930-940 Sterling Road

Closed 7/15/13
Closed 7/15/13
View from Street
Sold
Last Sold Price
$2,800
4,500 sqft$1/sqft
930-940 Sterling Rd, Bakersfield, CA 93306
Multi FamilyProperty Type
0.55 acresLot Size
$1/sq ftPrice per sq ft

Description

REO Property: 6 individual houses with private fenced in lots, on One Lot, all recently renovated, fumigated for termites and just listed for leases. 2 are already rented. Should generate easily and conservatively $3,600/month in gross rents. The combination is 1x3BR+1BA, 3x2BR+1BA and 2x1BR+1BA. The 1BR house was just rented for $550 under section 8. 2 are already rented signs are up at property for renting. There is also an adjacent 16,000 sqft lot that can also be had for future development. Even...REO Property: 6 individual houses with private fenced in lots, on One Lot, all recently renovated, fumigated for termites and just listed for leases. 2 are already rented. Should generate easily and conservatively $3,600/month in gross rents. The combination is 1x3BR+1BA, 3x2BR+1BA and 2x1BR+1BA. The 1BR house was just rented for $550 under section 8. 2 are already rented signs are up at property for renting. There is also an adjacent 16,000 sqft lot that can also be had for future development. Even at full asking price of $275,000, that's only 5.7 GRM and over 12% Cap after expenses. Hurry while it's available.
  • Listed by: Paul Yalnezian DRE #01078183 • Right Home
Listing closed: 07/15/2013 12:00 AM • Source: CRMLS, MLS#: 12176400

Recent comparable sales

Median sold price

$460,000

Avg days on market

63

Sale-to-list ratio

90.5%

Bakersfield, CA

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Property Information for 930-940 Sterling Road

Property Details
  • MLS Type: Residential Income
  • County: Kern County
  • Architectural Style: Cottage
  • Parking Spaces Total: 0
  • Private Pool: No
  • Total Units: 6.0
  • Lot Size Source: Public Records
  • Lot Size Dimensions: 82x297
  • Living Area: 4500
  • Assessor Parcel Number: 13516119003
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Average Studio Area: 0
  • Average 1 Bed Area: 0
  • Average 2 Bed Area: 0
  • Average 3 Bed Area: 0
  • Building Area Total: 4500
  • Stories Total: 0
  • Fireplace: No
  • Pool: No
  • Spa: No
  • View: No
  • View: No
  • Association: No
  • Parcel Number: 13516119003
  • Area: Bakersfield (BKSF)
  • Directions: Cross Streets: Niles St. 3 Blocks North & Edison Hwy about 5 Bloc
Building Information
  • Lot Size: 0.55 AC / 24,175 SF
Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $50,000
  • Gross Spendable Income: $0
  • Gross Equity: $0
  • Vacancy Allowance: 0
  • Vacancy Allowance Rate: 0
  • Gross Operating Income: $0
  • Net Operating Income: $0
  • Number Of Rented Garages: 0
  • Garage Income: $0
  • Laundry Income: $0
  • Other Income 1: $0
  • Other Income 2: $0
  • Gross Multiplier: 0.0
  • Cap Rate: 0.0
  • Sold Cap Rate: 0.0
  • Financing: Cash, Cash To New Loan, Other
Expense Details
  • Operating Expense: $7,000
  • Operating Expense Percent: .00%
  • New Taxes Expense: $0
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Supplies Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Rate: 0.0
  • Tax Annual Amount: $0
Community / Development
Community / Development
  • Assessments YN: No
Property / Structure Info
Green Info
  • Walk Score: 0
Land/Lot Info
  • Number Of Units: 6
  • Land Lease Amount: $0
  • Land Lease Expiration Year: 0
  • Land Value: $.00
  • Levels: One
  • Water: Water District
  • Sewer: Sewer Paid
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Open Other Spaces Total: 0
  • Carport Spaces: 0
  • Covered Parking: 0
  • Parking Features: Driveway
Property / Structure Info
  • Personal Property Amount: $.00
  • Personal Property Percent: .00%
Unit Information
Unit 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 10
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 11
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 12
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 13
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit 8
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 4
Unit 9
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 5
Unit 10
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 6
Unit 11
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 7
Unit 12
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 8
Unit 13
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 0
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 0
  • Number Of Buildings: 6
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 0
  • Number With Dishwasher: 0
  • Number With Range: 0
  • Number With Refrigerator: 0
  • Number With Carpet: 0
  • Number With Disposal: 0
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 0

Property History for 930-940 Sterling Road

DateEvent & SourcePriceAppreciation
Jul 15, 2013

Sold

CRMLS #12176400

$2,800—
Jul 15, 2013

Sold

CLAW #12176400IT

$2,800—
Jul 15, 2013

Pending

CRMLS #12176400

—
DateEvent & SourcePrice
07/15/2013

Sold

CRMLS #12176400

$2,800
07/15/2013

Sold

CLAW #12176400IT

$2,800
07/15/2013

Pending

CRMLS #12176400

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 930-940 Sterling Road

This home is within Kern Union High School District.
Rating
School
Type
Grades
Distance
Pioneer Drive Elementary School
Public - K to 6
Sierra Middle School
Public - 6 to 8
Foothill High School
Public - 9 to 12
Del Oro High
Public - 9 to 12
Rating
School
Distance
Pioneer Drive Elementary School
PublicK to 6

Sierra Middle School
Public6 to 8

Foothill High School
Public9 to 12

Del Oro High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 930-940 Sterling Road, Bakersfield, CA 93306
$2,800
–
–
4,500
24,175
930 Sterling Road, Bakersfield, CA 93306
$330,000
–
–
848
24,175
920 Sterling Road, Bakersfield, CA 93306
$145,000
–
–
3,154
24,239
3425 Culver Street, Bakersfield, CA 93306
$137,000
4
2
1,420
7,720
919 Janice Drive, Bakersfield, CA 93306
$145,000
–
1
3,154
24,239
921 Sterling Road, Bakersfield, CA 93306
–
1
1
520
9,243

Explore Nearby Homes

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Listing Courtesy of Right Home

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.