1028 S Yorktown St · Ridgecrest, CA 93555

$150,000

3 bd · 1.0 ba · 936 sqft · SingleFamily public records · 140 Days on market

Built 1974 5,663 sqft lot $160/sqft · 31% below area Est $217k · 31% under ↓ 14% since listing

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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 +17.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.4/10.0
• 1% rule +3.8/10.0
• Livability +3.5/5.0
• Rent growth +3.4/5.0
• Schools +2.9/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

Key facts

• Leased solar system
• Large back patio
• Spacious backyard

Tags

• LARGE BACK PATIO
• SPACIOUS BACKYARD
• DUAL COOLING AND HEATING
• LEASED SOLAR SYSTEM
• STORAGE SHED
• BLOCK WALL BACKYARD FENCE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $114 ($1k/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 $132k (12.2% below list).
• Recommended offer: $132k (12.2% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.0% in Ridgecrest — 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 70/100 on livability (#243 in CA) — a middle-class / working-renter tenant base. Strengths: commute A+, housing A+; Watch: amenities D+, cost of living D+, crime F.
• Sierra Sands Unified (town): math 25% / reading 39% proficiency, ranked #294 of 517 in CA (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Faller Elementary (math 21% / reading 37%, grade F, #891 of 1,571 statewide, top 57%, 538 students, 48% FRL); James Monroe Middle (math 16% / reading 29%, grade F, #382 of 498 statewide, top 78%, 548 students, 49% FRL); Burroughs High (math 37% / reading 70%, grade C-, #281 of 1,170 statewide, top 24%, 1,479 students, 40% FRL) — zoned schools at 46% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 332 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k 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 140 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,740 (12.2% below list)

Questions for the listing agent

1. It's been on market 140 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 1974 — 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. 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. 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.
7. 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.
8. 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: 0.88% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.25%
• DSCR: 1.14
• GRM: 9.5

CMA / ARV

• ARV (median comp): $217,013
• List price: $150,000
• Delta: -30.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1105 S Mccall St	0.11mi	2/1.0 (-1)	848 (-9%)	2mo	$145,500	$172	72
920 S Farragut St	0.15mi	2/1.0 (-1)	848 (-9%)	2mo	$195,000	$230	70
801 S Sunset St	0.61mi	3/1.0	936 (0%)	7mo	$229,000	$245	66
1124 W Mariposa	0.42mi	3/1.0	936 (0%)	20mo	$215,000	$230	64
1217 W Upjohn Ave	0.74mi	3/1.0	936 (0%)	2mo	$206,000	$220	64
930 W Hood Ave	0.11mi	2/2.0 (-1)	1,040 (+11%)	7mo	$215,000	$207	61
1212 W Willow Ave	0.42mi	2/1.0 (-1)	861 (-8%)	2mo	$197,000	$229	61
917 S Yorktown St	0.12mi	3/1.5	1,040 (+11%)	23mo	$214,900	$207	55
934 W Vulcan Ave	0.16mi	3/2.0	1,044 (+12%)	18mo	$240,000	$230	54
1504 S Yorktown St	0.57mi	2/1.0 (-1)	836 (-11%)	22mo	$205,000	$245	32

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.61×
• Total profit: $-16,344
• Equity at exit: $22,365

10-year hold

• IRR: -0.6%
• Equity multiple: 0.95×
• Total profit: $-1,895
• Equity at exit: $12,969

Cash invested: $42,000 (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 93555

• Home prices YoY: -24.0%
• Rents YoY: 3.6%
• Active inventory: 332
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,317 high
• Mortgage (P&I): −$787
• Tax from tax record: −$78 /mo · $936/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $114

Break-even live

Break-even rent $1,174

Max offer price $150,000

Occupancy floor 86%

Sensitivity live

Price	-10% $199	-5% $156	+0% $114	+5% $71	+10% $29
Rent	-10% $10	-5% $62	+0% $114	+5% $166	+10% $218
Rate	-1.0pp $189	-0.5pp $152	base $114	+0.5pp $75	+1.0pp $35

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1340 W Mariposa Ave Unit 1 Ridgecrest, CA	2.0	1.0	780	$1,495	$1.92	4d	1	0.55mi
741 S Allen St Unit B Ridgecrest, CA	2.0	1.0	700	$950	$1.36	45d	1	0.67mi
1217 W Upjohn Ave Ridgecrest, CA	3.0	1.0	936	$950	$1.01	4d	1	0.73mi
736 S Norma St Unit C Ridgecrest, CA	2.0	1.0	800	$1,000	$1.25	4d	1	0.77mi
824 S Norma St Unit 804B Ridgecrest, CA	2.0	2.0	850	$1,550	$1.82	4d	1	0.78mi
824 S Norma St Unit 848B Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	25d	1	0.78mi
824 S Norma St Unit 832A Ridgecrest, CA	3.0	2.0	925	$1,650	$1.78	4d	1	0.78mi
824 S Norma St Unit 848A Ridgecrest, CA	2.0	1.0	800	$1,350	$1.69	4d	1	0.78mi
707 S Norma St Ridgecrest, CA	2.0	1.0	950	$1,000	$1.05	4d	1	0.78mi
413 S Sunset St Unit C Ridgecrest, CA	2.0	1.0	900	$1,050	$1.17	4d	1	0.97mi
430 W Wilson Ave Ridgecrest, CA	3.0	1.0	1080	$1,350	$1.25	4d	1	1.11mi
424 W Wilson Ave Unit A Ridgecrest, CA	2.0	1.0	900	$995	$1.11	4d	1	1.13mi
327 W Haloid Ave Ridgecrest, CA	2.0	1.5	800	$1,100	$1.38	4d	1	1.13mi
1140 College Heights Blvd Ridgecrest, CA	2.0	1.0	950	$1,050	$1.11	4d	1	1.19mi
308 W Wilson Ave Apt B Ridgecrest, CA	2.0	1.0	880	$1,275	$1.45	4d	1	1.24mi
141 W Upjohn Ave Unit 109 Ridgecrest, CA	2.0	2.0	1000	$1,100	$1.10	4d	1	1.26mi
139 S Norma St Unit B Ridgecrest, CA	2.0	1.0	810	$950	$1.17	4d	1	1.27mi
135 S Norma St Apt A Ridgecrest, CA	2.0	1.0	810	$975	$1.20	4d	1	1.28mi
235 W Robertson Rd Ridgecrest, CA	2.0	1.0	725	$1,250	$1.72	4d	1	1.29mi
311 W Church Ave Unit B Ridgecrest, CA	2.0	1.0	780	$1,475	$1.89	4d	1	1.30mi
219 W Robertson Rd Ridgecrest, CA	3.0	1.0	955	$1,200	$1.26	20d	1	1.33mi

Listing history 9 events

1. 2026-06-02
   status $150,000 Pending 140 DOM
2. 2026-06-01
   days on market $150,000 Active Under Contract 140 DOM
3. 2026-05-31
   days on market $150,000 Active Under Contract 139 DOM
4. 2026-05-20
   status Active 859-char remark

   Show marketing remark (859 chars)

   Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

5. 2026-05-09
   status Pending 859-char remark

   Show marketing remark (859 chars)

   Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

6. 2026-04-24
   price $150,000 859-char remark

   Show marketing remark (859 chars)

   Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

7. 2026-03-23
   price $155,000 859-char remark

   Show marketing remark (859 chars)

   Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

8. 2026-02-18
   price $165,000 859-char remark

   Show marketing remark (859 chars)

   Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

9. 2026-01-02
   listed $175,000 Active 859-char remark

   Show marketing remark (859 chars)

   Up for your consideration is this cosy 3-Bed/1-Bath, 936 Sq Ft home with a large back patio and a spacious backyard in Ridgecrest Heights. Carpet and tile flooring. Dual cooling and heating. AC and evaporative cooler are both installed on the ground. Leased solar system on the roof. Natural gas, city water and on sewer. Storage shed in the backyard. Sturdy block wall backyard fence. Provides privacy. Short drive to the Naval Air Weapons Station, China Lake ( NAWS ). Sold as-is. All Owner Occupant offers will be responded to after 7 days on the market and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period. - All offers must be entered through propoffers.com. For financed offers EMD to be 1% or $1000 whichever is greater and for cash offers EMD to be 5% or $5000 whichever is greater.

ⓘ 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: $936 · $78/mo
• Projected year-2 tax: $1,140 · $95/mo
• Expected delta: +$204/yr (+$17/mo · 21.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 8 d/yr ≥103°F today · 23 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 14 unhealthy d/yr today · 15 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,809
• − Mortgage interest: −$8,402
• − Property taxes: −$936
• − Insurance: −$750
• − Repairs & maintenance: −$1,265
• − Management: −$1,265
• − Depreciation: −$4,364
• Taxable loss: −$1,173
• Est. tax savings @ 24.0%: +$281
• After-tax cash flow: $1,645/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: Sierra Sands Unified
• NCES district ID: 0636800
• Math proficiency: 25% ▼ -11.00%
• Reading proficiency: 39% ▼ -11.00%
• Median HH income: $58,937
• Composite: 28.66/100
• National rank: #6699
• State rank: #294 of 517 in CA

Livability — Ridgecrest

• Score: 70/100
• State rank: #243
• US rank: #8014

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ridgecrest, CA
• County: Kern County · 710,371 people
• City population: 33,845
• Metro: Bakersfield, CA
• Population (ZIP): 33,845
• Household income: $86,700
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 975.0

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: Majority White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 20% Two or more races 12% Black 4% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Italian 4% Lithuanian 2% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 84% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 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: ▼ -120.17%
• Current HPI: 380.5208
• Rent YoY: ▲ 3.58%
• 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

-14.3% since first listed

6 events — show timeline

• 2026-05-20 Relisted — SSMLS
• 2026-05-09 Pending — SSMLS
• 2026-04-24 Price Changed $150,000 SSMLS
• 2026-03-23 Price Changed $155,000 SSMLS
• 2026-02-18 Price Changed $165,000 SSMLS
• 2026-01-02 Listed $175,000 SSMLS

Property tax history

+2.5%/yr

Latest (2025): $936 · +3.6% YoY. Source: county tax records.