407 E St · Taft Heights, CA 93268

$228,000

3 bd · 2.0 ba · 1,441 sqft · MultiFamily public records · 66 Days on market

Built 1925 5,249 sqft lot Est $210k · 8% over

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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 +26.3/30.0
• DSCR +8.9/10.0
• 1% rule +7.5/10.0
• Rent growth +5.0/5.0
• ARV discount +3.7/15.0
• Schools +3.1/10.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Great opportunity for investors or multi-generational living! This versatile property features a front home with 3 bedrooms and 1.75 baths, offering a functional floor plan, spacious living area, and abundant natural light. The rear structure includes 2 bonus rooms and 1 full bath, providing flexible space for extended family, guests, home office, or creative use (buyer to verify permitted uses). Situated on a generously sized, gated lot with private yard space, additional storage potential, and room to expand. With a little TLC, this property offers excellent value-add potential and long-term upside. Conveniently located near schools, shopping, dining, and easy freeway access. Don't miss this unique opportunity with endless possibilities!

Key facts

• Bonus rooms
• Private yard space
• Room to expand

Tags

• BONUS ROOMS
• PRIVATE YARD SPACE
• ADDITIONAL STORAGE POTENTIAL
• ROOM TO EXPAND

Property features AI

Finance

• Other: Single residential unit; Lot described as 0-1 unit/acre (per assessor)
• HOA & community: Suburban community

Exterior

• Parking: 1 garage space; 1 total parking space
• Utilities: Public sewer; District/public water
• Home design: House; Single story; Entry on level 1
• Construction: Year built (per assessor); No common walls
• Exterior features: Front yard; No pool

Interior

• Bedrooms: 3 bedrooms on the main level
• Bathrooms: 2 full bathrooms; 1 three-quarter bathroom
• Heating & cooling: Central furnace heating; Central cooling
• Interior features: Front entry; One-level home; Has a view
• Laundry & utility: Laundry inside the home

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath multifamily listed at $228k.

Deal economics

• At list price, monthly cash flow is $587 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $228k).
• Recommended offer: $214k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 51/100 on livability (#1,063 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime B; Watch: schools F, amenities F, commute F.
• Taft City (town): math 28% / reading 39% proficiency, ranked #946 of 1,400 in CA (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+13.6%/yr); 122 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• At $2,854/mo this rent would consume 59% of the median local household income ($58k/yr) (locally 819% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $64k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($214k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 28y 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.
• Current owner paid $190k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 1→2/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $214,320 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.25% ✓
• Cap rate: 9.38%
• Cash-on-cash: 11.04%
• DSCR: 1.49
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $210,386
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
719 B St	0.47mi	4/3.0 (+1)	1,368 (-5%)	15mo	$199,999	$146	48

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.9%
• Equity multiple: 1.24×
• Total profit: $15,637
• Equity at exit: $33,996

10-year hold

• IRR: 19.6%
• Equity multiple: 3.05×
• Total profit: $130,828
• Equity at exit: $19,713

Cash invested: $63,840 (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 93268

• Home prices YoY: -29.6%
• Rents YoY: 13.6%
• Active inventory: 122
• Price-to-rent: 15.8×

Monthly cashflow live

• Estimated rent: $2,854 medium
• Mortgage (P&I): −$1,196
• Tax from tax record: −$377 /mo · $4,521/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$599
• Net cashflow: $587

Break-even live

Break-even rent $2,111

Max offer price $228,000

Occupancy floor 74%

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	1.75	$1,204
▸ 2× units	0	1	$1,650
Total (3 units)			$2,854

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: $57,000
• Closing costs: $6,840
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
620 Graydon Ave Taft, CA	3.0	2.0	1223	$2,475	$2.02	2d	1	0.53mi
553 Front St Taft, CA	2.0	1.0	943	$1,575	$1.67	2d	1	0.57mi
522 Center St Unit D Taft, CA	3.0	1.0	1047	$1,325	$1.27	20d	1	0.81mi
209 W Ash St Apt D Taft, CA	2.0	1.5	1044	$1,100	$1.05	2d	1	1.24mi

Listing history 42 events

1. 2026-06-18
   days on market $228,000 Active 66 DOM
2. 2026-06-17
   days on market $228,000 Active 65 DOM
3. 2026-06-16
   days on market $228,000 Active 64 DOM
4. 2026-06-15
   days on market $228,000 Active 63 DOM
5. 2026-06-14
   days on market $228,000 Active 61 DOM
6. 2026-06-13
   days on market $228,000 Active 60 DOM
7. 2026-06-10
   days on market $228,000 Active 58 DOM
8. 2026-06-09
   days on market $228,000 Active 57 DOM
9. 2026-06-08
   days on market $228,000 Active 56 DOM
10. 2026-06-07
    days on market $228,000 Active 55 DOM
11. 2026-06-05
    days on market $228,000 Active 52 DOM
12. 2026-06-03
    days on market $228,000 Active 51 DOM
13. 2026-06-03
    days on market $228,000 Active 50 DOM
14. 2026-06-01
    days on market $228,000 Active 49 DOM
15. 2026-05-31
    days on market $228,000 Active 48 DOM
16. 2026-05-15
    price $228,000

    Show marketing remark (749 chars)

    Great opportunity for investors or multi-generational living! This versatile property features a front home with 3 bedrooms and 1.75 baths, offering a functional floor plan, spacious living area, and abundant natural light. The rear structure includes 2 bonus rooms and 1 full bath, providing flexible space for extended family, guests, home office, or creative use (buyer to verify permitted uses). Situated on a generously sized, gated lot with private yard space, additional storage potential, and room to expand. With a little TLC, this property offers excellent value-add potential and long-term upside. Conveniently located near schools, shopping, dining, and easy freeway access. Don't miss this unique opportunity with endless possibilities!

17. 2026-05-15
    price $228,000 749-char remark

    Show marketing remark (749 chars)

    Great opportunity for investors or multi-generational living! This versatile property features a front home with 3 bedrooms and 1.75 baths, offering a functional floor plan, spacious living area, and abundant natural light. The rear structure includes 2 bonus rooms and 1 full bath, providing flexible space for extended family, guests, home office, or creative use (buyer to verify permitted uses). Situated on a generously sized, gated lot with private yard space, additional storage potential, and room to expand. With a little TLC, this property offers excellent value-add potential and long-term upside. Conveniently located near schools, shopping, dining, and easy freeway access. Don't miss this unique opportunity with endless possibilities!

18. 2026-04-13
    listed $234,900 Active 749-char remark

    Show marketing remark (749 chars)

    Great opportunity for investors or multi-generational living! This versatile property features a front home with 3 bedrooms and 1.75 baths, offering a functional floor plan, spacious living area, and abundant natural light. The rear structure includes 2 bonus rooms and 1 full bath, providing flexible space for extended family, guests, home office, or creative use (buyer to verify permitted uses). Situated on a generously sized, gated lot with private yard space, additional storage potential, and room to expand. With a little TLC, this property offers excellent value-add potential and long-term upside. Conveniently located near schools, shopping, dining, and easy freeway access. Don't miss this unique opportunity with endless possibilities!

19. 2026-04-13
    listed $234,900 Active

    Show marketing remark (749 chars)

    Great opportunity for investors or multi-generational living! This versatile property features a front home with 3 bedrooms and 1.75 baths, offering a functional floor plan, spacious living area, and abundant natural light. The rear structure includes 2 bonus rooms and 1 full bath, providing flexible space for extended family, guests, home office, or creative use (buyer to verify permitted uses). Situated on a generously sized, gated lot with private yard space, additional storage potential, and room to expand. With a little TLC, this property offers excellent value-add potential and long-term upside. Conveniently located near schools, shopping, dining, and easy freeway access. Don't miss this unique opportunity with endless possibilities!

20. 2025-11-28
    status Pending
21. 2025-11-28
    price $235,000
22. 2025-11-22
    listed $225,000 Active
23. 2022-03-01
    soldstatus $190,000 Sold
24. 2022-03-01
    soldstatus $190,000
25. 2021-12-06
    status Pending
26. 2021-11-10
    historical Active - Contingent
27. 2021-11-01
    listed $179,900 Active
28. 2020-12-12
    historical
29. 2020-11-16
    price $189,998
30. 2020-10-23
    price $189,999
31. 2020-10-23
    price $189,999
32. 2020-10-21
    price $194,997
33. 2020-10-21
    price $194,997
34. 2020-10-09
    price $194,998
35. 2020-09-25
    price $194,999
36. 2020-09-16
    listed $195,000 Active
37. 2001-10-30
    soldstatus $69,000
38. 1999-01-13
    soldstatus $18,000
39. 1998-12-03
    historical
40. 1998-12-03
    price $19,000
41. 1998-09-30
    listed $18,000
42. 1988-05-18
    soldstatus $57,000

ⓘ 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: $4,521 · $377/mo
• Projected year-2 tax: $4,521 · $377/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 8/10 Severe
• 🌡 Heat 8/10 Severe 1 d/yr ≥102°F today · 2 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 18 unhealthy d/yr today · 22 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,248
• − Mortgage interest: −$12,772
• − Property taxes: −$4,521
• − Insurance: −$1,140
• − Repairs & maintenance: −$2,740
• − Management: −$2,740
• − Depreciation: −$6,633
• Taxable income: $3,703
• Est. tax owed @ 24.0%: −$889
• After-tax cash flow: $6,158/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: Taft City
• NCES district ID: 0638700
• Math proficiency: 28% ▲ 2.00%
• Reading proficiency: 39% ▲ 2.00%
• Median HH income: $42,498
• Composite: 31.06/100
• National rank: #11302
• State rank: #946 of 1400 in CA

Livability — Taft Heights

• Score: 51/100
• State rank: #1063
• US rank: #25247

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taft Heights, CA
• County: Kern County · 710,371 people
• Metro: Bakersfield, CA
• Population (ZIP): 16,963
• Household income: $57,778
• Rent vs Own: 49.8% rent · 50.2% own
• Severe rent burden: 819.0

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 (51%)
• Race & ethnicity: White 51% Hispanic / Latino 44% Two or more races 14%
• Hispanic origin (detail): Mexican 42%
• Common ancestry: Slovak 2% Italian 1% Portuguese 1%
• Foreign-born: 16% · Canada
• Languages at home: 65% English-only · Spanish 34%

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: ▼ -124.10%
• Current HPI: 295.2655
• Rent YoY: ▲ 13.62%
• 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

+300.0% since first listed

27 events — show timeline

• 2026-05-15 Price Changed $228,000 CRMLS
• 2026-05-15 Price Changed $228,000 GEMLS
• 2026-04-13 Listed $234,900 GEMLS
• 2026-04-13 Listed $234,900 CRMLS
• 2025-11-28 Pending — GEMLS
• 2025-11-28 Price Changed $235,000 GEMLS
• 2025-11-22 Listed $225,000 GEMLS
• 2022-03-01 Sold (Public Records) $190,000 Public Records
• 2022-03-01 Sold (MLS) $190,000 GEMLS
• 2021-12-06 Pending — GEMLS
• 2021-11-10 Contingent — GEMLS
• 2021-11-01 Listed $179,900 GEMLS
• 2020-12-12 Listing Removed — CRMLS
• 2020-11-16 Price Changed $189,998 GEMLS
• 2020-10-23 Price Changed $189,999 CRMLS
• 2020-10-23 Price Changed $189,999 GEMLS
• 2020-10-21 Price Changed $194,997 CRMLS
• 2020-10-21 Price Changed $194,997 GEMLS
• 2020-10-09 Price Changed $194,998 GEMLS
• 2020-09-25 Price Changed $194,999 GEMLS
• 2020-09-16 Listed $195,000 CRMLS
• 2001-10-30 Sold (Public Records) $69,000 Public Records
• 1999-01-13 Sold (MLS) $18,000 GEMLS
• 1998-12-03 Price Changed $19,000 GEMLS
• 1998-12-03 Delisted — GEMLS
• 1998-09-30 Listed $18,000 GEMLS
• 1988-05-18 Sold (Public Records) $57,000 Public Records

Property tax history

+9.3%/yr

Latest (2025): $4,521 · +4.4% YoY. Source: county tax records.