Seller's Agent in 2024
Esteban Contreras
Watson Realty
(661) 617-0074
3 in this area
145 Total Sales
929 E Brundage Ln Bakersfield, CA 93307
Lakeview Neighborhood
1
Bed
1
Bath
9,512
Sq Ft
0.81
Acres
Highlights
- 0.81 Acre Lot
- Tile Countertops
- Tile Flooring
- Evaporated cooling system
- Laundry Room
- 1-Story Property
About This Home
As of August 2024We are proud to have been chosen to exclusively present for sale this 18 unit multi-family property located @ 929 E Brundage Ave in Bakersfield CA 93307. The offering has significant value-add potential with all 1 bedroom, 1 bath units, & recently underwent significant upgrades, including a brand-new roof installation and replacement of the main sewer line. With these vital improvements enhancing the property's value and durability, along with the addition of a new unit constructed in 2023, investors can expect increased tenant satisfaction and decreased maintenance costs. Strategically located with easy access to downtown Bakersfield and major highways, along with proximity to a plethora of community amenities, this property presents an enticing opportunity for those seeking promising returns in Bakersfield's thriving rental market. Seize the chance to secure your financial future with this lucrative investment!
Last Agent to Sell the Property
Watson Realty Brokerage Phone: 661-617-0074 License #01975384 Listed on: 05/28/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 0.81 Acre Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Slab Foundation
Interior Spaces
- 9,512 Sq Ft Home
- 1-Story Property
- Tile Flooring
- Tile Countertops
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Washer and Electric Dryer Hookup
Additional Features
- Exterior Lighting
- Evaporated cooling system
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 9
- Assessor Parcel Number 16814106009
- $66,931 per year additional tax assessments
Community Details
Overview
- 13 Buildings
- 18 Units
Building Details
- Rent Control
- 18 Separate Electric Meters
- 18 Separate Gas Meters
- Insurance Expense $6,000
- Professional Management Expense $8,550
- Trash Expense $4,116
- Water Sewer Expense $6,000
- Operating Expense $65,527
- Gross Income $180,240
- Net Operating Income $102,060
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $1,368,000 | -13.7% | $144 / Sq Ft |
| 07/09/2024 07/09/24 | Price Changed | $1,585,000 | -3.4% | $167 / Sq Ft |
| 05/28/2024 05/28/24 | For Sale | $1,640,000 | -- | $172 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $16,619 | $1,368,000 | $285,000 | $1,083,000 |
| 2024 | $16,619 | $918,000 | $178,500 | $739,500 |
| 2023 | $9,655 | $345,811 | $66,931 | $278,880 |
| 2022 | $9,466 | $352,735 | $109,468 | $243,267 |
| 2021 | $8,560 | $345,820 | $107,322 | $238,498 |
| 2020 | $8,560 | $342,275 | $106,222 | $236,053 |
| 2019 | $8,149 | $342,275 | $106,222 | $236,053 |
| 2018 | $8,047 | $328,987 | $102,099 | $226,888 |
| 2017 | $8,034 | $322,538 | $100,098 | $222,440 |
| 2016 | $7,772 | $316,215 | $98,136 | $218,079 |
| 2015 | $7,561 | $311,466 | $96,662 | $214,804 |
| 2014 | $7,376 | $305,366 | $94,769 | $210,597 |
Source: Public Records
Agents Affiliated with this Home
-
Esteban Contreras
-
Eric Van Denk
Buyer's Agent in 2024
Eric Van Denk
Central Valley Property Advisors
(419) 206-7117
4 in this area
257 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MD24107749
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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