7605 E Obsidian · California City, CA 93519

$79,000

2 bd · 1.0 ba · 1,700 sqft · SingleFamily public records · 121 Days on market

Built 1958 2.00 ac lot $46/sqft · 74% below area

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Why this score? — see what drove the B 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.2/5.0
• Schools +2.1/10.0

Listing remarks MLS

The bones are here — this is a true fixer with serious potential. Discover wide-open desert living on 2 usable acres in Cantil! This 1,700 sq ft single-story home, built in 1958, offers 2 bedrooms, 1 bathroom, and a spacious layout ready for renovation. If you’ve been looking for room to spread out, park equipment, add outbuildings, or simply enjoy big desert skies, this property delivers. The home features a classic mid-century structure with an attached 1-car garage, fireplace, and generous living areas. Large windows bring in natural light and frame the surrounding High Desert landscape. While the property needs updating and improvements, the layout and footprint provide a strong starting point for your vision. The 2-acre parcel offers space, flexibility, and opportunity. The seller will be clearing the lot around the house, improving visibility and accessibility. This will open up the immediate yard area and allow buyers to better envision outdoor use, parking, and future improvements. Located in the rural community of Cantil, just outside California City and near the foothills of the High Sierra, this property offers peaceful desert living with convenient access to Neuralia Road and Highway 14. Whether you’re looking for a renovation project, investment opportunity, desert getaway, or property with room to expand, this is a solid opportunity with upside potential. Bring your tools, your contractor, and your imagination — and make this High Desert property your own!

Key facts

• Outdoor use
• Usable acres
• Natural light

Tags

• USABLE ACRES
• MID-CENTURY STRUCTURE
• NATURAL LIGHT
• IMMEDIATE YARD AREA
• OUTDOOR USE
• RURAL COMMUNITY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 5.2% in California City — 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 44/100 on livability (#1,329 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: crime F, amenities F, commute F.
• Mojave Unified (town): math 25% / reading 25% proficiency, ranked #411 of 517 in CA (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hacienda Elementary (528 students, 92% FRL); California City Middle (501 students, 87% FRL); California City High (655 students, 85% FRL).
• Market conditions: 23 active listings in the ZIP; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($546 loan paydown + $2k appreciation (3.0% local appreciation)).
• 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 + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $29k; list at $79k implies a 172% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 9→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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. 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?
7. 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.
8. 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.
9. 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: 1.53% ✓
• Cap rate: 13.41%
• Cash-on-cash: 25.41%
• DSCR: 2.13
• GRM: 5.5

CMA / ARV

• ARV (median comp): $300,054
• List price: $79,000
• Delta: -73.67%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 31.4%
• Equity multiple: 2.78×
• Total profit: $39,326
• Equity at exit: $35,522

10-year hold

• IRR: 31.8%
• Equity multiple: 5.44×
• Total profit: $98,177
• Equity at exit: $54,743

Cash invested: $22,120 (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 93519

• Active inventory: 23
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,205 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$36 /mo · $437/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $468

Break-even live

Break-even rent $612

Max offer price $79,000

Occupancy floor 56%

Sensitivity live

Price	-10% $513	-5% $491	+0% $468	+5% $446	+10% $424
Rent	-10% $373	-5% $421	+0% $468	+5% $516	+10% $564
Rate	-1.0pp $508	-0.5pp $488	base $468	+0.5pp $448	+1.0pp $427

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $79,000 Active 121 DOM
2. 2026-06-18
   days on market $79,000 Active 118 DOM
3. 2026-06-17
   days on market $79,000 Active 117 DOM
4. 2026-06-16
   days on market $79,000 Active 116 DOM
5. 2026-06-15
   days on market $79,000 Active 115 DOM
6. 2026-06-14
   days on market $79,000 Active 113 DOM
7. 2026-06-13
   days on market $79,000 Active 112 DOM
8. 2026-06-10
   days on market $79,000 Active 110 DOM
9. 2026-06-09
   days on market $79,000 Active 109 DOM
10. 2026-06-08
    days on market $79,000 Active 108 DOM
11. 2026-06-07
    days on market $79,000 Active 107 DOM
12. 2026-06-05
    days on market $79,000 Active 104 DOM
13. 2026-06-03
    days on market $79,000 Active 103 DOM
14. 2026-06-03
    days on market $79,000 Active 102 DOM
15. 2026-06-01
    days on market $79,000 Active 101 DOM
16. 2026-05-31
    days on market $79,000 Active 100 DOM
17. 2026-03-15
    price $120,000 1518-char remark

    Show marketing remark (1518 chars)

    The bones are here — this is a true fixer with serious potential. Discover wide-open desert living on 2 usable acres in Cantil! This 1,700 sq ft single-story home, built in 1958, offers 2 bedrooms, 1 bathroom, and a spacious layout ready for renovation. If you’ve been looking for room to spread out, park equipment, add outbuildings, or simply enjoy big desert skies, this property delivers. The home features a classic mid-century structure with an attached 1-car garage, fireplace, and generous living areas. Large windows bring in natural light and frame the surrounding High Desert landscape. While the property needs updating and improvements, the layout and footprint provide a strong starting point for your vision. The 2-acre parcel offers space, flexibility, and opportunity. The seller will be clearing the lot around the house, improving visibility and accessibility. This will open up the immediate yard area and allow buyers to better envision outdoor use, parking, and future improvements. Located in the rural community of Cantil, just outside California City and near the foothills of the High Sierra, this property offers peaceful desert living with convenient access to Neuralia Road and Highway 14. Whether you’re looking for a renovation project, investment opportunity, desert getaway, or property with room to expand, this is a solid opportunity with upside potential. Bring your tools, your contractor, and your imagination — and make this High Desert property your own!

18. 2026-02-20
    listed $135,000 Active 1518-char remark

    Show marketing remark (1518 chars)

    The bones are here — this is a true fixer with serious potential. Discover wide-open desert living on 2 usable acres in Cantil! This 1,700 sq ft single-story home, built in 1958, offers 2 bedrooms, 1 bathroom, and a spacious layout ready for renovation. If you’ve been looking for room to spread out, park equipment, add outbuildings, or simply enjoy big desert skies, this property delivers. The home features a classic mid-century structure with an attached 1-car garage, fireplace, and generous living areas. Large windows bring in natural light and frame the surrounding High Desert landscape. While the property needs updating and improvements, the layout and footprint provide a strong starting point for your vision. The 2-acre parcel offers space, flexibility, and opportunity. The seller will be clearing the lot around the house, improving visibility and accessibility. This will open up the immediate yard area and allow buyers to better envision outdoor use, parking, and future improvements. Located in the rural community of Cantil, just outside California City and near the foothills of the High Sierra, this property offers peaceful desert living with convenient access to Neuralia Road and Highway 14. Whether you’re looking for a renovation project, investment opportunity, desert getaway, or property with room to expand, this is a solid opportunity with upside potential. Bring your tools, your contractor, and your imagination — and make this High Desert property your own!

19. 1996-09-12
    soldstatus $29,000

ⓘ 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: $437 · $36/mo
• Projected year-2 tax: $600 · $50/mo
• Expected delta: +$163/yr (+$14/mo · 37.3%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 9 d/yr ≥105°F today · 24 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 6/10 Major 9 unhealthy d/yr today · 12 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,460
• − Mortgage interest: −$4,425
• − Property taxes: −$437
• − Insurance: −$395
• − Repairs & maintenance: −$1,157
• − Management: −$1,157
• − Depreciation: −$2,298
• Taxable income: $4,591
• Est. tax owed @ 24.0%: −$1,102
• After-tax cash flow: $4,518/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: Mojave Unified
• NCES district ID: 0625230
• Math proficiency: 25% ▲ 11.00%
• Reading proficiency: 25% ▼ -1.00%
• Median HH income: $43,017
• Composite: 21.4/100
• National rank: #8350
• State rank: #411 of 517 in CA

Livability — California City

• Score: 44/100
• State rank: #1329
• US rank: #26753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

+313.8% since first listed

3 events — show timeline

• 2026-03-15 Price Changed $120,000 CRMLS
• 2026-02-20 Listed $135,000 CRMLS
• 1996-09-12 Sold (Public Records) $29,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $437 · -2.2% YoY. Source: county tax records.