Oleander 4 unit building perfect for savvy investor. Classic 1950s income property features a duplex and apartment. All unit's feature (3) 2-bedrooms and 1-bathroom with (1) 1-car garage. Color coating done ready for paint. Owner replaced main sewer line, gas line and water line to street in 2004. Front unit of Duplex building was replumbed 2017. Upstairs unit over garage replumbed 2017 and new electrical and panel 2000. All unit entry doors open out and have been replaced with more durable fiberglass doors 2017. Duplex unit's feature framed in porches. Back unit over garage has Bon Air A/C unit replaced 2000 which feeds to unit below. Duplex building has two Bon Air Evaporative coolers replaced 2019. Property is in a row of similar triplex properties close to church, school, eateries downtown and shopping. Big upside potential in rental income with unpermitted 4th unit.
Sold
$490,000
700 Pine St, Bakersfield, CA 93304
--beds
--baths
2,558sqft
Multi Family
Built in 1953
-- sqft lot
$511,300 Zestimate®
$192/sqft
$1,569 Estimated rent
Home value
$511,300
$481,000 - $547,000
$1,569/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Larry A. Moreland DRE #01185815 661-201-8820 lmorelandbroker@yahoo.com,
Larry Moreland Real Estate
Bought with:
Non-Member
Non-Member Office
Source: Bakersfield AOR,MLS#: 202402230
Facts & features
Interior
Interior area
- Total structure area: 2,558
- Total interior livable area: 2,558 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage, Open
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: One
Lot
- Size: 8,276 Square Feet
Details
- Parcel number: 00730119
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1953
Community & HOA
Community
- Subdivision: Chester Tract
Location
- Region: Bakersfield
Financial & listing details
- Price per square foot: $192/sqft
- Tax assessed value: $474,300
- Annual tax amount: $7,436
- Date on market: 3/8/2024
- Cumulative days on market: 57 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/14/2024 | Sold | $490,000-2%$192/sqft |
Source:  Bakersfield AOR #202402230 Report a problem | ||
| 5/4/2024 | Pending sale | $499,950$195/sqft |
Source: Bakersfield AOR #202402230 Report a problem | ||
| 4/19/2024 | Listed for sale | $499,950$195/sqft |
Source:  CRMLS #PI24047158 Report a problem | ||
| 4/3/2024 | Contingent | $499,950$195/sqft |
Source: CRMLS #PI24047158 Report a problem | ||
| 3/8/2024 | Listed for sale | $499,950+440.5%$195/sqft |
Source: Bakersfield AOR #202402230 Report a problem | ||
| 12/10/1999 | Sold | $92,500$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,436 +112.9% | $474,300 +240.4% |
| 2024 | $3,493 +2.7% | $139,355 +2% |
| 2023 | $3,401 +3.6% | $136,624 +2% |
| 2022 | $3,281 | $133,946 +2% |
| 2021 | -- | $131,321 +1% |
| 2020 | $2,907 +1.9% | $129,976 |
| 2019 | $2,852 +2% | $129,976 +4% |
| 2018 | $2,795 +0.9% | $124,931 +2% |
| 2017 | $2,771 +6.2% | $122,482 +2% |
| 2016 | $2,608 +1.1% | $120,081 +1.5% |
| 2015 | $2,580 +3.2% | $118,279 +2% |
| 2014 | $2,500 | $115,963 +0.5% |
| 2013 | -- | $115,440 +2% |
| 2012 | $2,533 +0.6% | $113,177 +2% |
| 2011 | $2,518 +1.9% | $110,959 +0.8% |
| 2010 | $2,471 +3.6% | $110,131 -0.2% |
| 2009 | $2,385 +4.4% | $110,393 +2% |
| 2008 | $2,284 +4.4% | $108,229 +2% |
| 2007 | $2,189 +6.3% | $106,108 +2% |
| 2006 | $2,059 -1.1% | $104,029 +2% |
| 2005 | $2,081 +0.9% | $101,991 |
| 2004 | $2,063 +4.5% | $101,991 +1.9% |
| 2003 | $1,974 | $100,123 +4% |
| 2002 | $1,974 -10.7% | $96,236 +2% |
| 2001 | $2,210 | $94,350 |
| 2000 | -- | $94,350 |
Find assessor info on the county website
Neighborhood: Oleander Sunset
Nearby homes
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Nearby schools
GreatSchools rating
- 3/10William Penn Elementary SchoolGrades: K-5Distance: 0.2 mi
- 2/10Emerson Middle SchoolGrades: 6-8Distance: 1.2 mi
- 5/10Bakersfield High SchoolGrades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Penn, William
- Middle: Curran
- High: Bakersfield
- District: Bakersfield City
Source: Bakersfield AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$511,300
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$511,300
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