3622 Dalen Pl · Bakersfield, CA 93309

$499,000

4 bd · None ba · 1,920 sqft · MultiFamily public records · 31 Days on market

Built 1946 0.47 ac lot Est $417k · 20% over

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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).

• Cash flow +14.8/30.0
• DSCR +4.5/10.0
• 1% rule +3.8/10.0
• Schools +3.4/10.0
• Rent growth +3.3/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks MLS

Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

Key facts

• 0.47 acre lot
• Built 1946
• Listed 31 days

Property features AI

Finance

• Other: Price per unit listed as $166,333.33
• Financial info: Property contains 3 units total; Unit rents: one 4+ bed unit at $2,400/month; other units are 1-bedroom units renting at $800/month and $900/month; Income/expense reporting listed as actual; Vacancy factor listed as 1.00; Annual gross and net income and total annual expense reported nominally as $1 (see remarks/financials for details)

Exterior

• Parking: Uncovered parking
• Utilities: Sewer service
• Home design: Single-story building
• Construction: Slab foundation; Composition roof
• Exterior features: Lot approximately 0.47 acres; Zoned R1

Interior

• Bedrooms: One 4+ bedroom unit; Multiple 1-bedroom units
• Bathrooms: Unit with 1.75 baths; Units with 1 bath
• Heating & cooling: Floor/wall heaters
• Interior features: Tenant-occupied

What this means for you Summary

Snapshot

• This is a 1×4bd/2ba + 2×1bd/1ba units multifamily listed at $499k.

Deal economics

• At list price, monthly cash flow is $140 ($2k/yr) — positive. Per door: $47/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $438k (12.3% below list).
• Recommended offer: $438k (12.3% below list) — sets the bar for 1% rule.
• Cap rate 6.6% 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: Caroline Harris Elementary (573 students, 82% FRL); Curran Middle (1,023 students, 87% FRL); Bakersfield High (math 17% / reading 90%, grade C-, #281 of 1,170 statewide, top 24%, 3,004 students, 82% FRL).
• Zoned-school proficiency averages 54% at this address vs 36% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Kern High average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.2%/yr); 208 active listings in the ZIP; 14 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k 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 31 days — a 3% lower offer ($484k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 22y 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 $265k; list at $499k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1946 — 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 $437,600 (12.3% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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. 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?
9. 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.
10. 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.
11. 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: 0.88% ✗
• Cap rate: 6.63%
• Cash-on-cash: 1.20%
• DSCR: 1.05
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $416,640
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6 N Mcdonald Way	0.48mi	3/2.0 (-1)	1,942 (+1%)	22mo	$365,000	$188	52
2906 Terrace Way	0.68mi	3/3.0 (-1)	1,752 (-9%)	16mo	$380,000	$217	36

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 · 3.2% rent growth · sell at horizon

5-year hold

• IRR: -14.2%
• Equity multiple: 0.49×
• Total profit: $-71,095
• Equity at exit: $74,403

10-year hold

• IRR: -5.1%
• Equity multiple: 0.66×
• Total profit: $-46,877
• Equity at exit: $43,144

Cash invested: $139,720 (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 93309

• Rents YoY: 3.2%
• Active inventory: 208
• Price-to-rent: 21.4×

Monthly cashflow live

• Estimated rent: $4,376 medium
• Mortgage (P&I): −$2,617
• Tax from tax record: −$493 /mo · $5,912/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$919
• Net cashflow: $140

Break-even live

Break-even rent $4,199

Max offer price $499,000

Occupancy floor 92%

Sensitivity live

Price	-10% $422	-5% $281	+0% $140	+5% $-2	+10% $-143
Rent	-10% $-206	-5% $-33	+0% $140	+5% $313	+10% $485
Rate	-1.0pp $391	-0.5pp $267	base $140	+0.5pp $10	+1.0pp $-121

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

Units	Beds	Baths	Est. rent
1× unit	4	2	$1,945
▸ 2× units	1	1	$2,430
Total (3 units)			$4,376

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: $124,750
• Closing costs: $14,970
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9 Dunlap St Bakersfield, CA	4.0	2.0	1379	$1,600	$1.16	4d	1	0.41mi
4213 Garnsey Ln Bakersfield, CA	3.0	2.0	1901	$2,450	$1.29	5d	1	0.55mi
515 Cherokee Dr Bakersfield, CA	3.0	1.0	1420	$1,999	$1.41	4d	1	0.60mi
3825 Bianchi Way Bakersfield, CA	3.0	2.0	1523	$2,098	$1.38	4d	1	0.86mi
5101 Hunter Ave Bakersfield, CA	3.0	2.0	1360	$1,350	$0.99	16d	1	1.02mi
510 Holtby Rd Bakersfield, CA	3.0	1.5	1356	$1,900	$1.40	4d	1	1.02mi
5000 Belle Ter Bakersfield, CA	3.0	2.0	1250	$1,625	$1.30	4d	1	1.05mi
4901 Belle Ter #7 Bakersfield, CA	3.0	2.0	1356	$1,800	$1.33	45d	1	1.08mi
901 Mohawk St Bakersfield, CA	2.0–3.0	2.5	1367	$2,025	$1.48	4d	4	1.10mi
801 Oleander Ave Bakersfield, CA	3.0	2.0	1700	$2,480	$1.46	4d	1	1.22mi
2620 Truxtun Ave Bakersfield, CA	4.0	2.0	1659	$2,225	$1.34	45d	1	1.26mi
715 Houchin Rd Bakersfield, CA	3.0	2.0	1650	$2,150	$1.30	45d	1	1.34mi
5904 Stockdale Hwy Apt 1 Bakersfield, CA	3.0	2.0	1640	$1,600	$0.98	21d	1	1.35mi
825 H St Bakersfield, CA	3.0	2.0	1612	$2,000	$1.24	45d	1	1.37mi

Listing history 50 events

1. 2026-06-22
   days on market $499,000 Active 31 DOM
2. 2026-06-18
   days on market $499,000 Active 28 DOM
3. 2026-06-17
   days on market $499,000 Active 27 DOM
4. 2026-06-16
   days on market $499,000 Active 26 DOM
5. 2026-06-15
   days on market $499,000 Active 25 DOM
6. 2026-06-14
   days on market $499,000 Active 23 DOM
7. 2026-06-10
   days on market $499,000 Active 20 DOM
8. 2026-06-09
   days on market $499,000 Active 19 DOM
9. 2026-06-08
   days on market $499,000 Active 18 DOM
10. 2026-06-07
    days on market $499,000 Active 17 DOM
11. 2026-06-05
    days on market $499,000 Active 14 DOM
12. 2026-06-03
    days on market $499,000 Active 13 DOM
13. 2026-06-03
    days on market $499,000 Active 12 DOM
14. 2026-06-01
    days on market $499,000 Active 11 DOM
15. 2026-05-31
    days on market $499,000 Active 10 DOM
16. 2026-05-21
    listed $499,000 Active
17. 2018-07-27
    soldstatus $265,000
18. 2017-12-12
    soldstatus $249,000 Sold 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

19. 2017-12-12
    soldstatus $249,000 Sold 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

20. 2017-12-12
    soldstatus $249,000

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

21. 2017-10-18
    status Pending 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

22. 2017-10-18
    status Pending 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

23. 2017-09-20
    status Active 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

24. 2017-09-16
    status Active 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

25. 2017-06-08
    status Pending 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

26. 2017-06-08
    status Pending 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

27. 2016-11-29
    listed $249,000 Active 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

28. 2016-11-28
    listed $249,000 Active 286-char remark

    Show marketing remark (286 chars)

    Recently upgraded. 3 Houses on one lot. All units rented. 1st house has 4 bedroom 2 bath with two living rooms, new carpet and paint throughout. 2 laundry room. --------- 2nd house is a studio , with kitchen and bathroom ------- the 3rd is one bedroom, living room, bathroom and kitchen

29. 2015-10-12
    price $229,000
30. 2013-11-27
    soldstatus $159,500
31. 2013-11-27
    soldstatus $159,500
32. 2013-10-17
    historical
33. 2013-10-17
    price $168,000
34. 2013-08-30
    listed $159,500
35. 2012-11-26
    soldstatus $130,000
36. 2012-11-26
    soldstatus $130,000
37. 2012-10-04
    historical
38. 2012-10-04
    price $140,000
39. 2012-07-09
    listed $130,000
40. 2008-11-10
    soldstatus $112,500
41. 2008-06-17
    price $141,000
42. 2008-06-17
    historical
43. 2007-12-23
    historical
44. 2007-11-29
    listed $112,500
45. 2007-06-28
    listed $400,000
46. 2005-04-29
    soldstatus $325,000
47. 2005-04-29
    soldstatus $325,000
48. 2005-01-26
    historical
49. 2004-10-31
    listed $325,000
50. 2004-07-20
    price $179,950

ⓘ 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: $5,912 · $493/mo
• Projected year-2 tax: $5,912 · $493/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 · 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: $52,512
• − Mortgage interest: −$27,952
• − Property taxes: −$5,912
• − Insurance: −$2,495
• − Repairs & maintenance: −$4,201
• − Management: −$4,201
• − Depreciation: −$14,516
• Taxable loss: −$6,765
• Est. tax savings @ 24.0%: +$1,624
• After-tax cash flow: $3,300/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): 63,217
• Household income: $63,544
• Rent vs Own: 52.9% rent · 47.1% own
• Severe rent burden: 3180.0

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 0.61)
• Race & ethnicity: Hispanic / Latino 54% White 30% Two or more races 29% Black 8% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 46%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 16% · Canada, China
• Languages at home: 62% English-only · Spanish 34% Other Indo-European 1% Tagalog/Filipino 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: ▼ -296.97%
• Current HPI: 376.8674
• Rent YoY: ▲ 3.20%
• 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

+171.3% since first listed

39 events — show timeline

• 2026-05-21 Listed $499,000 GEMLS
• 2018-07-27 Sold (Public Records) $265,000 Public Records
• 2017-12-12 Sold (Public Records) $249,000 Public Records
• 2017-12-12 Sold (MLS) $249,000 GEMLS
• 2017-12-12 Sold (MLS) $249,000 GEMLS
• 2017-10-18 Pending — GEMLS
• 2017-10-18 Pending — GEMLS
• 2017-09-20 Relisted — GEMLS
• 2017-09-16 Relisted — GEMLS
• 2017-06-08 Pending — GEMLS
• 2017-06-08 Pending — GEMLS
• 2016-11-29 Listed $249,000 GEMLS
• 2016-11-28 Listed $249,000 GEMLS
• 2015-10-12 Price Changed $229,000 GEMLS
• 2013-11-27 Sold (Public Records) $159,500 Public Records
• 2013-11-27 Sold (MLS) $159,500 GEMLS
• 2013-10-17 Price Changed $168,000 GEMLS
• 2013-10-17 Delisted — GEMLS
• 2013-08-30 Listed $159,500 GEMLS
• 2012-11-26 Sold (Public Records) $130,000 Public Records
• 2012-11-26 Sold (MLS) $130,000 GEMLS
• 2012-10-04 Price Changed $140,000 GEMLS
• 2012-10-04 Delisted — GEMLS
• 2012-07-09 Listed $130,000 GEMLS
• 2008-11-10 Sold (MLS) $112,500 GEMLS
• 2008-06-17 Delisted — GEMLS
• 2008-06-17 Price Changed $141,000 GEMLS
• 2007-12-23 Listing Removed — CRMLS
• 2007-11-29 Listed $112,500 GEMLS
• 2007-06-28 Listed $400,000 CRMLS
• 2005-04-29 Sold (Public Records) $325,000 Public Records
• 2005-04-29 Sold (MLS) $325,000 GEMLS
• 2005-01-26 Delisted — GEMLS
• 2004-10-31 Listed $325,000 GEMLS
• 2004-07-20 Price Changed $179,950 GEMLS
• 2004-04-09 Sold (Public Records) $184,000 Public Records
• 2004-04-09 Sold (MLS) $183,950 GEMLS
• 2004-02-24 Delisted — GEMLS
• 2004-02-04 Listed $183,950 GEMLS

Property tax history

+6.4%/yr

Latest (2025): $5,912 · +1.7% YoY. Source: county tax records.