2 months on rocket

116 Beardsley Ave, Bakersfield, CA, 93308

$1,650,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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116 Beardsley Ave, Bakersfield$1,650,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1969
MLS #GD24198522
Lot Size0.45 Acres
StatusActive

About 116 Beardsley Ave

This property offers an exceptional high cap rate of 8.6% and immediate opportunity to increase cash flow. Current rents are below market and poised for a 10% increase in 2025, with market rents reaching up to $1,375 per month, unlocking substantial revenue potential. Each unit comes with separate utility meters, making it easier to manage costs, while the roof-mounted AC units with central heating and air conditioning provide added convenience and energy efficiency. Most units have been updated in recent years. All units come with a parking, plus 2 guest parking spots; easily reline the lot to create even more parking spaces to increase tenant satisfaction and appeal. This is a rare opportunity for investors looking for a property with strong income growth, low operating costs, and increasing market demand. The laundry room is not being used; this can add more income if operated. The street is part of the city's beautifying project adding additional value for the years to come. Additionally, two new apartment buildings are planned in the area, boosting future demand and property value. Close to shopping and freeways, the building has a very high occupancy rate and quick turnover.

Property Details

Property Features

Property Information:

  • Year Built: 1969
  • Stories: 2

Listing Office:

  • Office Name: John Hart Real Estate
  • Office Email: Karinehaneyanjh@gmail.com
  • Listing Agent: Karine Haneyan

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.45 Acres

Other

Directions Information:

  • Directions: Take Chester Ave to Beardsley Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,650,000

Tax Information:

  • Annual Amount: $14,952
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Bakersfield, CA.

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Bakersfield, CA

City

Med. Sold Price

$382.5K

Med. Price/SqFt

$239

Avg. Days On Market

41

# of Sold Homes

68

116 Beardsley Ave vs Bakersfield

70 DAYS ON ROCKET

+29 Days

$1,650,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Bakersfield, CA.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #GD24198522

Listing Office:

  • Office Name: John Hart Real Estate
  • Office Email: Karinehaneyanjh@gmail.com
  • Listing Agent: Karine Haneyan

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 18, 2015Home Sold
$675,000
Dec 07, 2012Home Sold
$535,000
May 15, 2012Home Sold
$430,000
Sep 30, 2008Home Sold
$630,000
Mar 24, 2004Home Sold
$585,000
May 10, 2002Home Sold
$420,000

Tax History

YEARPROP. TAXASSESSMENT
2021$14,952$749,463
2020$14,256$741,779
2019$15,872$727,236
2018$15,263$712,977
2017$15,263$698,998

History based on county public records data.

Payment Calculator

$8,303

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,013

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4385807
2
/10

  • Stella Hills Elementary School

  • 3800 Jewett Ave

  • 0.92 miles

  • Public District Grades KG-6

school-card-donut-4385808
2
/10

  • Standard Elementary School

  • 115 E Minner Ave

  • 0.93 miles

  • Public District Grades KG-5

school-card-donut-4385809
3
/10

  • Beardsley Elementary School

  • 1001 Roberts Ln

  • 1.01 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,843. The majority of Bakersfield, CA residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 116 Beardsley Ave

What is the listing price of this property?

The listing price of 116 Beardsley Ave property is $1,650,000.

What type of property is this?

The property 116 Beardsley Ave is a condo located in Bakersfield, California, 93308.

Is this property for sale now?

Active Listing: 116 Beardsley Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $14,952 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 18, 2015 for $675,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 116 Beardsley Ave is 1969.

Rocket Homes›California›Kern County›Bakersfield›93308›116 Beardsley Ave

This home is located at 116 Beardsley Ave in Bakersfield, CA and zip code 93308 in the North Bakersfield neighborhood. This home, which was built in 1969, sits on a 0.45 acre lot. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $1,650,000.

While more than 14 listings in Bakersfield, CA in November 2024 were sold above asking price, there were more than 19 listings sold at asking price, and more than 35 were sold below. The number of homes for sale in Bakersfield, CA increased by 4.3% between October 2024 and November 2024. In November 2024 median list price was $382,500 and the average listing age was 41 days.

From Rocket Homes Real Estate and based on county public records data.

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