1909 Padre St · Bakersfield, CA 93307

$395,900

7 bd · 4.0 ba · 2,160 sqft · MultiFamily public records · 138 Days on market

Built 2006 6,534 sqft lot $183/sqft · 16% above area Est $341k · 16% over

---

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).

• Cash flow +15.8/30.0
• DSCR +4.9/10.0
• Rent growth +3.9/5.0
• 1% rule +3.6/10.0
• Schools +3.4/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.2/15.0
• 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

Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

Key facts

• 6,534 sq ft lot
• Built 2006
• Listed 138 days

What this means for you Summary

Snapshot

• This is a 7-bed/4.0-bath multifamily listed at $396k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/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 $340k (14.1% below list).
• Recommended offer: $340k (14.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% 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 rising fast (+5.7%/yr); 311 active listings in the ZIP; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• At $3,402/mo this rent would consume 72% of the median local household income ($56k/yr) (locally 3246% 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 $3k of loan paydown is wiped out by about $12k 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 138 days — a 12% lower offer ($348k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 19y 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 $125k; list at $396k implies a 217% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $340,200 (14.1% below list)

Questions for the listing agent

1. It's been on market 138 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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?
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 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: 0.86% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 9.7

CMA / ARV

• ARV (median comp): $340,813
• List price: $395,900
• Delta: 16.16%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
309 Dr Martin Luther King Jr Blvd	0.68mi	6/4.0 (-1)	1,946 (-10%)	10mo	$425,000	$218	38

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 · 5.71% rent growth · sell at horizon

5-year hold

• IRR: -10.4%
• Equity multiple: 0.61×
• Total profit: $-43,029
• Equity at exit: $59,030

10-year hold

• IRR: 2.1%
• Equity multiple: 1.17×
• Total profit: $18,540
• Equity at exit: $34,230

Cash invested: $110,852 (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 93307

• Rents YoY: 5.7%
• Active inventory: 311
• Price-to-rent: 19.4×

Monthly cashflow live

• Estimated rent: $3,402 high
• Mortgage (P&I): −$2,076
• Tax from tax record: −$263 /mo · $3,156/yr
• Insurance: −$165
• HOA: −$0
• Vacancy / Maint / Mgmt: −$714
• Net cashflow: $184

Break-even live

Break-even rent $3,170

Max offer price $395,900

Occupancy floor 90%

Sensitivity live

Price	-10% $408	-5% $296	+0% $184	+5% $71	+10% $-41
Rent	-10% $-85	-5% $49	+0% $184	+5% $318	+10% $452
Rate	-1.0pp $383	-0.5pp $284	base $184	+0.5pp $81	+1.0pp $-23

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,402
Total (2 units)			$3,402

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: $98,975
• Closing costs: $11,877
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2026-06-18
   days on market $395,900 Active 138 DOM
2. 2026-06-17
   days on market $395,900 Active 137 DOM
3. 2026-06-16
   days on market $395,900 Active 136 DOM
4. 2026-06-15
   days on market $395,900 Active 135 DOM
5. 2026-06-14
   days on market $395,900 Active 133 DOM
6. 2026-06-10
   days on market $395,900 Active 130 DOM
7. 2026-06-09
   days on market $395,900 Active 129 DOM
8. 2026-06-08
   days on market $395,900 Active 128 DOM
9. 2026-06-07
   days on market $395,900 Active 127 DOM
10. 2026-06-05
    days on market $395,900 Active 124 DOM
11. 2026-06-03
    days on market $395,900 Active 123 DOM
12. 2026-06-03
    days on market $395,900 Active 122 DOM
13. 2026-06-01
    days on market $395,900 Active 121 DOM
14. 2026-05-31
    days on market $395,900 Active 120 DOM
15. 2026-04-30
    price $395,900 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

16. 2026-04-30
    price $395,900 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

17. 2026-04-29
    status Active 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

18. 2026-04-29
    status Active 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

19. 2026-03-23
    status Pending 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

20. 2026-03-23
    status Pending 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

21. 2026-02-23
    price $390,000 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

22. 2026-02-23
    price $390,000 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

23. 2026-01-13
    listed $400,000 Active 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

24. 2025-12-25
    price $400,000 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

25. 2025-12-24
    listed $400,000,000 Active 535-char remark

    Show marketing remark (535 chars)

    Two Units on One Lot! Whether you are expanding your investment portfolio or seeking a live-in opportunity with rental income, this rare duplex is an excellent opportunity. Each unit offers 3 spacious bedrooms and 2 bathrooms, featuring tile flooring throughout and convenient indoor utility areas. Built in 2006, these well-maintained units provide a combined total of 2,160 square feet of living space. This property presents an ideal opportunity to begin or enhance your real estate portfolio. An exceptional value not to be missed.

26. 2010-02-01
    soldstatus $125,000
27. 2010-02-01
    soldstatus $125,000
28. 2009-12-11
    historical
29. 2009-12-11
    price $129,000
30. 2009-10-29
    listed $125,000
31. 2009-03-06
    historical
32. 2008-08-25
    price $89,900
33. 2008-08-21
    soldstatus $109,900
34. 2008-07-25
    historical
35. 2008-07-22
    listed $109,900
36. 2007-03-15
    listed $334,000
37. 2006-08-15
    soldstatus $89,000
38. 2006-04-13
    soldstatus $70,000

ⓘ 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: $3,156 · $263/mo
• Projected year-2 tax: $3,156 · $263/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 5/10 Major
• 🌡 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 39 unhealthy d/yr today · 45 by 30 yrs out

Taxation est. · year 1

• Rental income: $40,824
• − Mortgage interest: −$22,177
• − Property taxes: −$3,156
• − Insurance: −$1,980
• − Repairs & maintenance: −$3,266
• − Management: −$3,266
• − Depreciation: −$11,517
• Taxable loss: −$4,537
• Est. tax savings @ 24.0%: +$1,089
• After-tax cash flow: $3,291/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

• Census place: Bakersfield, CA
• County: Kern County · 710,371 people
• City population: 499,124
• Metro: Bakersfield, CA
• Population (ZIP): 85,945
• Household income: $56,446
• Rent vs Own: 53.0% rent · 47.0% own
• Severe rent burden: 3246.0

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 (80%)
• Race & ethnicity: Hispanic / Latino 80% Two or more races 12% White 10% Black 6% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 73%
• Common ancestry: Lithuanian 0%
• Foreign-born: 31% · Canada
• Languages at home: 28% English-only · Spanish 69% Other Indo-European 1% Arabic 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: ▼ -263.59%
• Current HPI: 447.1746
• Rent YoY: ▲ 5.71%
• 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

+465.6% since first listed

24 events — show timeline

• 2026-04-30 Price Changed $395,900 GEMLS
• 2026-04-30 Price Changed $395,900 GEMLS
• 2026-04-29 Relisted — GEMLS
• 2026-04-29 Relisted — GEMLS
• 2026-03-23 Pending — GEMLS
• 2026-03-23 Pending — GEMLS
• 2026-02-23 Price Changed $390,000 GEMLS
• 2026-02-23 Price Changed $390,000 GEMLS
• 2026-01-13 Listed $400,000 GEMLS
• 2025-12-25 Price Changed $400,000 GEMLS
• 2025-12-24 Listed $400,000,000 GEMLS
• 2010-02-01 Sold (Public Records) $125,000 Public Records
• 2010-02-01 Sold (MLS) $125,000 GEMLS
• 2009-12-11 Price Changed $129,000 GEMLS
• 2009-12-11 Delisted — GEMLS
• 2009-10-29 Listed $125,000 GEMLS
• 2009-03-06 Listing Removed — CRMLS
• 2008-08-25 Price Changed $89,900 GEMLS
• 2008-08-21 Sold (MLS) $109,900 GEMLS
• 2008-07-25 Delisted — GEMLS
• 2008-07-22 Listed $109,900 GEMLS
• 2007-03-15 Listed $334,000 CRMLS
• 2006-08-15 Sold (Public Records) $89,000 Public Records
• 2006-04-13 Sold (Public Records) $70,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $3,156 · -12.4% YoY. Source: county tax records.