$1,498,000

Estimated payment $8,871/month

Total Views 28,894
-- Bed
-- Bath
3,996 Sq Ft
$375 Price per Sq Ft

About This Home

Motivated Seller!!! Excellent opportunity to invest in a multi-family property at 1406 Exposition Blvd. This four-unit building features spacious 3-bedroom, 1-bathroom apartments and is in superb condition. Located just a short distance from the prestigious University of Southern California (USC), this two-story property is situated in an Opportunity Zone. Built in 1963, the complex spans a total of 3,996 square feet on a 6,003-square-foot lot. The property boasts spacious floor plans. Each unit includes individually metered utilities, ensuring efficient utility management. Residents benefit from secure gated entry and dedicated single parking spaces, which are covered and gated for added security. Conveniently positioned minutes from USC and just off the Expo at Western Station, prime access to Downtown and Santa Monica. Making it an ideal location for tenants seeking convenience with public transportation.

Listing Agent

Jeff Bussman

Coldwell Banker Preferred,RLT License #1120306 Listed on: 10/24/2024

Coldwell Banker Preferred,RLT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,177

Year Built

  • Built in 1963

Lot Details

  • 6,003 Sq Ft Lot

Interior Spaces

  • 3,996 Sq Ft Home
  • 2-Story Property
  • Heated Floors

Parking

  • Carport
  • 4 Car Parking Spaces

Listing and Financial Details

  • Assessor Parcel Number 5036002022

Community Details

Overview

  • 4 Units
  • Denker Avenue Tract Subdivision

Building Details

  • Gross Income $144,000
  • Net Operating Income $115,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,177

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1963
  • Building Stories: 2
  • Deposit Amount Required: 15000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.1378
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3996.00

Exterior Features

  • Disclosures: Call Listing Agent, Probate

Garage/Parking

  • Parking: 4.00
  • Parking Features: Carport

Utilities

  • Heatcool: Floor/Wall Heater

Schools

  • High School: Other-Outlying
  • Middle Or Junior School: Other-Outlying

Lot Info

  • Zoning Description: LARDI5
  • Lot Size Sq Ft: 6003.00
  • Parcel #: 5036002022

Multi Family

  • Total Annual Expense: 29000.00
  • Vacancy Factor: 0.50
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 144000.00
  • Property Net Operating Income: 115000.00

MLS Schools

  • Elementary School: Other-Outlying

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $7,177 $542,396 $212,980 $329,416
2023 $7,046 $531,761 $208,804 $322,957
2022 $6,731 $521,335 $204,710 $316,625
2021 $6,624 $511,114 $200,697 $310,417
2019 $6,431 $495,957 $194,746 $301,211
2018 $6,326 $486,233 $190,928 $295,305
2016 $6,015 $467,354 $183,515 $283,839
2015 $5,931 $460,335 $180,759 $279,576
2014 $5,975 $451,319 $177,219 $274,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2025 04/02/25 Price Changed $1,498,000 -4.9% $375 / Sq Ft
03/04/2025 03/04/25 Price Changed $1,575,000 -4.5% $394 / Sq Ft
12/30/2024 12/30/24 Price Changed $1,650,000 -8.3% $413 / Sq Ft
11/25/2024 11/25/24 Price Changed $1,799,888 -2.7% $450 / Sq Ft
10/24/2024 10/24/24 For Sale $1,850,000 -- $463 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $250,000 Fidelity National Title Co L
Grant Deed $382,000 United Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 Unknown
Open $535,000 Unknown
Closed $435,050 Unknown
Previous Owner $237,500 Purchase Money Mortgage
Previous Owner $286,500 No Value Available
Previous Owner $213,750 Unknown
Closed $95,500 No Value Available
Source: Public Records

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Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202410993

Bakersfield Association of REALTORS® / GEMLS

APN: 5036-002-022