$8,016 Closing Credit¹
#202502063, Esteban Contreras, Listing Office: Watson Realty
$659,000 List price
404 Covey Ave Bakersfield, CA 93308
$7,826
Closing credit¹
Multi-Family
Property details
About 404 Covey Ave
Price adjusted! 3 unit property newly built in Fall 2024, with LOW LOW expenses. NO RENT CONTROL !...as per state law exemption. Each unit is a detached dwelling with 3 bedrooms/1.5 bathrooms renting from $1550-1700, all on 1-year leases, with their own laundry room and dedicated parking for 2 cars next to their home. Solid tenants on leases. Tile roofs. PAID solar means tenants get power credit and very low electric bills. Tenants PAY WATER. Granite countertops, central island, and built-in MW, stove, DW in kitchen. Builder used DURABLE materials for LOW maintenance. Faux wood ceramic tile flooring throughout. IMAGINE having almost no repairs/maintenance calls for years to come. IMAGINE tenants that will never leave because they have a beautifully finished home with everything brand new, and have tiny electric bill and tiny water bill ($36/mth fixed rate!!) IMAGINE 6.1% cap rate on almost brand-new building: 404 Covey Ave will be the best property in your portfolio.
Highlights
Home typeTriplex
HeatingCentral
StatusActive
CoolingCentral Air
Year built2024
MLS #202502977
Summary
- Heating: Central
- Cooling: Central Air
- List Price: $659,000
- Annual Tax Amount: $1,800
- Tax Year: 2024
- Year Built: 2024
- Stories: 1
- MLS Number: 202502977
- MLS Name: Bakersfield
- Office Name: Keller Williams Realty
- Office Email: phil@jordanapartmentguys.com
- Listing Agent: Phil M Jordan
Based on information from Golden Empire MLS, Inc. 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. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Bakersfield Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 12:45:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$659,000
404 Covey Ave
$7,826
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 20, 2023 | Home Sold | $15,000 |
| Jun 02, 2006 | Home Sold | $107,500 |
| Dec 21, 2004 | Home Sold | $70,100 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $68,000 | $1,800 |
| 2023 | $60,000 | $731 |
| 2022 | $42,000 | $522 |
| 2021 | $42,000 | $532 |
| 2020 | $42,000 | $529 |
| 2019 | $42,000 | $509 |
| 2018 | $40,000 | $463 |
| 2017 | $36,000 | $463 |
History based on county public records data.
Nearby schools
3
Beardsley Elementary School
Public District KG-6
0.3 mi
•1001 Roberts Ln
3
North Beardsley Elementary School
Public District KG-6
0.6 mi
•900 Sanford Dr
4
Wingland Elementary School
Public District KG-5
1.1 mi
•701 Douglas St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $29,091. Residents of Bakersfield, CA typically earn less than $<35k each year. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
67%
<35k
30%
35k-100k
3%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
50%
Single, No Kids
23%
Single, with Kids
14%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
38%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Boston Market
Little Caesars
What do the neighbors drive?
Kia
Honda
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Rock
All data provided by Home Junction and Claritas
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This home is located at 404 Covey Ave in Bakersfield, CA and zip code 93308 in the North Bakersfield neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $659,000.
In April 2025 more than 120 listings in Bakersfield, CA were sold above the asking price. During the same period more than 120 listings were sold at asking price, while more than 152 were sold below. Between March and April 2025, Bakersfield, CA real estate market has seen increase in the number of listings by 7.7%. In April 2025, listings were on the market for 46 days. During the same period, the median list price in this real estate market was $389,458.
From Rocket Homes Real Estate and based on county public records data.