736 Commercial Ave · Ridgecrest, CA 93555

$199,950

2 bd · 1.0 ba · 1,803 sqft · MultiFamily public records · 9 Days on market

Built 1980 6,534 sqft lot

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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 +23.7/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• 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

Multi-family units

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

Listing remarks

Don't miss out on this great investment opportunity! Duplex, priced under market. Unit A has new carpet and fresh paint. Both units have indoor laundry room with extra storage and east facing back patios. Refrigerators stay in both units as well. Unit B is recently vacated and needs some love. Take advantage of the lower price to do your own repairs and build equity. Schedule a showing today!

Key facts

• Fresh paint
• Refrigerators stay
• New carpet

Tags

• NEW CARPET
• FRESH PAINT
• INDOOR LAUNDRY ROOM
• EXTRA STORAGE
• EAST FACING BACK PATIOS
• REFRIGERATORS STAY

Property features AI

Exterior

• Home design: Residential income property; Duplex; Fixer-upper / income property
• Construction: Stucco construction; Slab foundation; Asphalt/composition/shingle roof
• Exterior features: Fenced yard; R-2 zoning

Interior

• Kitchen: Dishwasher; Range / Oven; Disposal
• Flooring: Carpet
• Interior features: Dishwasher; Disposal; Range / Oven; Gas water heater
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $200k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive. Per door: $189/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Cap rate 8.6% 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: schools C-, amenities D+, cost of living D+.
• 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.
• Market conditions: Rents rising (+3.6%/yr); 328 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 3d 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).
• This rent runs 30% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $87k; list at $200k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $199,950

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.09% ✓
• Cap rate: 8.57%
• Cash-on-cash: 8.12%
• DSCR: 1.36
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.58% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.88×
• Total profit: $-6,988
• Equity at exit: $29,813

10-year hold

• IRR: 7.0%
• Equity multiple: 1.54×
• Total profit: $30,304
• Equity at exit: $17,288

Cash invested: $55,986 (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: 328
• Price-to-rent: 15.3×

Monthly cashflow live

• Estimated rent: $2,172 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$205 /mo · $2,461/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $379

Break-even live

Break-even rent $1,692

Max offer price $199,950

Occupancy floor 78%

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,172
Total (2 units)			$2,172

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: $49,988
• Closing costs: $5,998
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
112 Rawhide Ln Ridgecrest, CA	3.0	2.0	1467	$1,650	$1.12	2d	1	0.22mi
236 S American St Ridgecrest, CA	3.0	2.0	1407	$1,650	$1.17	43d	1	0.25mi
624 Yellow Astor Ave Ridgecrest, CA	2.0	2.0	1441	$1,800	$1.25	21d	1	0.43mi
528 Heatherglen Dr Ridgecrest, CA	3.0	2.0	1370	$1,725	$1.26	2d	1	0.45mi
224 Larkspur St Ridgecrest, CA	3.0	2.0	1362	$1,995	$1.46	2d	1	0.52mi
431 Jacobs Ct Ridgecrest, CA	3.0	2.0	1743	$1,850	$1.06	43d	1	0.53mi
255 E Upjohn Ave Ridgecrest, CA	2.0	2.5	1258	$1,350	$1.07	2d	1	0.79mi
520 Silveridge St Ridgecrest, CA	3.0	2.0	1471	$2,000	$1.36	43d	1	0.80mi
247 E Upjohn Ave Ridgecrest, CA	3.0	2.5	1305	$1,425	$1.09	2d	1	0.80mi
205 E Upjohn Ave Ridgecrest, CA	2.0	2.5	1288	$1,225	$0.95	43d	1	0.82mi
225 N Helena St Ridgecrest, CA	3.0	2.0	1527	$1,750	$1.15	2d	1	1.25mi
419 Jean Ave Ridgecrest, CA	3.0	2.0	1583	$1,585	$1.00	2d	1	1.26mi
401 N Norma St Ridgecrest, CA	3.0	2.0	1360	$1,500	$1.10	2d	1	1.42mi
247 Peg St Ridgecrest, CA	3.0	2.0	1876	$1,500	$0.80	2d	1	1.45mi

Listing history 8 events

1. 2026-06-14
   statusdays on market $199,950 Pending 9 DOM
2. 2026-06-13
   days on market $199,950 Active 8 DOM
3. 2026-06-10
   days on market $199,950 Active 6 DOM
4. 2026-06-09
   days on market $199,950 Active 5 DOM
5. 2026-06-08
   days on market $199,950 Active 4 DOM
6. 2026-06-07
   days on market $199,950 Active 3 DOM
7. 2026-06-05
   remarks 395-char remark
8. 2026-06-05
   listed $199,950 Active 1 DOM

ⓘ 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: $2,461 · $205/mo
• Projected year-2 tax: $2,461 · $205/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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 20 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: $26,064
• − Mortgage interest: −$11,200
• − Property taxes: −$2,461
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,085
• − Management: −$2,085
• − Depreciation: −$5,817
• Taxable income: $1,416
• Est. tax owed @ 24.0%: −$340
• After-tax cash flow: $4,207/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

+180.7% since first listed

6 events — show timeline

• 2026-06-04 Listed $199,950 SSMLS
• 2003-12-18 Sold (Public Records) $87,000 Public Records
• 2001-11-07 Sold (Public Records) $87,000 Public Records
• 1998-12-17 Sold (Public Records) $36,000 Public Records
• 1997-07-07 Sold (Public Records) $25,000 Public Records
• 1997-02-14 Sold (Public Records) $71,244 Public Records

Property tax history

+3.5%/yr

Latest (2025): $2,461 · +4.6% YoY. Source: county tax records.