Seller represented by:
Peter Peralta with Watson Realty ERA

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

900 Terrace Way Bakersfield, CA 93304
  • Sold
  • Multi Family · 18 Units

900 Terrace Way Bakersfield, CA 93304 Get directions

$1,550,000 $101/Sq. ft.
15,360 Sq. ft. 58,806 Sq. ft. Lot
  • Age 53 Years
  • MLS# 21903191
  • Listed 11 Months 15 Days Ago

Overview

Attention all investors! Highly desirable multi-unit property features 18 units with 4 total buildings, fully occupied at the time of listing, this property has a very strong financial history with stable tenants and there is some upside potential. 17 units are 2 bed/1 bath, and 1 unit is a 3 bed/1 bath. The 2 bedroom units are currently generating $700 and the 3 Bedroom rents for $775, Laundry facility generates an estimated $850 per month; Annual Gross income is estimated at $162, 000 including laundry. There is a community pool on the premises, ample parking space, and a coin laundry facility.

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

Features

Bathrooms

  • Total Bathrooms: 1 / 1

Heating and Cooling

  • Cooling Features: Central AC
  • Heating Features: Heat & Cool: , Heat & Cool:

Land Info

  • Lot Dimensions Source: SqFt
  • Lot Size Acres: 1.35
  • Lot Size Source: (GIS (approx.))
  • Lot Size Square Feet: 58611

Garage and Parking

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

School Information

  • Elementary School: Wayside
  • High School: West
  • Middle School: Sequoia

Multi-Unit Info

  • Number of Units: 18
  • Number of 1 Bedroom Units: 2
  • Bedrooms in Unit-2: 3
  • Total Bathrooms in Unit-1: 1
  • Total Bathrooms in Unit-2: 1

Homeowners Association

  • Association Name: Bakersfield Multiple Listing System

Rental Info

  • Number of Units Vacant: 0

Other Property Info

  • Source Listing Status: Sold
  • County: Kern
  • Cross Street: S P St
  • Cap Rate: 0.06
  • Disclaimer: Data is Copyright 2020 BAOR INFORMATION DEEMED RELIABLE, BUT NOT VERIFIED OR GUARANTEED.
  • Source Property Type: Residential Income
  • Area: 51
  • Source Neighborhood: 51
  • Parcel Number: 01108407
  • Zoning: R3
  • Property Subtype: 11 Plus
  • Source System Name: C2C

Building and Construction

  • Total Square Feet Living: 15360.00
  • Year Built: 1968
  • Building Exterior Type: Stucco
  • Foundation Details: Slab
  • Property Age: 52
  • Roof: Composition
  • Levels or Stories: 2
  • Structure Type: Residential Income

Utilities

  • Sewer: Sewer, Pubilc Water

Nearby Schools

Rating School Grades Distance
3 Wayside Elementary School K-5 0.8 mi
4 Sequoia Middle School 6-8 0.3 mi
4 West High School 9-12 2.7 mi
NA Agapeland Christian Academy Private School K-3 0.7 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 900 Terrace Way

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2019-10-09 Sold - - Bakersfield
2019-03-21 Listed $1,650,000 $107 Bakersfield
2018-04-17 Listing removed $1,599,900 $104 CRMLS
2018-01-15 Price Changed $1,599,900 $104 CRMLS
2017-12-19 Price Changed $1,699,000 $110 CRMLS
2017-10-03 Listed $1,799,000 $117 CRMLS
2006-10-27 Sold - - Public Record
2005-08-31 Sold - - Public Record
2004-10-29 Sold - - Public Record
2001-10-10 Sold - - Public Record
1995-10-10 Sold - - Public Record
1991-06-28 Sold - - Public Record
1987-05-12 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.