619 L · Bakersfield, CA 93304

$347,000

2 bd · 3.0 ba · 718 sqft · MultiFamily public records · 41 Days on market

Built 1923 0.28 ac lot $483/sqft · 72% above area Est $590k · 41% under

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Why this score? — see what drove the B 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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Schools +3.4/10.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Investor opportunity with serious upside. This unique property features three total units on one lot, offering strong flexibility for rental income or multi-generational living. The front house is a 3-bedroom, 1-bath unit. In the rear, there are two additional units, consisting of a 2-bedroom, 1-bath and a 3-bedroom, 1-bath. Zoned R-3, the property provides multiple possibilities for future use and long-term value. With a total of 8 bedrooms and 3 bathrooms across all units, this setup is ideal for investors looking to maximize cash flow and build equity. The property is currently a work in progress and not fully complete, but it is well on its wayoffering a great opportunity for a buyer to finish the vision and add significant value.

Key facts

• Three total units
• Zoned r-3
• Rental income

Tags

• THREE TOTAL UNITS
• RENTAL INCOME
• MULTI-GENERATIONAL LIVING
• ZONED R-3
• MULTIPLE POSSIBILITIES

Property features AI

Finance

• Other: Common wall: 1 common wall; Living area and lot size source: Assessor's data

Exterior

• Parking: 3 covered garage spaces (3 total parking spaces)
• Utilities: Public sewer; District/Public water
• Home design: Attached property; Single-story; Three total units on the parcel
• Construction: Year built per public records
• Exterior features: House structure; Pool: None; Lot described as 0–1 unit/acre; Sidewalks in the neighborhood

Interior

• Kitchen: Kitchen included
• Bedrooms: 8 bedrooms (all on the main level)
• Bathrooms: 3 full bathrooms
• Heating & cooling: Central cooling
• Interior features: One level; Main entry on first level; Eight bedrooms on the main level; Three bathrooms on the main level; Kitchen; Living room
• Laundry & utility: Laundry room inside

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath multifamily listed at $347k.

Deal economics

• At list price, monthly cash flow is $1k ($15k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $347k).
• Recommended offer: $337k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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: Roosevelt Elementary (426 students, 95% FRL); Emerson Middle (754 students, 93% 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 soft (-1.7%/yr); 157 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 4d 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 $2k of loan paydown is wiped out by about $10k 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 41 days — a 3% lower offer ($337k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 33y 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 $175k; list at $347k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $336,590 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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 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: 1.23% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.8

CMA / ARV

• ARV (median comp): $589,900
• List price: $347,000
• Delta: -41.18%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 2.5%
• Equity multiple: 1.09×
• Total profit: $8,863
• Equity at exit: $51,739

10-year hold

• IRR: 9.1%
• Equity multiple: 1.61×
• Total profit: $59,054
• Equity at exit: $30,002

Cash invested: $97,160 (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 93304

• Rents YoY: -1.7%
• Active inventory: 157
• Price-to-rent: 19.2×

Monthly cashflow live

• Estimated rent: $4,269 high
• Mortgage (P&I): −$1,820
• Tax from tax record: −$188 /mo · $2,261/yr
• Insurance: −$145
• HOA: −$0
• Vacancy / Maint / Mgmt: −$896
• Net cashflow: $1,220

Break-even live

Break-even rent $2,725

Max offer price $347,000

Occupancy floor 66%

Sensitivity live

Price	-10% $1,416	-5% $1,318	+0% $1,220	+5% $1,122	+10% $1,023
Rent	-10% $883	-5% $1,051	+0% $1,220	+5% $1,388	+10% $1,557
Rate	-1.0pp $1,395	-0.5pp $1,308	base $1,220	+0.5pp $1,130	+1.0pp $1,038

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

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$3,014
1× unit	2	1	$1,256
Total (3 units)			$4,269

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: $86,750
• Closing costs: $10,410
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
421 Eye St Bakersfield, CA	2.0	1.0	714	$1,600	$2.24	4d	1	0.22mi
1802 Cherry St Unit 3 Bakersfield, CA	2.0	1.0	625	$1,200	$1.92	4d	1	0.33mi
1805 California Ave Bakersfield, CA	2.0	1.0	725	$1,195	$1.65	4d	2	0.47mi
323 1/2 Holtby Rd Bakersfield, CA	1.0	1.0	575	$1,350	$2.35	4d	1	0.62mi
319 Holtby Rd Unit 323 Bakersfield, CA	1.0	1.0	575	$1,350	$2.35	4d	1	0.63mi
630 A St Bakersfield, CA	1.0–2.0	1.0	715	$1,195	$1.67	4d	1	0.67mi
603 A St Apt E Bakersfield, CA	2.0	1.0	750	$1,495	$1.99	4d	1	0.72mi
2300 Brundage Ln Apt B Bakersfield, CA	1.0	1.0	500	$1,300	$2.60	4d	1	0.88mi
1906 18th St Unit 32 Bakersfield, CA	1.0	1.0	638	$1,375	$2.16	16d	1	0.95mi
201 Truxtun Ave Unit B Bakersfield, CA	2.0	1.0	640	$1,100	$1.72	4d	1	1.01mi
200 Truxtun Ave Unit C Bakersfield, CA	1.0	1.0	643	$975	$1.52	4d	1	1.04mi
2904 Sunset Ave Unit 2904 Bakersfield, CA	1.0	1.0	643	$1,125	$1.75	12d	1	1.08mi
2315 Terrace Way Unit D Bakersfield, CA	1.0	1.0	600	$945	$1.57	4d	1	1.09mi
2016 20th St Unit F Bakersfield, CA	1.0	1.0	637	$1,300	$2.04	4d	1	1.10mi
113 Bliss St Bakersfield, CA	1.0	1.0	500	$1,000	$2.00	4d	1	1.12mi
621 Olive St Unit 2 Bakersfield, CA	2.0	1.0	750	$1,100	$1.47	45d	1	1.16mi
2230 G St Apt 7 Bakersfield, CA	1.0	1.0	500	$1,050	$2.10	4d	1	1.20mi
3212 Chester Ln Unit 3212 H Bakersfield, CA	1.0	1.0	750	$1,125	$1.50	4d	1	1.29mi

Listing history 32 events

1. 2026-06-22
   days on market $347,000 Active 41 DOM
2. 2026-06-18
   days on market $347,000 Active 38 DOM
3. 2026-06-17
   days on market $347,000 Active 37 DOM
4. 2026-06-16
   days on market $347,000 Active 36 DOM
5. 2026-06-15
   days on market $347,000 Active 35 DOM
6. 2026-06-14
   days on market $347,000 Active 33 DOM
7. 2026-06-10
   days on market $347,000 Active 30 DOM
8. 2026-06-09
   days on market $347,000 Active 29 DOM
9. 2026-06-08
   days on market $347,000 Active 28 DOM
10. 2026-06-07
    days on market $347,000 Active 27 DOM
11. 2026-06-05
    days on market $347,000 Active 24 DOM
12. 2026-06-03
    days on market $347,000 Active 23 DOM
13. 2026-06-03
    days on market $347,000 Active 22 DOM
14. 2026-06-01
    days on market $347,000 Active 21 DOM
15. 2026-05-31
    days on market $347,000 Active 20 DOM
16. 2026-05-11
    listed $347,000 Active 744-char remark
17. 2026-05-08
    status Active 744-char remark

    Show marketing remark (744 chars)

    Investor opportunity with serious upside. This unique property features three total units on one lot, offering strong flexibility for rental income or multi-generational living. The front house is a 3-bedroom, 1-bath unit. In the rear, there are two additional units, consisting of a 2-bedroom, 1-bath and a 3-bedroom, 1-bath. Zoned R-3, the property provides multiple possibilities for future use and long-term value. With a total of 8 bedrooms and 3 bathrooms across all units, this setup is ideal for investors looking to maximize cash flow and build equity. The property is currently a work in progress and not fully complete, but it is well on its wayoffering a great opportunity for a buyer to finish the vision and add significant value.

18. 2026-04-17
    historical Active - Contingent 744-char remark

    Show marketing remark (744 chars)

    Investor opportunity with serious upside. This unique property features three total units on one lot, offering strong flexibility for rental income or multi-generational living. The front house is a 3-bedroom, 1-bath unit. In the rear, there are two additional units, consisting of a 2-bedroom, 1-bath and a 3-bedroom, 1-bath. Zoned R-3, the property provides multiple possibilities for future use and long-term value. With a total of 8 bedrooms and 3 bathrooms across all units, this setup is ideal for investors looking to maximize cash flow and build equity. The property is currently a work in progress and not fully complete, but it is well on its wayoffering a great opportunity for a buyer to finish the vision and add significant value.

19. 2026-03-25
    listed $347,000 Active 744-char remark

    Show marketing remark (744 chars)

    Investor opportunity with serious upside. This unique property features three total units on one lot, offering strong flexibility for rental income or multi-generational living. The front house is a 3-bedroom, 1-bath unit. In the rear, there are two additional units, consisting of a 2-bedroom, 1-bath and a 3-bedroom, 1-bath. Zoned R-3, the property provides multiple possibilities for future use and long-term value. With a total of 8 bedrooms and 3 bathrooms across all units, this setup is ideal for investors looking to maximize cash flow and build equity. The property is currently a work in progress and not fully complete, but it is well on its wayoffering a great opportunity for a buyer to finish the vision and add significant value.

20. 2026-03-20
    soldstatus $175,000 Sold

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

21. 2026-03-20
    soldstatus $175,000

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

22. 2026-02-21
    status Pending

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

23. 2026-02-19
    status Active

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

24. 2026-02-19
    price $174,995

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

25. 2026-01-20
    status Pending

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

26. 2026-01-19
    listed $219,995 Active

    Show marketing remark (334 chars)

    Price Slashed $40000.00! AS IS Fixer Uppers. Seller will not do any repairs. Two houses on one lot. Terrific opportunity to fix up and save. Charming fixer houses located on a tree lined lot Each has a front porch. Live in one and rent the other. Or Live in one and use the second house for office or guest house. Yesteryear's charm.

27. 1994-10-07
    soldstatus $45,000
28. 1994-10-07
    soldstatus $45,000
29. 1994-09-09
    price $45,950
30. 1994-09-09
    historical
31. 1993-04-05
    listed $45,000
32. 1978-12-31
    soldstatus $25,000

ⓘ 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: $2,261 · $188/mo
• Projected year-2 tax: $2,637 · $220/mo
• Expected delta: +$376/yr (+$31/mo · 16.6%)

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥104°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: $51,228
• − Mortgage interest: −$19,437
• − Property taxes: −$2,261
• − Insurance: −$1,735
• − Repairs & maintenance: −$4,098
• − Management: −$4,098
• − Depreciation: −$10,095
• Taxable income: $9,503
• Est. tax owed @ 24.0%: −$2,281
• After-tax cash flow: $12,357/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): 51,037
• Household income: $50,790
• Rent vs Own: 53.9% rent · 46.1% own
• Severe rent burden: 2587.0

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 (71%)
• Race & ethnicity: Hispanic / Latino 71% Two or more races 18% White 14% Black 9% Asian 3% Native American 2%
• Hispanic origin (detail): Mexican 65%
• Foreign-born: 22% · Canada, China
• Languages at home: 48% English-only · Spanish 49% Other Asian/Pacific 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: ▼ -314.78%
• Current HPI: 397.9557
• Rent YoY: ▼ -1.68%
• 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

+1288.0% since first listed

17 events — show timeline

• 2026-05-11 Listed $347,000 CRMLS
• 2026-05-08 Relisted — GEMLS
• 2026-04-17 Contingent — GEMLS
• 2026-03-25 Listed $347,000 GEMLS
• 2026-03-20 Sold (Public Records) $175,000 Public Records
• 2026-03-20 Sold (MLS) $175,000 GEMLS
• 2026-02-21 Pending — GEMLS
• 2026-02-19 Relisted — GEMLS
• 2026-02-19 Price Changed $174,995 GEMLS
• 2026-01-20 Pending — GEMLS
• 2026-01-19 Listed $219,995 GEMLS
• 1994-10-07 Sold (Public Records) $45,000 Public Records
• 1994-10-07 Sold (MLS) $45,000 GEMLS
• 1994-09-09 Delisted — GEMLS
• 1994-09-09 Price Changed $45,950 GEMLS
• 1993-04-05 Listed $45,000 GEMLS
• 1978-12-31 Sold (Public Records) $25,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $2,261 · +2.6% YoY. Source: county tax records.