1009 Fairview Rd · Bakersfield, CA 93307

$277,777

3 bd · 2.0 ba · 1,263 sqft · SingleFamily public records · 53 Days on market

Built 1985 6,098 sqft lot $220/sqft · 15% below area Est $328k · 15% 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 +14.4/15.0
• Cash flow +10.1/30.0
• Rent growth +3.9/5.0
• Schools +3.4/10.0
• DSCR +2.9/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice home located on a coner lot in move in condition. Brand new carpet and tile in kitchen and bathrooms. Bring me an offer today this one is in great condition.

Key facts

• Near schools
• Convenient location
• Spacious driveway

Tags

• CONVENIENT LOCATION
• NEAR SCHOOLS
• NEAR SHOPPING CENTERS
• MINUTES FROM FREEWAY
• SPACIOUS DRIVEWAY
• MATURE LANDSCAPING

Property features AI

Exterior

• Parking: 2-car garage
• Utilities: Public water; Sewer
• Home design: Residential single-family (R1 zoning)
• Construction: Composition roof; Slab foundation
• Exterior features: Uncovered slab patio; Front and rear automatic sprinklers; Corner lot

Interior

• Kitchen: Dishwasher
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Great room; Breakfast area; Fireplace; Dishwasher; Central A/C; Central heating

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $278k.

Deal economics

• At list price, monthly cash flow is $-163 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $249k (10.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (26.4% below list).
• Recommended offer: $204k (26.4% below list) — sets the bar for 1% rule.
• Cap rate 5.6% 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, crime F, amenities 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.
• Zoned schools: Golden Valley High (reading 77%, 2,533 students, 91% FRL).
• Market conditions: Rents rising fast (+5.7%/yr); 314 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 43% of the median local income ($56k/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 $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

• It's been on market 53 days — a 3% lower offer ($269k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y 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 $115k; list at $278k implies a 142% 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 $204,305 (26.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
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 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: 0.74% ✗
• Cap rate: 5.59%
• Cash-on-cash: -2.51%
• DSCR: 0.89
• GRM: 11.3

CMA / ARV

• ARV (median comp): $327,834
• List price: $277,777
• Delta: -15.27%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5817 Osborne Ct	0.14mi	4/2.0 (+1)	1,231 (-2%)	1mo	$308,000	$250	84
1001 Giuseppe Ct	0.06mi	3/2.0	1,160 (-8%)	1mo	$335,000	$289	82
5813 Lenz Ct	0.17mi	3/2.0	1,171 (-7%)	4mo	$355,000	$303	77
6500 Finch Way	0.51mi	3/2.0	1,286 (+2%)	1mo	$282,000	$219	72
5217 Stancliff	0.43mi	3/2.0	1,200 (-5%)	2mo	$325,000	$271	70
5804 Chandler Way	0.23mi	3/2.0	1,401 (+11%)	2mo	$245,000	$175	69
402 El Fuerte Ave	0.68mi	3/2.0	1,252 (-1%)	1mo	$250,000	$200	66
1304 Santiago Ct	0.22mi	3/2.5	1,414 (+12%)	2mo	$320,000	$226	66
5817 Gary	0.74mi	3/2.0	1,262 (-0%)	2mo	$315,000	$250	63
6810 Lowry St	0.73mi	3/2.0	1,337 (+6%)	1mo	$330,000	$247	55
2012 Butterfield	0.69mi	3/2.0	1,388 (+10%)	4mo	$340,000	$245	48
1900 Faxon Ave	0.73mi	4/2.0 (+1)	1,405 (+11%)	3mo	$350,000	$249	40

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: -17.7%
• Equity multiple: 0.36×
• Total profit: $-49,708
• Equity at exit: $41,417

10-year hold

• IRR: -5.7%
• Equity multiple: 0.59×
• Total profit: $-32,037
• Equity at exit: $24,017

Cash invested: $77,778 (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: 314
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,043 high
• Mortgage (P&I): −$1,457
• Tax from tax record: −$204 /mo · $2,451/yr
• Insurance: −$116
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $-163

Break-even live

Break-even rent $2,249

Max offer price $249,039

Occupancy floor —

Sensitivity live

Price	-10% $-5	-5% $-84	+0% $-163	+5% $-241	+10% $-320
Rent	-10% $-324	-5% $-243	+0% $-163	+5% $-82	+10% $-1
Rate	-1.0pp $-23	-0.5pp $-92	base $-163	+0.5pp $-235	+1.0pp $-308

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: $69,444
• Closing costs: $8,333
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5516 Dustin St Bakersfield, CA	4.0	2.0	1507	$2,450	$1.63	45d	1	0.17mi
1000 Pacheco Rd Unit 131 Bakersfield, CA	3.0	1.0	1095	$1,650	$1.51	4d	1	0.57mi
331 Pacheco Rd Bakersfield, CA	2.0–3.0	1.5–2.0	1147	$1,700	$1.48	4d	3	0.62mi
4513 Barry St Bakersfield, CA	3.0	2.0	1492	$1,975	$1.32	4d	1	0.74mi
6513 Pine View Dr Bakersfield, CA	3.0	2.5	1600	$1,950	$1.22	4d	1	0.77mi
4519 Gordon St Bakersfield, CA	3.0	1.0	1051	$1,695	$1.61	4d	1	0.82mi
4605 Mount Everest Way Bakersfield, CA	3.0	2.0	1465	$2,250	$1.54	4d	1	0.87mi
4412 Gordon St Bakersfield, CA	3.0	1.0	1039	$1,795	$1.73	4d	1	0.88mi
2308 Kelso Peak Ave Bakersfield, CA	3.0	2.5	1752	$3,900	$2.23	5d	1	1.03mi
1318 Evadonna Rd Bakersfield, CA	3.0	2.0	1012	$2,200	$2.17	12d	1	1.11mi
400 White Ln Bakersfield, CA	2.0	1.0	900	$1,399	$1.55	4d	1	1.14mi
2625 Miria Dr Bakersfield, CA	3.0	1.0	1308	$1,850	$1.41	25d	1	1.16mi
1305 Quartz Hill Rd Bakersfield, CA	3.0	2.0	1351	$2,250	$1.67	4d	1	1.20mi
1050 E Panama Ln Bakersfield, CA	2.0	2.0	1015	$1,895	$1.87	45d	1	1.23mi
710 Chateau Ct Bakersfield, CA	3.0	2.0	1729	$2,200	$1.27	45d	1	1.34mi
600 Hosking Ave Unit 73D Bakersfield, CA	3.0	2.0	1230	$1,850	$1.50	45d	1	1.38mi
600 Hosking Ave Unit 43B Bakersfield, CA	2.0	1.5	1050	$1,650	$1.57	45d	1	1.38mi
600 Hosking Ave Unit 56A Bakersfield, CA	3.0	2.0	1200	$1,750	$1.46	4d	1	1.38mi
600 Hosking Ave Unit 51D Bakersfield, CA	3.0	2.0	1200	$1,800	$1.50	5d	1	1.38mi
600 Hosking Ave Unit 47C Bakersfield, CA	2.0	1.5	1008	$1,650	$1.64	4d	1	1.38mi
600 Hosking Ave Unit 75B Bakersfield, CA	2.0	1.5	1008	$1,650	$1.64	23d	1	1.38mi
600 Hosking Ave Unit 47B Bakersfield, CA	2.0	1.5	1008	$1,650	$1.64	12d	1	1.38mi
600 Hosking Ave Apt 69A Bakersfield, CA	3.0	2.0	1208	$1,850	$1.53	21d	1	1.38mi
3608 Balboa Dr Bakersfield, CA	3.0	1.5	1051	$2,195	$2.09	4d	1	1.41mi
4140 Teal St Apt 10 Bakersfield, CA	2.0	1.0	950	$1,295	$1.36	25d	1	1.42mi
4140 Teal St Bakersfield, CA	2.0	1.0	950	$1,525	$1.61	4d	1	1.42mi
4140 Teal St Unit 12A Bakersfield, CA	2.0	1.0	950	$1,525	$1.61	12d	1	1.42mi
3461 S Chester Ave Apt 19 Bakersfield, CA	2.0	1.5	975	$1,295	$1.33	45d	1	1.47mi

Listing history 32 events

1. 2026-06-21
   days on market $277,777 Active 53 DOM
2. 2026-06-18
   days on market $277,777 Active 50 DOM
3. 2026-06-17
   days on market $277,777 Active 49 DOM
4. 2026-06-16
   days on market $277,777 Active 48 DOM
5. 2026-06-15
   days on market $277,777 Active 47 DOM
6. 2026-06-14
   days on market $277,777 Active 45 DOM
7. 2026-06-13
   days on market $277,777 Active 44 DOM
8. 2026-06-10
   days on market $277,777 Active 42 DOM
9. 2026-06-09
   days on market $277,777 Active 41 DOM
10. 2026-06-08
    days on market $277,777 Active 40 DOM
11. 2026-06-07
    days on market $277,777 Active 39 DOM
12. 2026-06-05
    days on market $277,777 Active 36 DOM
13. 2026-06-03
    days on market $277,777 Active 35 DOM
14. 2026-06-03
    days on market $277,777 Active 34 DOM
15. 2026-06-01
    days on market $277,777 Active 33 DOM
16. 2026-05-31
    days on market $277,777 Active 32 DOM
17. 2026-04-29
    listed $277,777 Active 332-char remark
18. 2009-12-04
    price $108,900 162-char remark

    Show marketing remark (162 chars)

    Nice home located on a coner lot in move in condition. Brand new carpet and tile in kitchen and bathrooms. Bring me an offer today this one is in great condition.

19. 2009-12-03
    soldstatus $115,000 162-char remark

    Show marketing remark (162 chars)

    Nice home located on a coner lot in move in condition. Brand new carpet and tile in kitchen and bathrooms. Bring me an offer today this one is in great condition.

20. 2009-12-03
    soldstatus $115,000

    Show marketing remark (162 chars)

    Nice home located on a coner lot in move in condition. Brand new carpet and tile in kitchen and bathrooms. Bring me an offer today this one is in great condition.

21. 2009-10-10
    historical 162-char remark

    Show marketing remark (162 chars)

    Nice home located on a coner lot in move in condition. Brand new carpet and tile in kitchen and bathrooms. Bring me an offer today this one is in great condition.

22. 2009-08-05
    listed $115,000 162-char remark

    Show marketing remark (162 chars)

    Nice home located on a coner lot in move in condition. Brand new carpet and tile in kitchen and bathrooms. Bring me an offer today this one is in great condition.

23. 2004-12-17
    price $179,900

    Show marketing remark (133 chars)

    3 Bedroom 2 bath home in corner lot w/ fireplace and 2 car garage in SW Bakersfield w/ lots of extras. Won't last long at this price!

24. 2004-12-16
    soldstatus $180,000

    Show marketing remark (133 chars)

    3 Bedroom 2 bath home in corner lot w/ fireplace and 2 car garage in SW Bakersfield w/ lots of extras. Won't last long at this price!

25. 2004-12-16
    soldstatus $180,000

    Show marketing remark (133 chars)

    3 Bedroom 2 bath home in corner lot w/ fireplace and 2 car garage in SW Bakersfield w/ lots of extras. Won't last long at this price!

26. 2004-09-29
    historical

    Show marketing remark (133 chars)

    3 Bedroom 2 bath home in corner lot w/ fireplace and 2 car garage in SW Bakersfield w/ lots of extras. Won't last long at this price!

27. 2004-09-27
    listed $180,000

    Show marketing remark (133 chars)

    3 Bedroom 2 bath home in corner lot w/ fireplace and 2 car garage in SW Bakersfield w/ lots of extras. Won't last long at this price!

28. 2002-04-05
    price $21,900
29. 2001-09-14
    soldstatus $92,500
30. 2000-10-20
    soldstatus $25,050
31. 2000-08-29
    historical
32. 2000-08-10
    listed $25,050

ⓘ 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: $2,451 · $204/mo
• Projected year-2 tax: $2,451 · $204/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 4/10 Moderate
• 🌡 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 · 37 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,517
• − Mortgage interest: −$15,560
• − Property taxes: −$2,451
• − Insurance: −$1,389
• − Repairs & maintenance: −$1,961
• − Management: −$1,961
• − Depreciation: −$8,081
• Taxable loss: −$6,887
• Est. tax savings @ 24.0%: +$1,653
• After-tax cash flow: $-299/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

+1008.9% since first listed

16 events — show timeline

• 2026-04-29 Listed $277,777 GEMLS
• 2009-12-04 Price Changed $108,900 GEMLS
• 2009-12-03 Sold (Public Records) $115,000 Public Records
• 2009-12-03 Sold (MLS) $115,000 GEMLS
• 2009-10-10 Delisted — GEMLS
• 2009-08-05 Listed $115,000 GEMLS
• 2004-12-17 Price Changed $179,900 GEMLS
• 2004-12-16 Sold (Public Records) $180,000 Public Records
• 2004-12-16 Sold (MLS) $180,000 GEMLS
• 2004-09-29 Delisted — GEMLS
• 2004-09-27 Listed $180,000 GEMLS
• 2002-04-05 Price Changed $21,900 GEMLS
• 2001-09-14 Sold (Public Records) $92,500 Public Records
• 2000-10-20 Sold (MLS) $25,050 GEMLS
• 2000-08-29 Delisted — GEMLS
• 2000-08-10 Listed $25,050 GEMLS

Property tax history

+2.7%/yr

Latest (2025): $2,451 · +2.1% YoY. Source: county tax records.