NOT LISTED FOR SALE
2 Beds
1 Bath
4,370 Sq Ft
0.3 Acres

Last Sold July 08, 2020

Last sale price $425,000 $97 Per Sq Ft

25 Days on Market

About This Home

As of July 2020

Great money making opportunity with this well maintained 11 unit building located in the North of the River community. 6 - 1 bedroom / 1 bath units and 5 studio apartments. Rents range from $440 - $540. Additional $3,600 (estimated) in annual income is generated from onsite laundry. All units have newer window A/C units.

Last Agent to Sell the Property

Bill Redmond

Watson Realty License #01223840 Listed on: 05/14/2020

Co-Listed By

Dawn Borda

Watson Realty License #01298997

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 0.3 Acre Lot

Interior Spaces

  • 4,370 Sq Ft Home
  • 1-Story Property

Parking

  • 1 Car Garage
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 11403116

Community Details

Overview

  • 11 Units
  • Riverview Subdivision

Building Details

  • Gross Income $71,544
  • Net Operating Income $50,081

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1938
  • Building Stories: 1
  • Property Sub Type: 11 Plus
  • Co List Office Mls Id: 6105
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4370.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 11.00
  • Parking Features: Garage, Uncovered
  • Garages: 1

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater,Other

Lot Info

  • Lot Size Sq Ft: 12900.00
  • Parcel #: 11403116

Multi Family

  • Total Annual Expense: 21463.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 11
  • Annual Gross Income: 71544.00
  • Property Net Operating Income: 50081.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2020 07/08/20 Sold $425,000 -5.6% $97 / Sq Ft
06/08/2020 06/08/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $450,000 +21.6% $103 / Sq Ft
06/15/2015 06/15/15 Sold $370,000 -2.6% $470 / Sq Ft View Prior Sale
05/20/2015 05/20/15 For Sale $380,000 +484.6% $482 / Sq Ft
08/25/2014 08/25/14 Sold $65,000 +3.2% $82 / Sq Ft View Prior Sale
07/26/2014 07/26/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $63,000 -- $80 / 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 $18,601 $795,904 $80,651 $715,253
2024 $18,601 $780,299 $79,070 $701,229
2023 $17,909 $765,000 $77,520 $687,480
2022 $13,262 $433,500 $38,760 $394,740
2021 $12,423 $425,000 $38,000 $387,000
2020 $12,423 $406,604 $54,945 $351,659
2019 $11,461 $406,604 $54,945 $351,659
2018 $12,784 $390,816 $52,812 $338,004
2017 $12,316 $383,154 $51,777 $331,377
2016 $7,510 $375,642 $50,762 $324,880
2015 $5,711 $222,319 $26,847 $195,472
2014 -- $217,965 $26,322 $191,643
Source: Public Records

Agents Affiliated with this Home

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Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202004701

Bakersfield Association of REALTORS® / GEMLS

APN: 119-042-16