7742 Walpole Ave · California City, CA 93505

$310,000

4 bd · 2.0 ba · 1,520 sqft · MultiFamily public records · 8 Days on market

Built 1969 7,339 sqft lot Est $322k · at est.

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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 +16.0/30.0
• Appreciation +10.0/10.0
• ARV discount +9.2/15.0
• DSCR +5.0/10.0
• 1% rule +4.2/10.0
• Rent growth +3.9/5.0
• Condition / age +2.5/5.0
• Livability +2.2/5.0
• Schools +2.1/10.0

Multi-family units

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

Listing remarks MLS

RENOVATED DUPLEX! DUPLEX Price to sell!!! New Tile Flooring throughout, New Roof, New Interior Fresh Paint, New Electric, New Plumbing, New kitchen Appliances, New bathrooms, New Exterior Fresh Paint, New Fence and New Desert Landscaping throughout. 100% Fully Renovated, just finished in June 2023. Seller is Motivated bring offers.

Key facts

• Functional kitchen
• Versatile layout
• Ample parking

Tags

• AMPLE PARKING
• DEDICATED LAUNDRY AREA
• FUNCTIONAL KITCHEN
• VERSATILE LAYOUT
• MULTI-UNIT PROPERTY
• STRONG RENTAL APPEAL

Property features AI

Finance

• Other: Gross rent multiplier reported as 0.00
• Financial info: Two units total; Price per unit listed at $155,000

Exterior

• Parking: Each unit includes 2 parking spaces
• Utilities: No individual electric metering; No master electric metering; No individual water heater; No master water heater; No individual water service; No master water service
• Home design: Single-story units
• Construction: Stucco exterior; Shingle roof
• Exterior features: Lot zoned R1

Interior

• Bedrooms: Each unit has 2 bedrooms
• Bathrooms: Each unit has 1 bathroom
• Heating & cooling: Central air; Central gas heat
• Interior features: Two-unit property (duplex)

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/1.0-bath units multifamily listed at $310k.

Deal economics

• At list price, monthly cash flow is $154 ($2k/yr) — positive. Per door: $77/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 $286k (7.8% below list).
• Recommended offer: $286k (7.8% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 5.2% in California City — 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 44/100 on livability (#1,329 in CA) — a working-class tenant base; expect higher turnover. Strengths: housing A+; Watch: schools F, crime F, amenities F.
• Mojave Unified (town): math 25% / reading 25% proficiency, ranked #411 of 517 in CA (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.5%/yr); 703 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 3,244 units permitted in Kern County in 2024 (73 in 5+ unit buildings).
• At $2,859/mo this rent would consume 57% of the median local household income ($60k/yr) (locally 883% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $33k of equity ($2k loan paydown + $31k appreciation (10.0% local appreciation)).
• Kern County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 5.5% rent growth), your $87k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$53k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 18 sale attempts since 19y 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

• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $285,900 (7.8% below list)

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. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.92% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $322,240
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8100 Quezon Ave	0.35mi	4/4.0	1,650 (+9%)	6mo	$350,000	$212	56

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

Projected returns pro-forma

10.0% appreciation · 5.45% rent growth · sell at horizon

5-year hold

• IRR: 26.7%
• Equity multiple: 3.14×
• Total profit: $185,911
• Equity at exit: $279,273

10-year hold

• IRR: 24.1%
• Equity multiple: 7.41×
• Total profit: $555,958
• Equity at exit: $602,262

Cash invested: $86,800 (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 93505

• Home prices YoY: 13.0%
• Rents YoY: 5.5%
• Active inventory: 703
• Price-to-rent: 18.1×

Monthly cashflow live

• Estimated rent: $2,859 high
• Mortgage (P&I): −$1,626
• Tax from tax record: −$349 /mo · $4,192/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$600
• Net cashflow: $154

Break-even live

Break-even rent $2,663

Max offer price $310,000

Occupancy floor 90%

Sensitivity live

Price	-10% $330	-5% $242	+0% $154	+5% $67	+10% $-21
Rent	-10% $-71	-5% $42	+0% $154	+5% $267	+10% $380
Rate	-1.0pp $311	-0.5pp $233	base $154	+0.5pp $74	+1.0pp $-8

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

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,858
Total (2 units)			$2,859

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: $77,500
• Closing costs: $9,300
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7733 Walpole Ave Unit A California City, CA	3.0	2.0	1600	$2,000	$1.25	24d	1	0.05mi
21032 79th St California City, CA	4.0	2.0	1228	$2,100	$1.71	24d	1	0.23mi
7317 California City Blvd California City, CA	3.0	1.5	1228	$1,725	$1.40	19d	1	0.46mi
7343 Dogwood Ave California City, CA	3.0	2.0	1301	$2,250	$1.73	24d	1	0.56mi
7113 Victor Pl Unit B California City, CA	3.0	2.5	1240	$1,600	$1.29	24d	1	0.64mi
8100 Fernwood Ave California City, CA	3.0	2.0	1336	$1,850	$1.38	24d	1	0.68mi
20673 Medio St California City, CA	3.0	2.0	1690	$2,075	$1.23	24d	1	0.78mi
20425 81st St California City, CA	4.0	3.0	2215	$2,900	$1.31	19d	1	0.84mi
8307 Charles Pl California City, CA	3.0	2.0	1498	$1,750	$1.17	15d	1	0.86mi
8332 Rea Ave California City, CA	4.0	3.0	1861	$2,500	$1.34	4d	1	0.89mi
6761 California City Blvd California City, CA	4.0	2.5	1770	$2,500	$1.41	24d	1	1.01mi
8160 Kalmia Ave California City, CA	3.0	2.0	1277	$1,795	$1.41	24d	1	1.01mi
20300 Graham St California City, CA	4.0	2.5	2016	$2,150	$1.07	24d	1	1.01mi
21811 69th St California City, CA	3.0	2.0	1224	$1,700	$1.39	24d	1	1.02mi
21801 69th St California City, CA	3.0	2.0	1344	$1,700	$1.26	24d	1	1.02mi
6833 Rea Ave California City, CA	3.0	2.0	1512	$1,395	$0.92	24d	1	1.12mi
21231 Corwin St California City, CA	3.0	2.0	1632	$2,500	$1.53	24d	1	1.20mi
20312 Dean Ct California City, CA	3.0	2.0	1742	$1,975	$1.13	15d	1	1.21mi
8801 S Loop Blvd California City, CA	3.0	2.0	1537	$2,600	$1.69	24d	1	1.25mi
8648 Lime Ave California City, CA	3.0	2.0	1459	$2,400	$1.64	24d	1	1.31mi
8560 Nipa Ave California City, CA	3.0	2.0	1309	$1,850	$1.41	15d	1	1.32mi
20321 88th St California City, CA	3.0	2.0	1176	$2,100	$1.79	24d	1	1.36mi
8124 Underwood Ave California City, CA	3.0	2.0	1507	$1,850	$1.23	24d	1	1.47mi
9019 Evelyn Ave California City, CA	4.0	2.0	1731	$2,600	$1.50	4d	1	1.47mi
8312 Tamarack Ave California City, CA	3.0	2.0	1539	$1,900	$1.23	24d	1	1.48mi

Listing history 7 events

1. 2026-06-18
   days on market $310,000 Active 8 DOM
2. 2026-06-17
   days on market $310,000 Active 7 DOM
3. 2026-06-16
   days on market $310,000 Active 6 DOM
4. 2026-06-15
   days on market $310,000 Active 5 DOM
5. 2026-06-14
   days on market $310,000 Active 3 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $310,000 Active 2 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: $4,192 · $349/mo
• Projected year-2 tax: $4,192 · $349/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 1/10 Low
• 🌡 Heat 8/10 Severe 6 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 7/10 Severe 13 unhealthy d/yr today · 17 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,308
• − Mortgage interest: −$17,365
• − Property taxes: −$4,192
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,745
• − Management: −$2,745
• − Depreciation: −$9,018
• Taxable loss: −$3,306
• Est. tax savings @ 24.0%: +$793
• After-tax cash flow: $2,647/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: Mojave Unified
• NCES district ID: 0625230
• Math proficiency: 25% ▲ 11.00%
• Reading proficiency: 25% ▼ -1.00%
• Median HH income: $43,017
• Composite: 21.4/100
• National rank: #8350
• State rank: #411 of 517 in CA

Livability — California City

• Score: 44/100
• State rank: #1329
• US rank: #26753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: California City, CA
• County: Kern County · 710,371 people
• City population: 14,353
• Metro: Bakersfield, CA
• Population (ZIP): 14,353
• Household income: $59,827
• Rent vs Own: 44.6% rent · 55.4% own
• Severe rent burden: 883.0

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: Highly diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 40% White 30% Black 22% Two or more races 16% Native American 3% Asian 1%
• Hispanic origin (detail): Mexican 29%
• Common ancestry: Italian 3% Lithuanian 1% Romanian 1%
• Foreign-born: 13% · Canada, Dominican Republic
• Languages at home: 68% English-only · Spanish 29%

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: ▲ 46.32%
• Current HPI: 402.4192
• Rent YoY: ▲ 5.45%
• 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

+110.9% since first listed

44 events — show timeline

• 2026-06-10 Listed $310,000 AVMLS
• 2023-08-22 Pending — AVMLS
• 2023-08-21 Sold (Public Records) $310,000 Public Records
• 2023-08-21 Sold (MLS) $310,000 CRMLS
• 2023-08-21 Sold (MLS) $310,000 AVMLS
• 2023-06-19 Listed $339,950 CRMLS
• 2023-06-18 Listed $339,950 AVMLS
• 2023-05-31 Listing Removed — CRMLS
• 2023-04-28 Price Changed $349,950 CRMLS
• 2023-04-26 Price Changed $349,950 AVMLS
• 2023-04-19 Listed $389,000 CRMLS
• 2022-12-19 Listing Removed — CRMLS
• 2022-08-29 Listed $239,000 CRMLS
• 2022-08-28 Listing Removed — CRMLS
• 2022-08-13 Listed $245,000 CRMLS
• 2022-02-07 Listing Removed — AVMLS
• 2022-02-04 Sold (Public Records) $155,000 Public Records
• 2022-02-04 Sold (MLS) $155,000 AVMLS
• 2022-01-06 Relisted — AVMLS
• 2021-11-30 Listed $165,000 AVMLS
• 2020-12-22 Listing Removed — CRMLS
• 2020-12-10 Relisted — CRMLS
• 2020-12-09 Listing Removed — AVMLS
• 2020-12-07 Price Changed $110,000 AVMLS
• 2020-12-06 Price Changed $110,000 CRMLS
• 2020-12-02 Listed $170,000 AVMLS
• 2020-12-02 Listed $170,000 CRMLS
• 2015-03-18 Listing Removed — AVMLS
• 2015-03-17 Listing Removed — AVMLS
• 2015-03-17 Listing Removed — AVMLS
• 2014-06-06 Sold (Public Records) $51,000 Public Records
• 2014-06-06 Sold (MLS) $51,000 AVMLS
• 2014-04-23 Listing Removed — AVMLS
• 2014-04-23 Listed $54,900 AVMLS
• 2014-03-14 Listed $59,000 AVMLS
• 2013-08-19 Listed $64,900 AVMLS
• 2012-07-18 Listed $79,900 AVMLS
• 2010-10-21 Sold (Public Records) $16,000 Public Records
• 2010-08-31 Listing Removed — AVMLS
• 2010-07-16 Listed $49,900 AVMLS
• 2007-05-03 Listing Removed — AVMLS
• 2007-03-20 Listed $189,500 AVMLS
• 2007-03-20 Listed $179,500 AVMLS
• 2006-11-03 Sold (Public Records) $147,000 Public Records

Property tax history

+19.4%/yr

Latest (2025): $4,192 · -5.1% YoY. Source: county tax records.