3535 Stine Rd #65 · Bakersfield, CA 93309

$159,900

4 bd · 2.0 ba · 1,040 sqft · Manufactured · 199 Days on market

Built 1975 $154/sqft · 46% above area Est $109k · 46% 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 +27.8/30.0
• DSCR +9.8/10.0
• 1% rule +7.6/10.0
• Schools +4.2/10.0
• Rent growth +3.3/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully updated 4 bedroom, 2 bathroom in the quiet, well-maintained Stockdale Villa. This home has been fully remodeled with a modern kitchen, laminate flooring throughout, new interior and exterior paint. Perfectly situated in the heart of Southwest Bakersfield where you are just minutes away from shopping, dining, CSU Bakersfield, and easy freeway access. Located in a desirable community, schedule your showing today!Space fee is $795 + utilities

Key facts

• Laminate flooring
• New exterior paint
• Easy freeway access

Tags

• MODERN KITCHEN
• LAMINATE FLOORING
• NEW INTERIOR PAINT
• NEW EXTERIOR PAINT
• QUIET COMMUNITY
• EASY FREEWAY ACCESS

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $487 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $141k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% 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.
• Panama-Buena Vista Union (urban): math 37% / reading 52% proficiency, ranked #542 of 1,400 in CA (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.2%/yr); 205 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent runs 38% of the median local income ($64k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• At projected returns (-3.0% appreciation + 3.2% rent growth), your $45k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 33y ago; this cycle's ask is 60% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $15k; list at $160k implies a 966% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 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 1975 — 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 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. 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: 1.26% ✓
• Cap rate: 9.95%
• Cash-on-cash: 13.05%
• DSCR: 1.58
• GRM: 6.6

CMA / ARV

• ARV (median comp): $109,250
• List price: $159,900
• Delta: 46.36%
• Verdict: OVERPRICED
• Comps: 12 within 2.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3535 Stine Rd #180	0.09mi	3/2.0 (-1)	1,056 (+2%)	3mo	$115,000	$109	86
3535 Stine Rd #166	0.09mi	3/2.0 (-1)	1,056 (+2%)	19mo	$105,000	$99	72

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 · 3.2% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.12×
• Total profit: $5,536
• Equity at exit: $23,842

10-year hold

• IRR: 12.9%
• Equity multiple: 2.04×
• Total profit: $46,548
• Equity at exit: $13,825

Cash invested: $44,772 (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 93309

• Rents YoY: 3.2%
• Active inventory: 205
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $2,015 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $487

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 71%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3401 Starwood Ln Bakersfield, CA	3.0	2.0	1293	$1,750	$1.35	10d	1	0.20mi
4508 Planz Rd Apt A Bakersfield, CA	3.0	2.0	1400	$1,700	$1.21	2d	1	0.28mi
3509 Cardamon Dr Bakersfield, CA	3.0	2.0	1104	$1,900	$1.72	43d	1	0.32mi
4505 Gardenwood Ln Bakersfield, CA	3.0	2.5	1385	$2,295	$1.66	2d	1	0.38mi
4413 White Ln Bakersfield, CA	3.0	2.0	1249	$2,250	$1.80	21d	1	0.49mi
5204 Curson Ave Bakersfield, CA	3.0	2.0	1232	$2,050	$1.66	10d	1	0.52mi
4208 White Ln Unit A Bakersfield, CA	3.0	2.5	1200	$1,575	$1.31	2d	1	0.52mi
4208 White Ln Apt B Bakersfield, CA	3.0	2.5	1200	$1,575	$1.31	10d	1	0.52mi
5725 Sage Dr Bakersfield, CA	4.0	2.0	1476	$2,350	$1.59	43d	1	0.66mi
6800 Wilson Rd Bakersfield, CA	3.0	2.0	1088	$2,070	$1.90	10d	1	0.71mi
4309 Rosewall St Bakersfield, CA	3.0	2.0	1356	$2,200	$1.62	2d	1	0.84mi
2100 Pinon Springs Cir Unit A Bakersfield, CA	3.0	1.5	1040	$1,595	$1.53	19d	1	1.04mi
5051 Ming Ave Bakersfield, CA	1.0–3.0	1.0–2.0	925	$1,695	$1.83	2d	9	1.05mi
6500 White Ln Unit 6538 Bakersfield, CA	3.0	2.0	1400	$1,795	$1.28	2d	1	1.14mi
2704 Villalovos Ct Unit 2 Bakersfield, CA	3.0	2.0	1092	$1,650	$1.51	43d	1	1.25mi
2801 El Berrendo Ave Unit 1 Bakersfield, CA	3.0	2.0	1491	$2,395	$1.61	14d	1	1.29mi
2805 Cambria Ave Bakersfield, CA	3.0	1.5	1395	$2,050	$1.47	2d	1	1.36mi
3013 Alma Way Bakersfield, CA	3.0	2.0	1151	$2,100	$1.82	2d	1	1.41mi
7005 Iberia Ct Bakersfield, CA	3.0	2.0	1132	$1,995	$1.76	10d	1	1.45mi
2312 Castro Ln Bakersfield, CA	3.0	2.0	1127	$2,100	$1.86	2d	1	1.47mi

Listing history 26 events

1. 2026-06-18
   days on market $159,900 Active 199 DOM
2. 2026-06-17
   days on market $159,900 Active 198 DOM
3. 2026-06-16
   days on market $159,900 Active 197 DOM
4. 2026-06-15
   days on market $159,900 Active 196 DOM
5. 2026-06-14
   days on market $159,900 Active 194 DOM
6. 2026-06-13
   days on market $159,900 Active 193 DOM
7. 2026-06-10
   days on market $159,900 Active 191 DOM
8. 2026-06-09
   days on market $159,900 Active 190 DOM
9. 2026-06-08
   days on market $159,900 Active 189 DOM
10. 2026-06-07
    days on market $159,900 Active 188 DOM
11. 2026-06-05
    days on market $159,900 Active 185 DOM
12. 2026-06-03
    days on market $159,900 Active 184 DOM
13. 2026-06-03
    days on market $159,900 Active 183 DOM
14. 2026-06-01
    days on market $159,900 Active 182 DOM
15. 2026-05-31
    days on market $159,900 Active 181 DOM
16. 2026-05-03
    price $159,900 476-char remark

    Show marketing remark (476 chars)

    Welcome home to this beautifully updated 4 bedroom, 2 bathroom in the quiet, well-maintained Stockdale Villa. This home has been fully remodeled with a modern kitchen, laminate flooring throughout, new interior and exterior paint. Perfectly situated in the heart of Southwest Bakersfield where you are just minutes away from shopping, dining, CSU Bakersfield, and easy freeway access. Located in a desirable community, schedule your showing today!Space fee is $795 + utilities

17. 2026-01-16
    price $160,000 476-char remark

    Show marketing remark (476 chars)

    Welcome home to this beautifully updated 4 bedroom, 2 bathroom in the quiet, well-maintained Stockdale Villa. This home has been fully remodeled with a modern kitchen, laminate flooring throughout, new interior and exterior paint. Perfectly situated in the heart of Southwest Bakersfield where you are just minutes away from shopping, dining, CSU Bakersfield, and easy freeway access. Located in a desirable community, schedule your showing today!Space fee is $795 + utilities

18. 2025-12-01
    listed $100,000 Active 476-char remark

    Show marketing remark (476 chars)

    Welcome home to this beautifully updated 4 bedroom, 2 bathroom in the quiet, well-maintained Stockdale Villa. This home has been fully remodeled with a modern kitchen, laminate flooring throughout, new interior and exterior paint. Perfectly situated in the heart of Southwest Bakersfield where you are just minutes away from shopping, dining, CSU Bakersfield, and easy freeway access. Located in a desirable community, schedule your showing today!Space fee is $795 + utilities

19. 2000-10-19
    soldstatus $15,000 228-char remark

    Show marketing remark (228 chars)

    Mobile Home Located In Good Area. Property Has Formal Living & Seperate Family Rooms, New Stove & Dishwasher, New Blinds, Ceiling Fans Throughout And A Storage Shed. Associaiton Fees Include Access To Community Pool.

20. 2000-10-03
    historical 228-char remark

    Show marketing remark (228 chars)

    Mobile Home Located In Good Area. Property Has Formal Living & Seperate Family Rooms, New Stove & Dishwasher, New Blinds, Ceiling Fans Throughout And A Storage Shed. Associaiton Fees Include Access To Community Pool.

21. 2000-10-03
    price $17,000 228-char remark

    Show marketing remark (228 chars)

    Mobile Home Located In Good Area. Property Has Formal Living & Seperate Family Rooms, New Stove & Dishwasher, New Blinds, Ceiling Fans Throughout And A Storage Shed. Associaiton Fees Include Access To Community Pool.

22. 2000-07-06
    listed $15,000 228-char remark

    Show marketing remark (228 chars)

    Mobile Home Located In Good Area. Property Has Formal Living & Seperate Family Rooms, New Stove & Dishwasher, New Blinds, Ceiling Fans Throughout And A Storage Shed. Associaiton Fees Include Access To Community Pool.

23. 1994-07-29
    soldstatus $23,500
24. 1994-07-01
    historical
25. 1994-07-01
    price $26,000
26. 1993-10-25
    listed $23,500

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

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 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 33 unhealthy d/yr today · 38 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,181
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,934
• − Management: −$1,934
• − Depreciation: −$4,652
• Taxable income: $3,505
• Est. tax owed @ 24.0%: −$841
• After-tax cash flow: $5,001/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: Panama-Buena Vista Union
• NCES district ID: 0606390
• Math proficiency: 37% ▲ 3.00%
• Reading proficiency: 52% ▲ 1.00%
• Median HH income: $63,361
• Composite: 41.71/100
• National rank: #7191
• State rank: #542 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

• Census place: Bakersfield, CA
• County: Kern County · 710,371 people
• City population: 499,124
• Metro: Bakersfield, CA
• Population (ZIP): 63,217
• Household income: $63,544
• Rent vs Own: 52.9% rent · 47.1% own
• Severe rent burden: 3180.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Hispanic / Latino 54% White 30% Two or more races 29% Black 8% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 62% English-only · Spanish 34% Other Indo-European 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: ▼ -296.97%
• Current HPI: 376.8674
• Rent YoY: ▲ 3.20%
• 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

+580.4% since first listed

11 events — show timeline

• 2026-05-03 Price Changed $159,900 GEMLS
• 2026-01-16 Price Changed $160,000 GEMLS
• 2025-12-01 Listed $100,000 GEMLS
• 2000-10-19 Sold (MLS) $15,000 GEMLS
• 2000-10-03 Price Changed $17,000 GEMLS
• 2000-10-03 Delisted — GEMLS
• 2000-07-06 Listed $15,000 GEMLS
• 1994-07-29 Sold (MLS) $23,500 GEMLS
• 1994-07-01 Price Changed $26,000 GEMLS
• 1994-07-01 Delisted — GEMLS
• 1993-10-25 Listed $23,500 GEMLS