E
Seller's Agent in 2024
Esteban Contreras
Watson Realty
929 E Brundage Ln Bakersfield, CA 93307
Lakeview Neighborhood
1
Bed
1
Bath
9,512
Sq Ft
0.81
Acre Lot
Highlights
- 0.81 Acre Lot
- Tile Countertops
- 1-Story Property
- Evaporated cooling system
- Tile Flooring
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
Esteban Contreras
Watson Realty Brokerage Phone: 661-617-0074 License #01975384 Listed on: 05/28/2024
Last Buyer's Agent
Eric Van Denk
Central Valley Property Advisors License #02071696
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 35,091 Sq Ft 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 in unit
- 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
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
Listed on
May 28, 2024
Closed on
Jul 31, 2024
Sold by
Bought by
Seller's Agent
Esteban Contreras
Watson Realty
Buyer's Agent
Eric Van Denk
Central Valley Property Advisors
List Price
$1,640,000
Sold Price
$1,368,000
Premium/Discount to List
-$272,000
-16.59%
Views
81
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,368,000
Interest Rate
0.0689%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 10, 2023
Sold by
Bought by
Purchase Details
Closed on
Feb 24, 2014
Sold by
Bought by
Purchase Details
Closed on
Feb 24, 2010
Sold by
Bought by
Purchase Details
Closed on
May 19, 2004
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
$396,000
Interest Rate
0.0627%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Feb 11, 2003
Sold by
Bought by
Purchase Details
Closed on
Oct 29, 1999
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,368,000 | Ticor Title Company | ||
| $900,000 | Chicago Title | ||
| -- | None Available | ||
| $240,000 | None Available | ||
| $528,000 | Fidelity Title | ||
| $73,500 | Fidelity Title | ||
| -- | -- |
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 |
|---|---|---|---|
| Closed | $1,368,000 | ||
| Closed | $1,073,000 | ||
| Closed | $120,000 | ||
| Closed | $396,000 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2025 | $21,930 | $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
-
-
E
Buyer's Agent in 2024
Eric Van Denk
Central Valley Property Advisors
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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