$485,000

Purchase Details

Listed on
May 31, 2022
Closed on
Jun 16, 2022
Sold by
Bought by
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Maria Soberon
eXp Realty of Southern Cali
List Price
$485,000
Sold Price
$485,000

Purchase Details

Closed on
Nov 7, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 23, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 4, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in East Bakersfield, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
-- Placer Title
$485,000 Placer Title
-- Ticor Title Company Of Ca
$140,000 Ticor Title Company Of Ca
$109,000 American Title Co
$125,000 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $82,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/05/2022 07/05/22 Sold $485,000 0.0% $118 / Sq Ft
06/05/2022 06/05/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $485,000 -- $118 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,543 $514,685 $42,448 $472,237
2025 $7,439 $504,594 $41,616 $462,978
2024 $7,439 $494,700 $40,800 $453,900
2023 $7,272 $485,000 $40,000 $445,000
2022 $3,435 $165,697 $53,259 $112,438
2021 $3,175 $162,449 $52,215 $110,234
2020 $3,175 $160,784 $51,680 $109,104
2019 $3,043 $160,784 $51,680 $109,104
2018 $2,995 $154,542 $49,674 $104,868
2017 $2,989 $151,512 $48,700 $102,812
2016 $2,801 $148,543 $47,746 $100,797
2015 $2,780 $146,312 $47,029 $99,283
2014 $2,706 $143,447 $46,108 $97,339
Source: Public Records

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202205942

Bakersfield Association of REALTORS® / GEMLS
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