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Sold on 10/23/2020
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2003 Lester St, Bakersfield, CA 93304

$1,361,000

Last sold 10/23/2020 for $1.2M

  • —

    bed

  • —

    bath

  • 10,250

    Sqft ($117/Sqft)

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About 2003 Lester St

Property type House
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 0.93 Acre
Movoto estimate
Rental estimate
Property description
Wonderful turn key 17 unit property fully rented. Upside in rents, property is currently professionally managed and generates great cash flow. 11 units are 2 bedroom/1 bathroom - 5 units are 1 bedroom/1 bathroom and 1 studio. Total gross rents are $9,952 per month.
Listed by
Listing Agent - Seth E Johnson
Listing Agent Contact: 661-374-8093
Listing Office - Seth Johnson, Broker
Source: GEMLS mls logo
MLS#202002528 • last updated 5 years ago
Movoto checked GEMLS for data 7 minutes ago
Overview
Levels/Style 1
MLS # 202002528
SqFt 10250
SubType 11 Plus
Status Sold
Type Residential Income
Lot Size (SqFt) 40511
Year Built 1940
Exterior
Location
County Kern
Multifamily Details
Total # of Units 17
Vacancy Factor 3
Annual Net Income 67309.6
Cap Rate % 0.06
Annual Gross Income 111487.92
Total Annual Expense 44178.32
$1.36M
Range: $925K-$1.79M
Last 30 days 
Rental est.: $918/month
Gross rent multiplier: 108.9
  • Oct 2020
    mls logo MLS # 202002528
  • Oct 23, 2020 Sold
    $1,200,000
  • Apr 9, 2020 Pending
    —
  • Mar 6, 2020 Listed
    $1,200,000 (+77.8%)
  • Sep 2020
    Public Records
  • Sep 16, 2020 Sold
    $1,200,000
  • Jun 2019
    mls logo MLS # 21904801
  • Jun 27, 2019 Sold
    $675,000
  • Apr 24, 2019 Pending
    —
  • Apr 24, 2019 Listed
    $700,000
  • Jun 2019
    Public Records
  • Jun 27, 2019 Sold
    $675,000 (-3.6%)
  • Year Property taxes Tax assessment
  • 2024
    $24,644 +3.4%
    $1,298,916 +4.04%
  • 2023
    $23,841 +5.3%
    $1,248,479 +2.0%
  • 2022
    $22,639 +6.0%
    $1,224,000 +2.0%
  • 2021
    $21,349
    $1,200,000
  • 2020
    $21,349
    $1,200,000
  • 2003 Lester St
    $1.2M
  • Benton Park
    $309K 0% y/y
  • 93304
    $319K -1% y/y
  • Bakersfield
    $440K +2% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
2016 Lester St, Bakersfield, CA 93304 $258,000 3/1 1,185 0.03
2012 Lester St, Bakersfield, CA 93304 $259,000 3/2 1,342 0.03
630 S Oleander Ave, Bakersfield, CA 93304 $343,000 3/2 1,709 0.03
803 Caylor St, Bakersfield, CA 93304 $378,000 4/3 1,954 0.03
805 S Oleander Ave, Bakersfield, CA 93304 $232,000 3/2 1,130 0.03
2006 Lester St, Bakersfield, CA 93304 $265,000 2/1 1,234 0.04
809 S Oleander Ave, Bakersfield, CA 93304 $315,000 4/1 1,304 0.04
2100 Lester St, Bakersfield, CA 93304 $368,000 4/3 2,184 0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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4/10
Evergreen Elementary School
public Grades K-5
Bakersfield City School District
4/10
Curran Middle School
public Grades 6-8
Bakersfield City School District
4/10
West High School
public Grades 9-12
Kern Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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