Seller represented by:
Peter Peralta with Watson Realty ERA

Buyer represented by:
Non-member with Non-Member Office

237 Dr Martin Luther King Jr Blvd Bakersfield, CA 93307
  • Sold
  • Multi Family · 4 Units

237 Dr Martin Luther King Jr Blvd Bakersfield, CA 93307 Get directions

$285,000 $80/Sq. ft.
7 Beds 3,557 Sq. ft. 7,405 Sq. ft. Lot
  • Age 38 Years
  • MLS# 21811561
  • Listed 2 Years 5 Months 11 Days Ago

Overview

Attention Investors! This 4-plex features 2 units that are 3 bedrooms and 1.5 baths. Market rents are $800 per unit. 2 of the units are 2 bedrooms, 1 bath. Market rents are $700 per unit. Total market rents are $3, 000 per month and $36, 000 per year. Cap rate is above 7%. Current rents are below market and could be increased. This property is 100% occupied at the time of taking the listing.and currently is professionally managed. Seller is in the process of making some improvements including painting the exterior. Please call for more information.

  • Seller represented by:
  • REALTOR ® Peter Peralta with Watson Realty ERA
  • Buyer represented by:
  • REALTOR ® Non-member with Non-Member Office

Features

Bedrooms

  • Bedrooms: 7

Bathrooms

  • Total Bathrooms: 1 / 1 / 1

Heating and Cooling

  • Heating Features: Heat & Cool: Other, Heat & Cool: Other

Land Info

  • Lot Dimensions Source: SqFt
  • Lot Size Acres: 0.17
  • Lot Size Source: (GIS (approx.))
  • Lot Size Square Feet: 7535

Garage and Parking

  • Garage Description: 0.00 / Uncovered
  • Parking Features: Uncovered

Rental Info

  • Existing Lease Type: Net
  • Number of Units Vacant: 5

Multi-Unit Info

  • Number of Units: 4
  • Number of 1 Bedroom Units: 3
  • Bedrooms in Unit-2: 2
  • Bedrooms in Unit-3: 2
  • Total Bathrooms in Unit-1: 1
  • Total Bathrooms in Unit-2: 1
  • Total Bathrooms in Unit-3: 1

Homeowners Association

  • Association Name: Bakersfield Multiple Listing System

Other Property Info

  • Source Listing Status: Sold
  • County: Kern
  • Cross Street: Texas
  • Cap Rate: 0.07
  • Disclaimer: Data is Copyright 2019 BAOR INFORMATION DEEMED RELIABLE, BUT NOT VERIFIED OR GUARANTEED.
  • Source Property Type: Residential Income
  • Area: 41
  • Source Neighborhood: 41
  • Parcel Number: 01919116
  • Zoning: Unknown
  • Property Subtype: 4 Units
  • Source System Name: C2C

Building and Construction

  • Total Square Feet Living: 3557.00
  • Year Built: 1983
  • Building Exterior Type: Wood
  • Foundation Details: Slab
  • Property Age: 36
  • Roof: Composition
  • Levels or Stories: 2
  • Structure Type: Residential Income

Utilities

  • Sewer: Sewer, Pubilc Water

Nearby Schools

Rating School Grades Distance
3 Fremont Elementary School K-6 0.7 mi
4 Chipman Junior High School 7-8 3.9 mi
3 Mira Monte High School 9-12 3.3 mi
NA Private School for Higher Learning 6-6 0.9 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 237 Dr Martin Luther King Jr Blvd

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2019-01-23 Sold - - Bakersfield
2018-09-20 Listed $285,000 $80 Bakersfield
2015-07-21 Sold - - Public Record
1993-03-04 Sold - - Public Record
1989-11-13 Sold - - Public Record

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.