2011 67th W · Rosamond, CA 93560

$179,900

2 bd · 1.0 ba · 810 sqft · SingleFamily public records · 86 Days on market

Built 1947 20 ac lot ↓ 36% 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 +26.6/30.0
• DSCR +9.1/10.0
• ARV discount +7.5/15.0
• Appreciation +6.2/10.0
• 1% rule +5.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Contractor / Builder Opportunity! This 20-acre parcel offers exceptional upside with an existing 810 sq ft structure already in place--providing a valuable head start compared to building on raw land. Take advantage of the current footprint and available utilities to streamline your project and maximize potential returns. Located in Kern County, an area known for its relatively accessible permitting process, this property presents a favorable environment for expansion or development of a custom home. Conveniently situated just minutes from local dining, schools, and access to the State Route 14, the location balances rural space with everyday accessibility. Zoned for residential use with a minimum of 2.5 acres per home, the parcel may offer the potential to subdivide into up to eight buildable lots (buyer to verify). Additionally, due to its proximity to major transportation routes and infrastructure, there may be an opportunity to pursue a zoning change to light commercial--ideal for uses such as a trucking or logistics operation. Buyer to verify all zoning, land use, subdivision potential, and development requirements with the appropriate local agencies. This is a rare chance to unlock significant value with a wide range of possibilities. Uninhabitable structure. Property sold AS IS for land / utility value only.

Key facts

• Available utilities
• Existing structure
• 20 acre parcel

Tags

• 20 ACRE PARCEL
• EXISTING STRUCTURE
• AVAILABLE UTILITIES
• ZONED FOR RESIDENTIAL USE
• POTENTIAL TO SUBDIVIDE
• MAJOR TRANSPORTATION ROUTES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $354 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 4.3% in Rosamond — 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 49/100 on livability (#1,178 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools F, crime F, amenities F.
• Southern Kern Unified (town): math 25% / reading 25% proficiency, ranked #387 of 517 in CA (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 458 active listings in the ZIP; solid renter incomes; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• This rent runs 30% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $6k of equity ($1k loan paydown + $4k appreciation (2.4% local appreciation)).
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo; built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 1.09% ✓
• Cap rate: 9.49%
• Cash-on-cash: 11.43%
• DSCR: 1.51
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.9%
• Equity multiple: 1.77×
• Total profit: $38,646
• Equity at exit: $74,933

10-year hold

• IRR: 16.2%
• Equity multiple: 3.25×
• Total profit: $113,103
• Equity at exit: $111,047

Cash invested: $50,372 (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 93560

• Home prices YoY: 0.6%
• Active inventory: 458
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,960 medium
• Mortgage (P&I): −$943
• Tax from tax record: −$50 /mo · $603/yr
• Insurance: −$75
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $354

Break-even live

Break-even rent $1,511

Max offer price $179,900

Occupancy floor 77%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $179,900 Active 86 DOM
2. 2026-06-17
   days on market $179,900 Active 85 DOM
3. 2026-06-16
   days on market $179,900 Active 84 DOM
4. 2026-06-15
   days on market $179,900 Active 83 DOM
5. 2026-06-13
   days on market $179,900 Active 81 DOM
6. 2026-06-13
   days on market $179,900 Active 80 DOM
7. 2026-06-09
   days on market $179,900 Active 77 DOM
8. 2026-06-08
   days on market $179,900 Active 76 DOM
9. 2026-06-07
   days on market $179,900 Active 75 DOM
10. 2026-06-04
    days on market $179,900 Active 72 DOM
11. 2026-06-03
    days on market $179,900 Active 71 DOM
12. 2026-06-02
    days on market $179,900 Active 70 DOM
13. 2026-06-01
    days on market $179,900 Active 69 DOM
14. 2026-05-31
    days on market $179,900 Active 68 DOM
15. 2026-04-07
    listed $179,000 Active 1336-char remark

    Show marketing remark (1336 chars)

    Contractor / Builder Opportunity! This 20-acre parcel offers exceptional upside with an existing 810 sq ft structure already in place--providing a valuable head start compared to building on raw land. Take advantage of the current footprint and available utilities to streamline your project and maximize potential returns. Located in Kern County, an area known for its relatively accessible permitting process, this property presents a favorable environment for expansion or development of a custom home. Conveniently situated just minutes from local dining, schools, and access to the State Route 14, the location balances rural space with everyday accessibility. Zoned for residential use with a minimum of 2.5 acres per home, the parcel may offer the potential to subdivide into up to eight buildable lots (buyer to verify). Additionally, due to its proximity to major transportation routes and infrastructure, there may be an opportunity to pursue a zoning change to light commercial--ideal for uses such as a trucking or logistics operation. Buyer to verify all zoning, land use, subdivision potential, and development requirements with the appropriate local agencies. This is a rare chance to unlock significant value with a wide range of possibilities. Uninhabitable structure. Property sold AS IS for land / utility value only.

16. 2026-03-24
    listed $179,900 Active 1270-char remark

    Show marketing remark (1270 chars)

    Contractor / Builder Opportunity! This 20-acre parcel offers exceptional upside with an existing 810 sq ft structure already in place—providing a valuable head start compared to building on raw land. Take advantage of the current footprint and available utilities to streamline your project and maximize potential returns. Located in Kern County, an area known for its relatively accessible permitting process, this property presents a favorable environment for expansion or development of a custom home. Conveniently situated just minutes from local dining, schools, and access to the State Route 14, the location balances rural space with everyday accessibility. Zoned for residential use with a minimum of 2.5 acres per home, the parcel may offer the potential to subdivide into up to eight buildable lots (buyer to verify). Additionally, due to its proximity to major transportation routes and infrastructure, there may be an opportunity to pursue a zoning change to light commercial—ideal for uses such as a trucking or logistics operation. Buyer to verify all zoning, land use, subdivision potential, and development requirements with the appropriate local agencies. This is a rare chance to unlock significant value with a wide range of possibilities.

17. 2025-08-18
    price $280,000
18. 2023-12-15
    listed Active

ⓘ 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: $603 · $50/mo
• Projected year-2 tax: $1,367 · $114/mo
• Expected delta: +$764/yr (+$64/mo · 126.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone A · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥100°F today · 20 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 8/10 Severe 15 unhealthy d/yr today · 21 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,518
• − Mortgage interest: −$10,077
• − Property taxes: −$603
• − Insurance: −$2,402
• − Repairs & maintenance: −$1,881
• − Management: −$1,881
• − Depreciation: −$5,233
• Taxable income: $1,440
• Est. tax owed @ 24.0%: −$346
• After-tax cash flow: $3,908/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: Southern Kern Unified
• NCES district ID: 0637620
• Math proficiency: 25% ▲ 7.00%
• Reading proficiency: 25% ▼ -8.00%
• Median HH income: $54,523
• Composite: 22.5/100
• National rank: #8093
• State rank: #387 of 517 in CA

Livability — Rosamond

• Score: 49/100
• State rank: #1178
• US rank: #25952

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rosamond, CA
• County: Kern County · 710,371 people
• City population: 22,119
• Metro: Bakersfield, CA
• Population (ZIP): 22,119
• Household income: $77,431
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 425.0

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 0.68)
• Race & ethnicity: Hispanic / Latino 45% White 32% Two or more races 17% Black 13% Asian 3% Native American 1%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Portuguese 2% Italian 2% Lithuanian 1%
• Foreign-born: 13% · Canada
• Languages at home: 68% English-only · Spanish 28% Other Indo-European 2% 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: ▲ 2.40%
• Current HPI: 403.7206
• Rent YoY: —
• 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

-36.1% since first listed

4 events — show timeline

• 2026-04-07 Listed $179,000 AVMLS
• 2026-03-24 Listed $179,900 CRMLS
• 2025-08-18 Price Changed $280,000 AVMLS
• 2023-12-15 Listed — TheMLS

Property tax history

+4.0%/yr

Latest (2025): $603 · +5.6% YoY. Source: county tax records.