Seller's Agent in 2020
Herb Diaz
PLF Real Estate Solutions
(562) 479-7418
84 Total Sales
923 Lake St Bakersfield, CA 93305
East Bakersfield NeighborhoodEstimated Value: $417,676
2
Beds
1
Bath
3,120
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- No Units Above
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of August 2020Amazing opportunity to own long term investment opportunity in Bakersfield!! -OR- Occupy one unit and have the others pay for ALL of the mortgage plus your utilities. Either way you look at it with the current historically low rates this opportunity is one that you cannot pass up. The investment has strong pro-forma data; it offers a CAP RATE of 7.6% and a GRM of 10.1!! With historically low interest rates in the 3's for well qualified investors, this property cash flows and is a value add to any portfolio. Or, if you're a savvy owner occupant this property will qualify for FHA, first time home buyer programs and come out of pocket for as low as 3.5% down and have the tenants cover all of your expenses!Whether you're a seasoned property investor or an ambitious home buyer looking take advantage of the current market don't miss out on this amazing opportunity!! Seller will consider crediting buyer towards closing costs!!
Last Agent to Sell the Property
PLF Real Estate Solutions License #01458024 Listed on: 07/05/2020
Last Buyer's Agent
Jamie Hammontree
PLF Real Estate Solutions License #01741267
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1979
Lot Details
- 7,512 Sq Ft Lot
- No Units Above
- Two or More Common Walls
Home Design
- Property Attached
Interior Spaces
- 3,120 Sq Ft Home
- 1-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Additional Features
- Exterior Lighting
- Suburban Location
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 5 / 59
- Tax Tract Number 1
- Assessor Parcel Number 01537004008
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Electric Expense $120
- Insurance Expense $1,000
- Other Expense $1,700
- Trash Expense $720
- Water Sewer Expense $1,200
- New Taxes Expense $4,688
- Operating Expense $9,428
- Gross Income $38,160
- Net Operating Income $28,732
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Home Values in the Area
Average Home Value in this Area
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 | Prior Sale |
|---|---|---|---|---|---|
| 08/31/2020 08/31/20 | Sold | $360,000 | -4.0% | $115 / Sq Ft | |
| 07/25/2020 07/25/20 | Pending | -- | -- | -- | |
| 07/05/2020 07/05/20 | For Sale | $375,000 | +10.9% | $120 / Sq Ft | |
| 01/31/2019 01/31/19 | Sold | $338,000 | -11.1% | $108 / Sq Ft | View Prior Sale |
| 12/21/2018 12/21/18 | Pending | -- | -- | -- | |
| 10/30/2018 10/30/18 | Price Changed | $380,000 | -4.8% | $122 / Sq Ft | |
| 10/01/2018 10/01/18 | Price Changed | $399,000 | -5.0% | $128 / Sq Ft | |
| 09/09/2018 09/09/18 | For Sale | $420,000 | -- | $135 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Herb Diaz
-
J
Buyer's Agent in 2020
Jamie Hammontree
PLF Real Estate Solutions
-
S
Seller's Agent in 2019
Steven Tong
EXP REALTY OF CALIFORNIA INC
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW20131115
APN: 015-370-04-00-8
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.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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