1032 E 19th St #3 · Bakersfield, CA 93305

$308,000

None bd · None ba · 1,982 sqft · Condo · 206 Days on market

Built 1914 Fair condition

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +4.3/30.0
• Rent growth +4.2/5.0
• Schools +3.4/10.0
• Livability +2.9/5.0
• Condition / age +2.2/5.0
• 1% rule +0.4/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a great opportunity be come an investor two separates APN 3 units buy only 3 units or both are next with different APN If you buy both come with $200,000 down payment and the seller can finance the rest with 7% interest.

Key facts

• 7,405 sq ft lot
• 3 garage spots
• Built 1914

What this means for you Summary

Snapshot

• This is a condo listed at $308k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-816 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (38.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $166k (46.0% below list).
• Recommended offer: $166k (46.0% below list) — sets the bar for 1% rule.

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 (+6.8%/yr); 143 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• At $1,662/mo this rent would consume 46% of the median local household income ($43k/yr) (locally 2376% 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 $9k 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 206 days — a 12% lower offer ($271k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1914 — 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 $166,181 (46.0% 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 206 days. Have you received any prior offers? Is the seller open to a 46% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. Built in 1914 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 0.54% ✗
• Cap rate: 3.11%
• Cash-on-cash: -11.35%
• DSCR: 0.49
• GRM: 15.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 6.79% rent growth · sell at horizon

5-year hold

• IRR: -33.0%
• Equity multiple: -0.10×
• Total profit: $-95,258
• Equity at exit: $45,924

10-year hold

• IRR: -24.7%
• Equity multiple: -0.40×
• Total profit: $-120,556
• Equity at exit: $26,630

Cash invested: $86,240 (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 93305

• Home prices YoY: -29.9%
• Rents YoY: 6.8%
• Active inventory: 143
• Price-to-rent: 15.4×

Monthly cashflow live

• Estimated rent: $1,662 high
• Mortgage (P&I): −$1,615
• Tax est. 1.5%: −$385 /mo · $4,620/yr
• Insurance: −$128
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $-816

Break-even live

Break-even rent $2,694

Max offer price $189,969

Occupancy floor —

Sensitivity live

Price	-10% $-603	-5% $-709	+0% $-816	+5% $-922	+10% $-1,029
Rent	-10% $-947	-5% $-881	+0% $-816	+5% $-750	+10% $-684
Rate	-1.0pp $-661	-0.5pp $-737	base $-816	+0.5pp $-895	+1.0pp $-977

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: $77,000
• Closing costs: $9,240
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1500 Palm Dr Bakersfield, CA	3.0	2.0	2000	$2,200	$1.10	3d	1	1.06mi
520 Union Ave Unit C Bakersfield, CA	3.0	2.0	1610	$1,195	$0.74	3d	1	1.16mi
136 Clifton St Bakersfield, CA	3.0	1.0	1308	$1,775	$1.36	3d	1	1.16mi
114 Flower St Bakersfield, CA	3.0	1.5	1771	$2,000	$1.13	3d	1	1.17mi
115 Irene St Bakersfield, CA	3.0	1.0	1620	$1,900	$1.17	3d	1	1.35mi
525 Jeffrey St Bakersfield, CA	2.0	1.0	1700	$1,700	$1.00	3d	1	1.39mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-18
   days on market $308,000 Active 206 DOM
2. 2026-06-17
   days on market $308,000 Active 205 DOM
3. 2026-06-16
   days on market $308,000 Active 204 DOM
4. 2026-06-15
   days on market $308,000 Active 203 DOM
5. 2026-06-14
   days on market $308,000 Active 201 DOM
6. 2026-06-10
   days on market $308,000 Active 198 DOM
7. 2026-06-09
   days on market $308,000 Active 197 DOM
8. 2026-06-08
   days on market $308,000 Active 196 DOM
9. 2026-06-07
   days on market $308,000 Active 195 DOM
10. 2026-06-05
    days on market $308,000 Active 192 DOM
11. 2026-06-03
    days on market $308,000 Active 191 DOM
12. 2026-06-03
    days on market $308,000 Active 190 DOM
13. 2026-06-01
    days on market $308,000 Active 189 DOM
14. 2026-05-31
    days on market $308,000 Active 188 DOM
15. 2026-01-28
    price $308,000 228-char remark

    Show marketing remark (228 chars)

    This is a great opportunity be come an investor two separates APN 3 units buy only 3 units or both are next with different APN If you buy both come with $200,000 down payment and the seller can finance the rest with 7% interest.

16. 2025-11-25
    listed $285,000 Active 228-char remark

    Show marketing remark (228 chars)

    This is a great opportunity be come an investor two separates APN 3 units buy only 3 units or both are next with different APN If you buy both come with $200,000 down payment and the seller can finance the rest with 7% interest.

ⓘ 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 · 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: $19,942
• − Mortgage interest: −$17,253
• − Property taxes: −$4,620
• − Insurance: −$1,540
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − Depreciation: −$8,960
• Taxable loss: −$15,622
• Est. tax savings @ 24.0%: +$3,749
• After-tax cash flow: $-6,039/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.

Condition & rehab AI · 3 photos

Fair 45/100 Moderate rehab

This multi-family property requires moderate repairs and maintenance to improve its curb appeal and value. Focus on repairing the siding, painting the exterior, and maintaining the landscaping.

Repairs flagged

• Major siding — Significant wear and tear
• Major landscaping — Overgrown and unkempt
• Major exterior walls — Visible discoloration

Value-add opportunities

• Both paint exterior walls — Enhances curb appeal and value
• Both landscaping — Improves curb appeal and rental appeal
• Both repair siding — Fixes major issue and improves appearance

Renovation cost estimate screening

Repair item	Severity	Est. cost
siding · Significant wear and tear	Major	$15,000–50,000
landscaping · Overgrown and unkempt	Major	$15,000–50,000
exterior walls · Visible discoloration	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Both paint exterior walls — Enhances curb appeal and value ↑
• Both landscaping — Improves curb appeal and rental appeal ↑
• Both repair siding — Fixes major issue and improves appearance ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 37,714
• Household income: $43,244
• Rent vs Own: 65.8% rent · 34.2% own
• Severe rent burden: 2376.0

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 (76%)
• Race & ethnicity: Hispanic / Latino 76% Two or more races 18% White 16% Black 5% Native American 3%
• Hispanic origin (detail): Mexican 69% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Serbian 1% Dutch 1%
• Foreign-born: 22% · Canada
• Languages at home: 45% English-only · Spanish 54%

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: ▼ -181.24%
• Current HPI: 424.6051
• Rent YoY: ▲ 6.79%
• 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

+8.1% since first listed

2 events — show timeline

• 2026-01-28 Price Changed $308,000 GEMLS
• 2025-11-25 Listed $285,000 GEMLS