1907 S J St · Bakersfield, CA 93304

$260,000

2 bd · 1.0 ba · 1,170 sqft · MultiFamily public records · 13 Days on market

Built 1959 7,405 sqft lot Est $323k · 19% under

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Why this score? — see what drove the D+ 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).

• ARV discount +15.0/15.0
• Cash flow +14.9/30.0
• DSCR +4.6/10.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks MLS

Fine Investment Opportunity, Front house is a one bedroom. The back house is a two bedroom. Both with Long Term Tenants with Great Investment Income!

Key facts

• Private units
• Yard space
• 7,405 sq ft lot

Tags

• PRIVATE UNITS
• YARD SPACE
• EXTERIOR FRESHLY PAINTED

Property features AI

Finance

• Other: Price per unit listed at $130,000
• Financial info: Two-unit multifamily with owner management; Actual rents: one unit at $875/month and one unit at $1,200/month; Annual gross income approximately $25,500; Annual net income approximately $11,455; Total annual expenses approximately $12,025 (includes fire insurance ~$2,000, repairs ~$1,440, utilities ~$1,200); Vacancy factor listed at 4%

Exterior

• Utilities: Public water; Sewer service
• Home design: Single-story building; One property containing 2 units
• Construction: Composition roof; Slab foundation; Built on a 0.17-acre lot
• Exterior features: R4 zoning

Interior

• Bedrooms: Two 2-bedroom units
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Floor or wall heaters; Other heating/cooling types
• Interior features: Tenant-occupied

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $260k.

Deal economics

• At list price, monthly cash flow is $77 ($918/yr) — positive. Per door: $38/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $228k (12.4% below list).
• Recommended offer: $228k (12.4% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 3.6% in Bakersfield — 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 58/100 on livability (#716 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: health & safety D, schools D-, crime F.
• Kern High (urban): math 21% / reading 51% proficiency, ranked #860 of 1,400 in CA (top 61%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.7%/yr); 159 active listings in the ZIP; 35 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 $2,277/mo this rent would consume 54% of the median local household income ($51k/yr) (locally 2587% 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 $8k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 12y 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 $77k; list at $260k implies a 238% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $227,700 (12.4% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.88% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.26%
• DSCR: 1.06
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $322,920
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
809 Vine Dr	0.44mi	3/2.0 (+1)	1,212 (+4%)	10mo	$335,000	$276	56

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -17.6%
• Equity multiple: 0.40×
• Total profit: $-43,943
• Equity at exit: $38,767

10-year hold

• IRR: -16.4%
• Equity multiple: 0.21×
• Total profit: $-57,825
• Equity at exit: $22,480

Cash invested: $72,800 (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 93304

• Rents YoY: -1.7%
• Active inventory: 159
• Price-to-rent: 19.0×

Monthly cashflow live

• Estimated rent: $2,277 high
• Mortgage (P&I): −$1,363
• Tax from tax record: −$251 /mo · $3,006/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $77

Break-even live

Break-even rent $2,180

Max offer price $260,000

Occupancy floor 92%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,276
Total (2 units)			$2,277

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1928 Doolittle Ave Bakersfield, CA	3.0	2.0	1142	$2,100	$1.84	19d	1	0.36mi
1916 Talisman Dr Bakersfield, CA	2.0	1.0	800	$1,600	$2.00	3d	1	0.42mi
1409 Lindsay Dr Bakersfield, CA	3.0	1.0	1049	$2,200	$2.10	3d	1	0.57mi
2815 S H St Bakersfield, CA	2.0	1.0	850	$1,050	$1.24	44d	1	0.57mi
2905 S Chester Ave Apt C Bakersfield, CA	2.0	2.0	800	$1,395	$1.74	3d	1	0.74mi
1821 Lacey St Apt J Bakersfield, CA	3.0	2.0	1350	$2,150	$1.59	3d	1	0.74mi
1821 Lacey St Unit C Bakersfield, CA	2.0	1.0	750	$1,350	$1.80	14d	1	0.75mi
1821 Lacey St Unit H Bakersfield, CA	3.0	2.0	1350	$2,150	$1.59	44d	1	0.75mi
2909 S Chester Ave Unit 16 Bakersfield, CA	2.0	1.5	700	$995	$1.42	3d	1	0.76mi
2312 Castro Ln Bakersfield, CA	3.0	2.0	1127	$2,100	$1.86	3d	1	0.90mi
3608 Balboa Dr Bakersfield, CA	3.0	1.5	1051	$2,195	$2.09	3d	1	0.98mi
3013 Alma Way Bakersfield, CA	3.0	2.0	1151	$2,100	$1.82	3d	1	1.00mi
3461 S Chester Ave Apt 19 Bakersfield, CA	2.0	1.5	975	$1,295	$1.33	44d	1	1.05mi
2805 Cambria Ave Bakersfield, CA	3.0	1.5	1395	$2,050	$1.47	3d	1	1.07mi
2704 Villalovos Ct Unit 2 Bakersfield, CA	3.0	2.0	1092	$1,650	$1.51	44d	1	1.11mi
2808 Morin Ct Apt 1 Bakersfield, CA	2.0	1.0	852	$1,250	$1.47	3d	1	1.11mi
2313 San Lorenzo Ave Bakersfield, CA	3.0	2.0	1386	$2,095	$1.51	3d	1	1.16mi
3101 Coventry Dr Bakersfield, CA	2.0	2.0	945	$919	$0.97	3d	1	1.16mi
2600 Chandler Ct Bakersfield, CA	2.0	1.5	1073	$1,495	$1.39	14d	1	1.26mi
4140 Teal St Unit 12A Bakersfield, CA	2.0	1.0	950	$1,525	$1.61	10d	1	1.27mi
4140 Teal St Bakersfield, CA	2.0	1.0	950	$1,525	$1.61	3d	1	1.27mi
4140 Teal St Apt 10 Bakersfield, CA	2.0	1.0	950	$1,295	$1.36	23d	1	1.27mi
105 Eye St Unit B Bakersfield, CA	1.0	1.0	795	$995	$1.25	44d	1	1.28mi
4215 Teal St Bakersfield, CA	2.0	1.5	960	$1,395	$1.45	3d	3	1.29mi
2801 Wible Rd Bakersfield, CA	1.0–2.0	1.0	700	$1,300	$1.86	3d	2	1.32mi
3500 Grassotti Ct Unit 50019 Bakersfield, CA	2.0	1.5	850	$1,215	$1.43	3d	1	1.35mi
3600 Sampson Ct Unit A Bakersfield, CA	2.0	1.5	936	$1,395	$1.49	44d	1	1.38mi
3600 Sampson Ct Unit A Bakersfield, CA	2.0	1.5	945	$1,250	$1.32	23d	1	1.38mi
2801 El Berrendo Ave Unit 1 Bakersfield, CA	3.0	2.0	1491	$2,395	$1.61	14d	1	1.39mi
3401 Wible Rd Bakersfield, CA	1.0	1.0	700	$1,175	$1.68	44d	1	1.45mi
3401 Wible Rd Bakersfield, CA	2.0	1.0	792	$1,275	$1.61	3d	1	1.45mi
3611 Micheli Ct Bakersfield, CA	2.0	1.0	838	$1,595	$1.90	3d	1	1.45mi
2714 S Real Rd Bakersfield, CA	2.0	1.0	838	$1,475	$1.76	3d	1	1.45mi
400 White Ln Bakersfield, CA	2.0	1.0	900	$1,399	$1.55	3d	1	1.46mi
2000 Bank St Unit 2000 Bakersfield, CA	2.0	1.0	800	$1,195	$1.49	44d	1	1.50mi

Listing history 10 events

1. 2026-06-17
   status $260,000 Pending 13 DOM
2. 2026-06-16
   days on market $260,000 Active 13 DOM
3. 2026-06-15
   days on market $260,000 Active 12 DOM
4. 2026-06-14
   days on market $260,000 Active 10 DOM
5. 2026-06-10
   days on market $260,000 Active 7 DOM
6. 2026-06-09
   days on market $260,000 Active 6 DOM
7. 2026-06-08
   days on market $260,000 Active 5 DOM
8. 2026-06-07
   days on market $260,000 Active 4 DOM
9. 2026-06-05
   remarks 544-char remark
10. 2026-06-05
    listed $260,000 Active 1 DOM

ⓘ 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: $3,006 · $251/mo
• Projected year-2 tax: $3,006 · $251/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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 33 unhealthy d/yr today · 37 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,324
• − Mortgage interest: −$14,564
• − Property taxes: −$3,006
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − Depreciation: −$7,564
• Taxable loss: −$3,482
• Est. tax savings @ 24.0%: +$836
• After-tax cash flow: $1,754/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: Kern High
• NCES district ID: 0619540
• Math proficiency: 21% ▬ 0.00%
• Reading proficiency: 51% ▲ 2.00%
• Median HH income: $49,686
• Composite: 33.68/100
• National rank: #10443
• State rank: #860 of 1400 in CA

Livability — Bakersfield

• Score: 58/100
• State rank: #716
• US rank: #21355

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kern County · 710,371 people
• City population: 499,124
• Metro: Bakersfield, CA
• Population (ZIP): 51,037
• Household income: $50,790
• Rent vs Own: 53.9% rent · 46.1% own
• Severe rent burden: 2587.0

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: Predominantly Hispanic (71%)
• Race & ethnicity: Hispanic / Latino 71% Two or more races 18% White 14% Black 9% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 65%
• Foreign-born: 22% · Canada, China
• Languages at home: 48% English-only · Spanish 49% Other Asian/Pacific 1% Tagalog/Filipino 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: ▼ -314.78%
• Current HPI: 397.9557
• Rent YoY: ▼ -1.68%
• 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

+237.7% since first listed

5 events — show timeline

• 2026-06-03 Listed $260,000 GEMLS
• 2014-12-19 Sold (MLS) $77,000 GEMLS
• 2014-12-04 Delisted — GEMLS
• 2014-12-04 Price Changed $85,000 GEMLS
• 2014-12-03 Listed $77,000 GEMLS

Property tax history

+4.6%/yr

Latest (2025): $3,006 · +3.0% YoY. Source: county tax records.