328 N Helena · Ridgecrest, CA 93555

$174,900

4 bd · 2.0 ba · 1,261 sqft · SingleFamily public records · 83 Days on market

Built 1953 7,841 sqft lot $139/sqft · 6% below area Est $185k · 6% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +20.9/30.0
• ARV discount +10.1/15.0
• DSCR +6.6/10.0
• 1% rule +4.3/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity with basement, detached garage/shop, and clear value-add potential. This 3-bedroom, 2-bath home offers a workable layout, tile flooring through much of the interior, spacious living areas, exposed beam ceilings in several rooms, a functional kitchen footprint with solid cabinet storage, and bath updates already underway. The basement adds useful storage or work space, while the detached structure creates added flexibility for tools, materials, parking, or shop use. Interior improvements have been started, giving the next owner a head start on cleanup, finish work, and repositioning. This property fits a flip, rental hold, or rehab play for a buyer who knows how to force equity through smart improvements and sharper presentation. Front and rear yard areas offer room for cleanup and stronger curb appeal over time. Sold as-is. Buyer to verify all square footage, permits, condition, utility connections, basement use, detached improvements, and intended use. Strong upside for the buyer who sees the path and acts on it. Priced right, this is the kind of property that can reward disciplined investors looking for margin, usable space, and a clear plan to improve value.

Key facts

• Bath updates
• Tile flooring
• Detached garage

Tags

• DETACHED GARAGE
• TILE FLOORING
• EXPOSED BEAM CEILINGS
• FUNCTIONAL KITCHEN FOOTPRINT
• SOLID CABINET STORAGE
• BATH UPDATES

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $242 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (6.6% below list).
• Recommended offer: $163k (6.6% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 4.0% in Ridgecrest — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#243 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: schools C-, amenities D+, cost of living D+.
• Sierra Sands Unified (town): math 25% / reading 39% proficiency, ranked #294 of 517 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 328 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $163,411 (6.6% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 7.95%
• Cash-on-cash: 5.92%
• DSCR: 1.26
• GRM: 8.9

CMA / ARV

• ARV (median comp): $185,420
• List price: $174,900
• Delta: -5.67%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
221 N Florence St	0.24mi	3/2.0 (-1)	1,239 (-2%)	2mo	$200,000	$161	79
225 N Alvord St	0.17mi	3/2.0 (-1)	1,210 (-4%)	4mo	$227,250	$188	77
253 W French Ave	0.21mi	3/1.0 (-1)	1,255 (-0%)	10mo	$205,700	$164	72
333 Peg St	0.22mi	3/2.0 (-1)	1,296 (+3%)	12mo	$249,900	$193	70
309 N Norma St	0.17mi	3/2.0 (-1)	1,232 (-2%)	19mo	$175,000	$142	68
309 Mari Ct	0.28mi	3/2.0 (-1)	1,154 (-8%)	5mo	$224,900	$195	63
317 N Balsam St	0.28mi	3/2.0 (-1)	1,232 (-2%)	18mo	$179,500	$146	63
328 N Warner St	0.12mi	3/1.0 (-1)	1,388 (+10%)	9mo	$169,000	$122	61
333 Traci Ln	0.38mi	3/1.5 (-1)	1,154 (-8%)	6mo	$245,000	$212	56
613 Mary Ann Ave	0.37mi	3/2.0 (-1)	1,415 (+12%)	6mo	$275,000	$194	52
205 Sierra Vista St	0.39mi	3/2.0 (-1)	1,120 (-11%)	9mo	$214,500	$192	51
209 S Gold Canyon St	0.73mi	3/2.0 (-1)	1,327 (+5%)	13mo	$230,000	$173	42

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.75×
• Total profit: $-12,057
• Equity at exit: $26,078

10-year hold

• IRR: 3.6%
• Equity multiple: 1.27×
• Total profit: $13,013
• Equity at exit: $15,122

Cash invested: $48,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 93555

• Home prices YoY: -24.0%
• Rents YoY: 3.6%
• Active inventory: 328
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,634 high
• Mortgage (P&I): −$917
• Tax from tax record: −$59 /mo · $709/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $242

Break-even live

Break-even rent $1,328

Max offer price $174,900

Occupancy floor 80%

Sensitivity live

Price	-10% $341	-5% $291	+0% $242	+5% $192	+10% $143
Rent	-10% $113	-5% $177	+0% $242	+5% $306	+10% $371
Rate	-1.0pp $330	-0.5pp $286	base $242	+0.5pp $196	+1.0pp $150

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
332 N Alvord St Unit 332 Ridgecrest, CA	3.0	2.0	1100	$1,100	$1.00	44d	1	0.06mi
225 N Helena St Ridgecrest, CA	3.0	2.0	1527	$1,750	$1.15	3d	1	0.15mi
401 N Norma St Ridgecrest, CA	3.0	2.0	1360	$1,500	$1.10	3d	1	0.19mi
419 Jean Ave Ridgecrest, CA	3.0	2.0	1583	$1,585	$1.00	3d	1	0.28mi
219 W Robertson Rd Ridgecrest, CA	3.0	1.0	955	$1,200	$1.26	19d	1	0.66mi
117 S Silver Ridge St Ridgecrest, CA	3.0	2.0	1144	$1,500	$1.31	44d	1	0.68mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	3d	1	0.68mi
401 Oasis Dr Ridgecrest, CA	2.0–4.0	1.0–2.0	982	$1,495	$1.52	3d	7	0.70mi
201 W Drummond Ave Ridgecrest, CA	3.0	2.0	1190	$1,150	$0.97	3d	1	0.70mi
238 N Gold Canyon St Unit C537A Ridgecrest, CA	3.0	1.0	1030	$1,445	$1.40	3d	1	0.71mi
740 W Church Ave Ridgecrest, CA	4.0	2.0	1500	$1,800	$1.20	19d	1	0.75mi
412 Palm Dr Ridgecrest, CA	3.0	1.0	1014	$1,250	$1.23	21d	1	0.77mi
401 Cisco St Unit R416A Ridgecrest, CA	3.0	1.0	1017	$818	$0.80	3d	1	0.87mi
401 Cisco St Unit C405A Ridgecrest, CA	3.0	1.0	1017	$940	$0.92	3d	1	0.88mi
1019 Peg St Ridgecrest, CA	4.0	2.0	1458	$1,800	$1.23	3d	1	0.89mi
212 Washington Way Ridgecrest, CA	4.0	2.0	1785	$1,880	$1.05	3d	1	0.91mi
228 Yellowstone Pl Ridgecrest, CA	3.0	2.0	1871	$2,100	$1.12	3d	1	0.94mi
816 Capehart Ct Unit A Ridgecrest, CA	3.0	2.0	1147	$1,250	$1.09	44d	1	0.95mi
824 Capehart Ct Apt C Ridgecrest, CA	3.0	2.0	1147	$1,250	$1.09	3d	1	0.97mi
247 E Upjohn Ave Ridgecrest, CA	3.0	2.5	1305	$1,425	$1.09	3d	1	0.99mi
825 Capehart Ct Unit D Ridgecrest, CA	3.0	2.0	1147	$1,200	$1.05	3d	1	0.99mi
1128 Argus Ave Ridgecrest, CA	3.0	2.0	1346	$11,800	$8.77	44d	1	0.99mi
112 Rawhide Ln Ridgecrest, CA	3.0	2.0	1467	$1,650	$1.12	3d	1	1.01mi
1019 Scott St Ridgecrest, CA	3.0	2.0	1700	$3,400	$2.00	3d	1	1.02mi
1105 Rebecca Ave Ridgecrest, CA	4.0	2.0	1807	$2,400	$1.33	19d	1	1.04mi
442 S Desert Candles St Ridgecrest, CA	4.0	2.0	1753	$1,850	$1.06	45d	1	1.06mi
520 Silveridge St Ridgecrest, CA	3.0	2.0	1471	$2,000	$1.36	44d	1	1.07mi
528 S Sorrel St Ridgecrest, CA	4.0	2.0	1656	$1,850	$1.12	3d	1	1.12mi
320 Vista St Ridgecrest, CA	4.0	2.0	1556	$1,950	$1.25	44d	1	1.15mi
236 S American St Ridgecrest, CA	3.0	2.0	1407	$1,650	$1.17	44d	1	1.15mi
431 Jacobs Ct Ridgecrest, CA	3.0	2.0	1743	$1,850	$1.06	44d	1	1.16mi
528 Heatherglen Dr Ridgecrest, CA	3.0	2.0	1370	$1,725	$1.26	3d	1	1.17mi
418 Mount Baldy Cir Ridgecrest, CA	3.0	2.0	1497	$1,950	$1.30	3d	1	1.19mi
533 W Ward Ave Unit C Ridgecrest, CA	3.0	2.5	1295	$1,300	$1.00	19d	1	1.21mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	3d	1	1.22mi
629 Beth Ln Ridgecrest, CA	4.0	2.0	1629	$1,900	$1.17	19d	1	1.22mi
428 W Ward Ave Ridgecrest, CA	3.0	2.0	1498	$1,850	$1.23	3d	1	1.22mi
1127 N Mono Ct Ridgecrest, CA	3.0	2.0	1234	$1,900	$1.54	11d	1	1.26mi
121 N Gateway Blvd Ridgecrest, CA	2.0–3.0	1.5–2.5	1147	$1,399	$1.22	3d	4	1.26mi
932 Kinnett Ave Ridgecrest, CA	3.0	2.0	1236	$1,550	$1.25	3d	1	1.30mi

Listing history 28 events

1. 2026-06-18
   days on market $174,900 Active 83 DOM
2. 2026-06-17
   days on market $174,900 Active 82 DOM
3. 2026-06-16
   days on market $174,900 Active 81 DOM
4. 2026-06-15
   days on market $174,900 Active 80 DOM
5. 2026-06-14
   days on market $174,900 Active 78 DOM
6. 2026-06-13
   days on market $174,900 Active 77 DOM
7. 2026-06-10
   days on market $174,900 Active 75 DOM
8. 2026-06-09
   days on market $174,900 Active 74 DOM
9. 2026-06-08
   days on market $174,900 Active 73 DOM
10. 2026-06-07
    days on market $174,900 Active 72 DOM
11. 2026-06-05
    days on market $174,900 Active 69 DOM
12. 2026-06-03
    days on market $174,900 Active 68 DOM
13. 2026-06-03
    days on market $174,900 Active 67 DOM
14. 2026-06-01
    days on market $174,900 Active 66 DOM
15. 2026-05-31
    days on market $174,900 Active 65 DOM
16. 2026-03-27
    listed $174,900 Active 1200-char remark

    Show marketing remark (1200 chars)

    Investor opportunity with basement, detached garage/shop, and clear value-add potential. This 3-bedroom, 2-bath home offers a workable layout, tile flooring through much of the interior, spacious living areas, exposed beam ceilings in several rooms, a functional kitchen footprint with solid cabinet storage, and bath updates already underway. The basement adds useful storage or work space, while the detached structure creates added flexibility for tools, materials, parking, or shop use. Interior improvements have been started, giving the next owner a head start on cleanup, finish work, and repositioning. This property fits a flip, rental hold, or rehab play for a buyer who knows how to force equity through smart improvements and sharper presentation. Front and rear yard areas offer room for cleanup and stronger curb appeal over time. Sold as-is. Buyer to verify all square footage, permits, condition, utility connections, basement use, detached improvements, and intended use. Strong upside for the buyer who sees the path and acts on it. Priced right, this is the kind of property that can reward disciplined investors looking for margin, usable space, and a clear plan to improve value.

17. 2026-03-27
    listed $174,900 Active

    Show marketing remark (1200 chars)

    Investor opportunity with basement, detached garage/shop, and clear value-add potential. This 3-bedroom, 2-bath home offers a workable layout, tile flooring through much of the interior, spacious living areas, exposed beam ceilings in several rooms, a functional kitchen footprint with solid cabinet storage, and bath updates already underway. The basement adds useful storage or work space, while the detached structure creates added flexibility for tools, materials, parking, or shop use. Interior improvements have been started, giving the next owner a head start on cleanup, finish work, and repositioning. This property fits a flip, rental hold, or rehab play for a buyer who knows how to force equity through smart improvements and sharper presentation. Front and rear yard areas offer room for cleanup and stronger curb appeal over time. Sold as-is. Buyer to verify all square footage, permits, condition, utility connections, basement use, detached improvements, and intended use. Strong upside for the buyer who sees the path and acts on it. Priced right, this is the kind of property that can reward disciplined investors looking for margin, usable space, and a clear plan to improve value.

18. 2026-03-26
    listed $174,900 Active
19. 2025-09-15
    historical
20. 2025-04-24
    price $105,000
21. 2025-04-23
    price $105,000
22. 2025-01-24
    status Active
23. 2024-10-07
    status Pending Sale
24. 2024-07-02
    listed $130,000 Active
25. 2022-04-28
    historical
26. 2022-03-08
    status Active
27. 2022-02-28
    status Pending Sale
28. 2022-02-09
    listed $100,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $709 · $59/mo
• Projected year-2 tax: $1,329 · $111/mo
• Expected delta: +$620/yr (+$52/mo · 87.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,609
• − Mortgage interest: −$9,797
• − Property taxes: −$709
• − Insurance: −$874
• − Repairs & maintenance: −$1,569
• − Management: −$1,569
• − Depreciation: −$5,088
• Taxable income: $3
• Est. tax owed @ 24.0%: −$1
• After-tax cash flow: $2,901/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sierra Sands Unified
• NCES district ID: 0636800
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 39% ▼ -11.00%
• Median HH income: $58,937
• Composite: 28.66/100
• National rank: #6699
• State rank: #294 of 517 in CA

Livability — Ridgecrest

• Score: 70/100
• State rank: #243
• US rank: #8014

Category grades

Amenities D+ Commute A+ Cost of living D+ Crime F Employment B- Housing A+ Health & safety F User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, CA
• County: Kern County · 710,371 people
• City population: 33,845
• Metro: Bakersfield, CA
• Population (ZIP): 33,845
• Household income: $86,700
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 975.0

Population outlook (Kern County) Hauer SSP2

• Today (2025): 947,286 people
• By 2030: 978,984 · +3.3%
• By 2040: 1,045,018 · +10.3%
• By 2050: 1,105,232 · +16.7%
• By 2075: 1,229,538 · +29.8%
• By 2100: 1,238,059 · +30.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 20% Two or more races 12% Black 4% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Kern

• 2024 margin: Strong R (+21.1) · D 38.2% · R 59.3% · Other 2.5%
• 2008→2024 swing: -3.3pp toward R · 2008: -17.8pp · 2024: -21.1pp
• All cycles: 2024: R+21.1 2020: R+10.2 2016: R+15.0 2012: R+20.9 2008: R+17.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -120.17%
• Current HPI: 380.5208
• Rent YoY: ▲ 3.58%
• Metro: Bakersfield, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+74.9% since first listed

13 events — show timeline

• 2026-03-27 Listed $174,900 CRMLS
• 2026-03-27 Listed $174,900 AVMLS
• 2026-03-26 Listed $174,900 SSMLS
• 2025-09-15 Listing Removed — CRMLS
• 2025-04-24 Price Changed $105,000 AVMLS
• 2025-04-23 Price Changed $105,000 CRMLS
• 2025-01-24 Relisted — CRMLS
• 2024-10-07 Pending — CRMLS
• 2024-07-02 Listed $130,000 CRMLS
• 2022-04-28 Listing Removed — CRMLS
• 2022-03-08 Relisted — CRMLS
• 2022-02-28 Pending — CRMLS
• 2022-02-09 Listed $100,000 CRMLS

Property tax history

+4.6%/yr

Latest (2025): $709 · +2.5% YoY. Source: county tax records.