8524 Wildrose Ave · Weldon, CA 93240

$239,500

3 bd · 2.0 ba · 1,456 sqft · SingleFamily public records · 78 Days on market

Built 1979 0.31 ac lot $164/sqft · 17% below area Est $288k · 17% 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 +15.0/15.0
• Cash flow +10.7/30.0
• Appreciation +7.8/10.0
• DSCR +3.1/10.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Livability +2.4/5.0

Listing remarks MLS

This updated home features painted concrete floors throughout ready for someone's creativity with flooring and a large living room with a cozy fireplace . The spacious kitchen offers ample cabinetry and counter space, along with a walk-in pantry and brand-new appliances-including a dishwasher, refrigerator, and stove. A great counter for bar stools and a conversation area. A sliding glass door in the dining area leads to a relaxing outdoor patio. The main bedroom suite includes a large glass walk-in shower, double closets, and direct access to a private patio and the backyard. The backyard is partially fenced and shaded by mature trees, while the front yard is landscaped with drought-tolerant succulents. Additional highlights include forced air heating and A/C, underground utilities, a large front parking area, garage, and additional driveway access to the backyard. Located in an established neighborhood surrounded by other upscale homes. Short distance to lake access, neighborhood market and gas station conveniences. Bring your offer for consideration - Seller motivated!

Key facts

• Ample cabinetry
• Large living room
• Sliding glass door

Tags

• LARGE LIVING ROOM
• COZY FIREPLACE
• AMPLE CABINETRY
• WALK-IN PANTRY
• BRAND-NEW APPLIANCES
• SLIDING GLASS DOOR

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-113 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (8.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $176k (26.5% below list).
• Recommended offer: $176k (26.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 48/100 on livability (#1,218 in CA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A-, housing B+; Watch: schools F, amenities F, commute F.
• South Fork Union (rural): math 25% / reading 40% proficiency, ranked #1,016 of 1,400 in CA (top 73%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 135 active listings in the ZIP; 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($2k loan paydown + $13k appreciation (5.5% local appreciation)).
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 78 days — a 6% lower offer ($225k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y 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 $134k; list at $240k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $176,108 (26.5% 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 78 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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: 0.74% ✗
• Cap rate: 5.73%
• Cash-on-cash: -2.02%
• DSCR: 0.91
• GRM: 11.3

CMA / ARV

• ARV (median comp): $288,210
• List price: $239,500
• Delta: -16.90%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4205 Fiddleneck Street St	0.16mi	3/2.0	1,300 (-11%)	11mo	$310,000	$238	66
8318 Southlake	0.44mi	3/2.0	1,342 (-8%)	9mo	$349,500	$260	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

5.55% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.6%
• Equity multiple: 1.83×
• Total profit: $55,532
• Equity at exit: $143,804

10-year hold

• IRR: 13.4%
• Equity multiple: 3.55×
• Total profit: $170,704
• Equity at exit: $255,142

Cash invested: $67,060 (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 93240

• Home prices YoY: 1.6%
• Active inventory: 135
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,761 medium
• Mortgage (P&I): −$1,256
• Tax from tax record: −$149 /mo · $1,783/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $-113

Break-even live

Break-even rent $1,904

Max offer price $219,526

Occupancy floor —

Sensitivity live

Price	-10% $23	-5% $-45	+0% $-113	+5% $-181	+10% $-249
Rent	-10% $-252	-5% $-183	+0% $-113	+5% $-44	+10% $26
Rate	-1.0pp $8	-0.5pp $-52	base $-113	+0.5pp $-175	+1.0pp $-238

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: $59,875
• Closing costs: $7,185
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-09
   statusdays on market $239,500 Pending 78 DOM
2. 2026-06-05
   days on market $239,500 Active 77 DOM
3. 2026-06-05
   days on market $239,500 Active 76 DOM
4. 2026-06-03
   days on market $239,500 Active 75 DOM
5. 2026-06-02
   days on market $239,500 Active 74 DOM
6. 2026-06-01
   days on market $239,500 Active 73 DOM
7. 2026-05-31
   days on market $239,500 Active 72 DOM
8. 2026-05-07
   status Active 1089-char remark

   Show marketing remark (1089 chars)

   This updated home features painted concrete floors throughout ready for someone's creativity with flooring and a large living room with a cozy fireplace . The spacious kitchen offers ample cabinetry and counter space, along with a walk-in pantry and brand-new appliances-including a dishwasher, refrigerator, and stove. A great counter for bar stools and a conversation area. A sliding glass door in the dining area leads to a relaxing outdoor patio. The main bedroom suite includes a large glass walk-in shower, double closets, and direct access to a private patio and the backyard. The backyard is partially fenced and shaded by mature trees, while the front yard is landscaped with drought-tolerant succulents. Additional highlights include forced air heating and A/C, underground utilities, a large front parking area, garage, and additional driveway access to the backyard. Located in an established neighborhood surrounded by other upscale homes. Short distance to lake access, neighborhood market and gas station conveniences. Bring your offer for consideration - Seller motivated!

9. 2026-04-22
   historical Active Under Contract 1089-char remark

   Show marketing remark (1089 chars)

   This updated home features painted concrete floors throughout ready for someone's creativity with flooring and a large living room with a cozy fireplace . The spacious kitchen offers ample cabinetry and counter space, along with a walk-in pantry and brand-new appliances-including a dishwasher, refrigerator, and stove. A great counter for bar stools and a conversation area. A sliding glass door in the dining area leads to a relaxing outdoor patio. The main bedroom suite includes a large glass walk-in shower, double closets, and direct access to a private patio and the backyard. The backyard is partially fenced and shaded by mature trees, while the front yard is landscaped with drought-tolerant succulents. Additional highlights include forced air heating and A/C, underground utilities, a large front parking area, garage, and additional driveway access to the backyard. Located in an established neighborhood surrounded by other upscale homes. Short distance to lake access, neighborhood market and gas station conveniences. Bring your offer for consideration - Seller motivated!

10. 2026-03-20
    listed $239,500 Active 1089-char remark

    Show marketing remark (1089 chars)

    This updated home features painted concrete floors throughout ready for someone's creativity with flooring and a large living room with a cozy fireplace . The spacious kitchen offers ample cabinetry and counter space, along with a walk-in pantry and brand-new appliances-including a dishwasher, refrigerator, and stove. A great counter for bar stools and a conversation area. A sliding glass door in the dining area leads to a relaxing outdoor patio. The main bedroom suite includes a large glass walk-in shower, double closets, and direct access to a private patio and the backyard. The backyard is partially fenced and shaded by mature trees, while the front yard is landscaped with drought-tolerant succulents. Additional highlights include forced air heating and A/C, underground utilities, a large front parking area, garage, and additional driveway access to the backyard. Located in an established neighborhood surrounded by other upscale homes. Short distance to lake access, neighborhood market and gas station conveniences. Bring your offer for consideration - Seller motivated!

11. 2025-12-17
    status Active
12. 2025-12-17
    price $239,500
13. 2025-08-15
    price $250,000
14. 2025-06-06
    listed $262,000 Active
15. 2017-07-26
    soldstatus $134,000
16. 2009-01-30
    soldstatus $85,500
17. 2008-11-06
    price $99,895
18. 2008-11-06
    historical
19. 2008-09-29
    listed $85,500
20. 1997-06-24
    soldstatus $61,000

ⓘ 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: $1,783 · $149/mo
• Projected year-2 tax: $1,820 · $152/mo
• Expected delta: +$37/yr (+$3/mo · 2.1%)

ⓘ 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 8/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥94°F today · 18 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 9/10 Extreme 19 unhealthy d/yr today · 21 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,133
• − Mortgage interest: −$13,416
• − Property taxes: −$1,783
• − Insurance: −$1,198
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$6,967
• Taxable loss: −$5,612
• Est. tax savings @ 24.0%: +$1,347
• After-tax cash flow: $-10/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: South Fork Union
• NCES district ID: 0637470
• Math proficiency: 25% ▲ 5.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $32,532
• Composite: 29.31/100
• National rank: #11836
• State rank: #1016 of 1400 in CA

Livability — Weldon

• Score: 48/100
• State rank: #1218
• US rank: #26156

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Weldon, CA
• Population (ZIP): 5,622

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 White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 5% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Italian 3% Portuguese 2% Iranian 2%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 93% English-only · Spanish 4% Korean 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: ▲ 5.55%
• Current HPI: 341.2481
• Rent YoY: —
• Metro: —
• 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

+292.6% since first listed

13 events — show timeline

• 2026-05-07 Relisted — SSMLS
• 2026-04-22 Contingent — SSMLS
• 2026-03-20 Listed $239,500 SSMLS
• 2025-12-17 Relisted — SSMLS
• 2025-12-17 Price Changed $239,500 SSMLS
• 2025-08-15 Price Changed $250,000 SSMLS
• 2025-06-06 Listed $262,000 SSMLS
• 2017-07-26 Sold (Public Records) $134,000 Public Records
• 2009-01-30 Sold (MLS) $85,500 GEMLS
• 2008-11-06 Delisted — GEMLS
• 2008-11-06 Price Changed $99,895 GEMLS
• 2008-09-29 Listed $85,500 GEMLS
• 1997-06-24 Sold (Public Records) $61,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $1,783 · +1.9% YoY. Source: county tax records.